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Jindal Drilling & Industries standalone net profit declines 3.66% in the June 2016 quarter

Jindal Drilling & Industries standalone net profit declines 3.66% in the June 2016 quarter

Sep 14,2016

Net profit of Jindal Drilling & Industries declined 3.66% to Rs 9.48 crore in the quarter ended June 2016 as against Rs 9.84 crore during the previous quarter ended June 2015. Sales rose 11.24% to Rs 92.66 crore in the quarter ended June 2016 as against Rs 83.30 crore during the previous quarter ended June 2015.

ParticularsQuarter Ended
n++Jun. 2016Jun. 2015% Var.
Sales92.6683.3011
OPM %9.8912.74-
PBDT14.5518.68-22
PBT12.0915.01-19
NP9.489.84-4

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Energy Development Company to hold board meeting
Nov 02,2016

Energy Development Company will hold a meeting of the Board of Directors of the Company on 10 November 2016, to consider and approve the Un-audited Financial Results for the quarter ended on 30 September 2016.

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KJMC Corporate Advisors (India) to hold board meeting
Nov 02,2016

KJMC Corporate Advisors (India) will hold a meeting of the Board of Directors of the Company on 11 November 2016, to consider Unaudited Financial Results of the Company for the quarter and half year ended 30 September 2016

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Svaraj Trading & Agencies to hold board meeting
Nov 02,2016

Svaraj Trading & Agencies will hold a meeting of the Board of Directors of the Company on 14 November 2016, to consider and approve the unaudited Financial Results of the Company for the quarter and half year ended 30 September 2016.

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Maxwell Industries to hold board meeting
Nov 02,2016

Maxwell Industries will hold a meeting of the Board of Directors of the Company on 14 November 2016, to approve and take on record the un-audited financial results of the Company for the 2nd quarter and half year ended on 30 September 2016, as per Regulation 29 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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Oracle Financial Services Software to hold board meeting
Nov 02,2016

Oracle Financial Services Software will hold a meeting of the Board of Directors of the Company on 9 November 2016, to consider, approval of unaudited standalone and consolidated lnd-AS financial results for the quarter and half year ended 30 September 2016 (Q2).

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Nitco to hold board meeting
Nov 02,2016

Nitco will hold a meeting of the Board of Directors of the Company on 14 November 2016, to consider and approve the Unaudited Financial Results for the quarter ended 30 September 2016.

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Chartered Logistics to hold board meeting
Nov 02,2016

Chartered Logistics will hold a meeting of the Board of Directors of the Company on 9 November 2016, to consider and approve the unaudited Financial Results of the Company for the Quarter ended 30 September 2016.

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IndiaNivesh to hold board meeting
Nov 02,2016

IndiaNivesh will hold a meeting of the Board of Directors of the Company on 11 November 2016, to approve the Unaudited Stand Alone Financial Results for the quarter ended 30 September 2016.

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Gontermann Peiper (India) to hold board meeting
Nov 02,2016

Gontermann Peiper (India) will hold a meeting of the Board of Directors of the Company on 11 November 2016, to consider, approve and take on record the Un-Audited Financial Results of the Company for the quarter and half year ended on 30 September 2016,

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Trinetra Cement to hold board meeting
Nov 02,2016

Trinetra Cement will hold a meeting of the Board of Directors of the Company on 19 November 2016, to consider unaudited financial results (subjected to a n++limited reviewn++ by the statutory auditors of our Company) for the quarter and half-year ended 30 September 2016.

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Valson Industries leases land from MIDC
Nov 02,2016

Valson Industries has acquired the leasehold land from MIDC situated at Plot No. T-14, Addl. Amravati Indl. Area (Textile Park), MIDC, Amravari.

Mr. Varun S. MutrejaDirector-CFo, Mr. Kunal S. Mutreja-CEo and Mr. Pritesh Shah-Vice President were authorized to execute the lease deed and any other documents with MIDC.

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Indian Hume Pipe Company fixes record date
Nov 02,2016

Indian Hume Pipe Company has fixed 13th December 2016 as the record date for the purpose of bonus shares.

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Bodhtree Consulting director resigns
Nov 02,2016

Mr. Nimmagadda Sriram has resigned from the directorship of Bodhtree Consulting with immediate effect from 02nd November 2016.

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Bodhtree Consulting director resigns
Nov 02,2016

Mr. Nimmagadda Sriram has resigned from the directorship of Bodhtree Consulting with immediate effect from 02nd November 2016.

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Ministry of Shipping sponsors safety training progarmme for ship recycling workers under Sagarmala
Nov 02,2016

As part of its Coastal Community Development Programme under Sagarmala, the Ministry of Shipping has sanctioned Rupees 10 Crore as part of the first instalment to the Gujarat Maritime Board for capacity building and safety training of 20,000 workers involved in the ship recycling activities at Alanag- Sosiya recycling yard in Bhavnagar district in Gujarat. The total project cost is estimated to be Rupees 30 Crore over a period of 3 years.

The initiative has been identified in the National Perspective Plan (NPP) of Sagarmala for the upliftment of the coastal community and aims to provide health and safety training to the skilled and semi-skilled workers which is required while performing their work at ship recycling yards. Due to the accident prone nature of the ship breaking activity, Gujarat Maritime Board has been running an indigenous Safety Training and Labour Welfare Institute at Alang and has trained about 1.10 lakh labors over the last 12 years. However, with the increased volume of ship recycling over last decade and to bring the training standards at par with the international regulations like UN Body -International Maritime Organization, it is imperative to enhance the capacity build-up and upgrade the existing training standards.

The safety training programme under Sagarmala has been specifically designed and conforms to the Common Norms for Skill Development Schemes under National Skill Qualification Framework notified by the Ministry of Skill Development & Entrepreneurship in Gazette Notification dated 8th August, 2015. A new module has been proposed which would impart comprehensive training to workers about Occupational Safety & Hazards at workplaces that are likely to cause injuries, death or chronic occupational diseases.

In India, ship recycling has emerged as an activity of sizeable volume, supplying raw material to steel industry for both re-rolling and re-melting. The Alang Sosiya Recycling yard is the largest ship-recycling yard in Asia, which employs an average 15000,-25000 labourers at a time and generates about 35 lakh LDT (Light displacement) per annum. On an average 350 numbers of ships are recycled every year in which more than 3 million MT of steel is generated through recycling route.

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