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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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Golkonda Engineering Enterprises to hold board meeting
Nov 02,2016

Golkonda Engineering Enterprises will hold a meeting of the Board of Directors of the Company on 11 November 2016 Quarterly Results

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Advent Computer Services to hold board meeting
Nov 02,2016

Advent Computer Services will hold a meeting of the Board of Directors of the Company on 12 November 2016, to consider the Standalone Unaudited Financial Results for the Quarter and half year ended 30 September 2016.

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Shree Krishna Paper Mills & Inds. to hold board meeting
Nov 02,2016

Shree Krishna Paper Mills & Inds. will hold a meeting of the Board of Directors of the Company on 10 November 2016 to consider, approve and take on record the Unaudited Financial Results for the quarter and half year ended 30 September 2016.

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Zensar Technologies acquires Foolproof
Nov 02,2016

Zensar Technologies (UK) Limited, a wholly owned subsidiary of Zensar Technologies has signed definitive agreements on 02nd November 2016 to acquire Foolproof, a company incorporated in UK along with its two wholly owned subsidiary companies in UK and one wholly owned subsidiary company in Singapore.

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Zensar Technologies acquires Foolproof
Nov 02,2016

Zensar Technologies (UK) Limited, a wholly owned subsidiary of Zensar Technologies has signed definitive agreements on 02nd November 2016 to acquire Foolproof, a company incorporated in UK along with its two wholly owned subsidiary companies in UK and one wholly owned subsidiary company in Singapore.

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Talbros Engineering to hold board meeting
Nov 02,2016

Talbros Engineering will hold a meeting of the Board of Directors of the Company on 10 November 2016, to consider and approve the Un-audited (Reviewed) Financial Results for the second quarter / half year ended on 30 September 2016

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Ashok Alco-Chem to hold board meeting
Nov 02,2016

Ashok Alco-Chem will hold a meeting of the Board of Directors of the Company on 10 November 2016, to consider and approve the Unaudited Financial Results (Standalone & Consolidated) for the quarter and half year ended 30 September 2016.

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SBEC Systems (India) to hold board meeting
Nov 02,2016

SBEC Systems (India) will hold a meeting of the Board of Directors of the Company on 12 November 2016, to consider & approve the Un-Audited Financial Results of the Company for the quarter ended 30 September 2016

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GSL Nova Petrochemicals to hold board meeting
Nov 02,2016

GSL Nova Petrochemicals will hold a meeting of the Board of Directors of the Company on 14 November 2016, to consider and approve the unaudited Financial Results with Limited review report from auditor of the Company for the quarter ended on 30 September 2016.

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India Gelatine & Chemicals to hold board meeting
Nov 02,2016

India Gelatine & Chemicals will hold a meeting of the Board of Directors of the Company on 11 November 2016, to consider Un-audited Financial Results, (Provisional) of the company, for the second quarter and half year ended on 30 September 2016.

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Finkurve Financial Services to hold board meeting
Nov 02,2016

Finkurve Financial Services will hold a meeting of the Board of Directors of the Company on 10 November 2016, to consider and approve the Standalone Un-Audited Financial Results for the quarter and half year ended 30 September 2016.

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Bagadia Colourchem to hold board meeting
Nov 02,2016

Bagadia Colourchem will hold a meeting of the Board of Directors of the Company on 10 November 2016, to consider amongst other business the consideration of Unaudited Financial Results for the Quarter ended as on 30 September 2016.

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TajGVK Hotels jumps after turnaround in Q2
Nov 02,2016

The result was announced during market hours today, 2 November 2016.

Meanwhile, the S&P BSE Sensex was down 351.62 points or 1.26% at 27,524.99.

On BSE, so far 2.17 lakh shares were traded in the counter as against average daily volume of 26,367 shares in the past one quarter. The stock hit a high of Rs 133.50 and a low of Rs 120.25 so far during the day. The stock had hit a 52-week high of Rs 158 on 23 August 2016. The stock had hit a 52-week low of Rs 64.90 on 29 February 2016. The stock had outperformed the market over the past one month till 1 November 2016, advancing 0.71% compared with 0.04% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, sliding 15.33% as against Sensexs 0.45% fall.

The small-cap company has equity capital of Rs 12.54 crore. Face value per share is Rs 2.

TajGVK Hotels total income from operations rose 8.85% to Rs 65.52 crore in Q2 September 2016 over Q2 September 2015.

TajGVK Hotels & Resorts is a joint venture, formed through a strategic alliance, between the Indian Hotels Company (IHCL) and the Hyderabad based GVK Group in the year 1999/2000. GVK Group is a Hyderabad based multi product and multi-location business conglomerate with several integrated companies in India and abroad. IHCL is a TATA enterprise with a chain of hotels owning the Taj Group of Hotels and manages and operates various hotels across the country and abroad. The company owns & operates three five star hotels in Hyderabad and one five star hotel each in the cities of Chennai and Chandigarh.

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Dilip Buildcon awarded new contract
Nov 02,2016

The Ministry of Road Transport & Highways has declared Dilip Buildcon as the selected bidder for Rehabilitation and up-gradation of NH-66 from Km-406/030 to Km 450/170 to four lane with paved shoulder in the state of Maharashtra at a project cost of Rs. 914.00 crores and the first year O&M cost of Rs. 3.00 Crores.

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Directorate of Revenue Intelligence (DRI) seizes about 23.5 metric tonnes of Mandrax Tablets (Methaqualone)
Nov 02,2016

In one of the biggest seizure of Narcotic Drugs & Psychotropic Substances, the officers of Directorate of Revenue Intelligence (DRI), apex counter-smuggling agency of the Central Board of Excise and Customs (CBEC), have seized about 23.5 metric tonnes of Mandrax Tablets (Methaqualone), a banned psychotropic substance under Schedule I of NDPS Rules, 1985. Active assistance of officials of Border Security Force at Udaipur has been taken by the officers of DRI for the operation.

Information was received that huge quantities of Mandrax Tablets have been concealed in a premises at Udaipur (Rajasthan) by one Mumbai-based mastermind. On 28th October 2016, a team of officers of DRI raided the premises of M/s Marudhar Drinks, Bhamasha Industial Area, Kaladwas, Udaipur.

During the search, DRI officers detected a hidden room filled with cartons of Mandrax tablets. The total number of tablets are estimated to be about 2 crore in numbers with a weight of about 23.5 metric tonnes (23500 kgs). The international market value of seized tablets is estimated to be over Rs. 3000 crores. This is one of the largest seizures of Methaqualone not only in India but also in the world. The mastermind of the syndicate has been arrested by DRI and follow-up operation is underway to nab others involved with the drug syndicate.

The major raw material for Mandrax is acetic anhydride which was manufactured by the syndicate at Shreenath Industries, Rajsamand. The other raw materials for Methaqualone, apart from acetic anhydride (manufactured at Shreenath Industries) are Anthranillic Acid (which was imported from Indonesia from Kandla Port by misdeclaring it as Mallic Anhydride), ortho toloudiene, phosporous trichloride, caustic soda (procured locally).

Methaqualone is a depressant, overdose of which can lead to coma and death. It is used as a recreational drug in Africa and Asia. It is commonly known as Mandrax, M-pills, buttons, or smarties and is usually smoked mixed with cannabis.

Relentless efforts put in by the Directorate of Revenue Intelligence has resulted in neutralizing 10 other factories across several States in the recent past manufacturing various types of synthetic drugs like Mephedrone, Ketamine, Alprazolam and precursor chemical like Ephedrine.

In last five years, DRI has seized more than 540 kgs of Heroin, and 7400 kgs of ephedrine along with other narcotics and psychotropic substances under NDPS Act 1985. DRI has been in active liaison with international enforcement agencies for combating the menace of drug abuse.

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