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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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Ramkrishna Forgings gets reaffirmation in credit ratings
Oct 18,2016

Ramkrishna Forgings announced that the Rating Committee of CRISIL has reaffirmed the long term rating of CRISIL BBB+. The outlook on the long term rating is stable.

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Centre actively considering FTA with EU to boost Textile Trade
Oct 18,2016

The Government of India recognises the significance of FTA with EU and the advantages it holds for the country. Ministry of Textiles is in constant touch with the Ministry of Commerce to pursue FTA with EU to boost the international trade, specially in the textile sector, said Rashmi Verma, Secretary, Ministry of Textiles, Government of India.

She further added that while Bangladesh enjoys preferential treatment and tax benefits for textile exports, India has greater competitive advantage in terms of environmental compliances. As countries of the European Union lay huge importance to environmental compliances, India stands to gain over Bangladesh, she added.

Indian textile industry is at a turning point. On one hand Chinas export growth in textiles is decreasing, India, riding on cost advantage, have huge potential to play a prominent role in international textile trade. India is also amongst very few countries which have the entire value chain existing with the country. Further, following the true spirit of federal competitiveness, several states are coming out with their own policy and incentives scheme for the textile sector, which augurs well with the aim to make India a leading global play in the textile sector. Roll out of the GST will also greatly help in streamlining the tax structure and improve compliance, she added.

She appealed industry to take full advantage of the special package announced by the Government for the textile sector. She also pointed out that industry needs to increasingly focus on innovation, modernisation and technological advancement to become world-leaders in the textile sector.

Stressing on the importance of skilling the workforce to become globally competitive, she said, n++At least 10 lakh workers need to be skilled every year to meet the demands of the industry and create direct and indirect employment. In a significant development, the ministry of labour is soon going to notify labour reforms allowing fixed-term employment for the textile sectorn++ she added. She also announced that the Ministry of Textile is working on the new textile policy which will be announced soon.

The Indian textile industry must step up and take advantage of the fact that the world leader in textile - China, is moving away from the sector due to high cost of production. Union Government and state governments as well as the industry must work in tandem to capture share of the world market and occupy the space being vacated by China.

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Shriram EPC spurts after winning contract
Oct 18,2016

The announcement was made after market hours yesterday, 17 October 2016.

Meanwhile, the BSE Sensex was up 213.05 points, or 0.77%, to 27,743.02.

On BSE, so far 1.25 lakh shares were traded in the counter, compared with average daily volume of 40,901 shares in the past one quarter. The stock hit a high of Rs 27.20 and a low of Rs 25.90 so far during the day. The stock hit a 52-week high of Rs 38.55 on 6 January 2016. The stock hit a record low of Rs 19 on 8 June 2016. The stock had outperformed the market over the past 30 days till 17 October 2016, rising 5.30% compared with 3.74% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 0.21% as against Sensexs 0.93% decline.

The small-cap company has equity capital of Rs 330.63 crore. Face value per share is Rs 10.

Shriram EPC announced that it has been awarded contract of over Rs 61 crore from K.U.W.S. & D. Board (KUWSD), Bengaluru for providing water supply scheme to Robertsonpet (KGF) City under AMRUT. Scope of work includes providing water supply scheme to Robertsonpet (KGF) City under AMRUT. The project is to be executed over a period of 36 months.

Shriram EPC reported net loss of Rs 41.84 crore in Q1 June 2016, higher than net loss of Rs 2.79 crore in Q1 June 2015. Net sales declined 37.6% to Rs 94.45 crore in Q1 June 2016 over Q1 June 2015.

Shriram EPC offers design, engineering, procurement, construction and project management services for infrastructure projects.

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Just Dial to hold board meeting
Oct 18,2016

Just Dial will hold a meeting of the Board of Directors of the Company on 26 October 2016 To consider, approve and take on record the Unaudited Financial Results of the Company along with the Limited Review Report for the 2nd quarter ended September 30, 2016 (Q2).

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Lloyds Metals & Energy to hold board meeting
Oct 18,2016

Lloyds Metals & Energy will hold a meeting of the Board of Directors of the Company on 24 October 2016.

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Century Enka to hold board meeting
Oct 18,2016

Century Enka will hold a meeting of the Board of Directors of the Company on 1 November 2016.

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Bombay Burmah Trading Corporation to hold board meeting
Oct 18,2016

Bombay Burmah Trading Corporation will hold a meeting of the Board of Directors of the Company on 8 November 2016 to consider and approve the unaudited financial results of the Corporation for the second quarter/ half year ended September 30, 2016.

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SKM Egg Products Export (India) to hold board meeting
Oct 18,2016

SKM Egg Products Export (India) will hold a meeting of the Board of Directors of the Company on 26 October 2016.

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Munjal Showa to hold board meeting
Oct 18,2016

Munjal Showa will hold a meeting of the Board of Directors of the Company on 26 October 2016.

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L&T Finance Holdings to hold board meeting
Oct 18,2016

L&T Finance Holdings will hold a meeting of the Board of Directors of the Company on 22 October 2016.

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MPS to hold board meeting
Oct 18,2016

MPS will hold a meeting of the Board of Directors of the Company on 25 October 2016 to consider and approve Un-Audited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2016.

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Jumbo Bag to hold board meeting
Oct 18,2016

Jumbo Bag will hold a meeting of the Board of Directors of the Company on 4 November 2016 to consider and to take on record the Unaudited Results for the Quarter ended September 30, 2016.

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UPL to hold board meeting
Oct 18,2016

UPL will hold a meeting of the Board of Directors of the Company on 28 October 2016 to consider and take on record the Unaudited Financial Results of the Company for the quarter ended September 30, 2016 (Q2).

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Sarla Performance Fibers to hold board meeting
Oct 18,2016

Sarla Performance Fibers will hold a meeting of the Board of Directors of the Company on 27 October 2016 for taking on record the un-audited financial results for the 2nd quarter and half year ended September 30, 2016.

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Ramgopal Polytex to hold board meeting
Oct 18,2016

Ramgopal Polytex will hold a meeting of the Board of Directors of the Company on 26 October 2016 to consider and take on record the Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2016.

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