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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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Golden Tobacco receives favourable order from Income Tax Appellate Tribunal
Apr 24,2017

Golden Tobacco announced that the Income Tax Appellate Tribunal (ITAT) Mumbai in its order dated 11 April 2017 quashed the penalties of Rs. 80.71 crore in respect of assessment year 1984-85 to 1986-87.

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Religare Enterprises announces resignation of nominee director
Apr 24,2017

Religare Enterprises announced that Monish Kant Dutt, Nominee Director of International Finance Corporation (IFC) has tendered his resignation from the directorship of the Company with effect from 24 April 2017.

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PNC Infratech provides update on road project in Rajasthan
Apr 24,2017

PNC Infratech announced the receipt of letter dated 21 April 2017 from National Highways Authority of India regarding the achievement of Financial Closure on 03 April 2017 for the project four laning / two laning with paved shoulders from 0.00 km to 83.453 km of Dausa-Lalsot-Kauthun section of NH-11 A (Extension) in the state of Rajasthan under NHDP IV, on Hybrid Annuity Model. This Project is being implemented by PNC Rajasthan Highways, Special Purpose Vehicle incorporated by the Company.

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S H Kelkar & Company provides update on step down subsidiary - Keva Chemicals
Apr 24,2017

S H Kelkar & Company announced that its step down subsidiary - Keva Chemicals has executed with Tanishka Fragrance Encapsulation Technologies, a technology transfer agreement for acquisition of Fragrance Encapsulation Technology and a licensing agreement for use of licensed technology.

The consideration paid towards acquisition under these agreements including the assets purchased from TFET LLP is Rs 1 crore + an amount payable at the end of 5 years, equivalent to a portion of the revenue of KCPL that would be generated in FET sales using FET.

As a part of the transaction, KCPL has also contributed Rs 2 crore to the capital of TFET LLP on 24 April 2017, thus has become a majority capital contributing partner in TFET LLP.

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Commex Technology announced change in compliance officer
Apr 24,2017

Commex Technology has appointed Jayant Mitra as Compliance Officer with effect from 01 April 2017 in place of Ajay Raut.

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Parrys Sugar Industries gets NCLT approval for scheme of amalgamation
Apr 24,2017

Parrys Sugar Industries announced that the National Company Law Tribunal (NCLT), Bengaluru and NCLT Chennai vide their respective Orders dated 21 April 2017, have approved the Scheme of Amalgamation of the Company with E.I.D.- Parry (India ). The Scheme with appointed date of 01 April 2016 will be effective upon filing of the Certified True Copy of the Order of NCLT with the respective Registrar of Companies

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Government Printing Press to be upgraded at a cost of Rs.338 crore
Apr 24,2017

Modernisation and redevelopment of Government of India Printing Press at Minto Road in New Delhi will be taken up at a cost of Rs.338.56 cr.

Minister of Urban Development Shri M.Venkaiah Naidu has accepted the recommendation of the Standing Finance Committee in this regard.

The present building of the Press will be redeveloped at a cost of Rs.238.56 cr into three blocks of Ground plus six floors suitable to locate the modern technology and equipment to be installed at a cost of Rs.100 cr.

At present, the machines and equipment being used are of 1980-2005 vintage and some of them installed as early as in 1968, resulting in high cost of production, demand for printing not being met in time besides non-availability of spare parts requiring their refabrication.

With redevelopment and modernisation, the production capacity of the Government of India Printing Press at Minto Road in the national capital will increase from the present 16 lakh pages per day (60 cr pages per year)of A-5 size to 45 lakh pages per day (164.96 cr pages per year) marking an increase of 177% in production capacity. Multi-colour printing, which is not available presently will be made available.

This Government Printing Press meets all printing needs of both the Houses of Parliament including day to day Parliamentary proceedings, Question Lists, Bills, Acts, Synopsis, Reports, Debates, Whos Who, Parliamentary Committee reports besides the needs of Cabinet Secretariat and various Ministries and Departments of central government. Due to lack of multi-colour printing facility at present, such work as in the case of printing of Annual Reports of various ministries and departments is being outsourced.

The entire redevelopment and modernisation work would be completed in 52 months from now.

From the available land of 22,017 sq.mtres, about 1.50 acres would be transferred to the Ministry of Finance for construction of building for Controller General of Accounts and Public Finance Management System (PFMS).

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Wendt India to pay dividend
Apr 24,2017

Wendt India announced that dividend will paid on 01 August 2017, if approved at the AGM to be held on 24 July 2017.

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Bank of Maharashtra to hold board meeting
Apr 24,2017

Bank of Maharashtra will hold a meeting of the Board of Directors of the Company on 4 May 2017, to consider and approve the Audited Financial Results of the Bank for the quarter/ year ended 31st March, 2017 and to recommend dividend for the year 2016-17.

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Rupee recovers
Apr 24,2017

Rupee recovered to close higher at 64.4550/4600 per dollar on Monday (24 April 2017), versus its previous close of 64.6475/6525 per dollar thanks to increased selling of the American currency by exporters and banks amid a higher domestic equity market.

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Board of Indiabulls Housing Finance recommends dividend
Apr 24,2017

Indiabulls Housing Finance announced that the Board of Directors of the Company at its meeting held on 24 April 2017, inter alia, have recommended the dividend of Rs 9 per equity Share (i.e. 450%) , subject to the approval of the shareholders.

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Board of Southern Online Bio Technologies approves change in company secretary
Apr 24,2017

Southern Online Bio Technologies announced that the Board of Directors at its meeting held on 24 April 2017 has approved the following -

Resignation of D Manoranjani as Company Secretary & Compliance Officer.

Appointment of Ankita Damani as Company Secretary & Compliance Officer.

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Board of McNally Bharat Engineering Company approves change in company secretary
Apr 24,2017

McNally Bharat Engineering Company announced that Dibakar Chatterjee has tendered his resignation from his post as the Company Secretary of the Company with effect from 24 April 2017. The Board of Directors of the Company at their meeting held on 24 April 2017, has appointed Indranil Mitra as the Company Secretary & the Compliance Officer of the Company with effect from 24 April 2017.

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UltraTech Cement consolidated net profit declines 11.27% in the March 2017 quarter
Apr 24,2017

Net profit of UltraTech Cement declined 11.27% to Rs 725.88 crore in the quarter ended March 2017 as against Rs 818.09 crore during the previous quarter ended March 2016. Sales rose 2.95% to Rs 7019.81 crore in the quarter ended March 2017 as against Rs 6818.71 crore during the previous quarter ended March 2016.

For the full year,net profit rose 9.56% to Rs 2714.90 crore in the year ended March 2017 as against Rs 2478.02 crore during the previous year ended March 2016. Sales rose 0.88% to Rs 25374.94 crore in the year ended March 2017 as against Rs 25153.24 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales7019.816818.71 3 25374.9425153.24 1 OPM %19.0321.47 -20.5419.48 - PBDT1409.941476.09 -4 5220.474798.48 9 PBT1054.411097.21 -4 3872.063421.31 13 NP725.88818.09 -11 2714.902478.02 10

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Board of TTK Prestige recommends dividend
Apr 24,2017

TTK Prestige announced that the Board of Directors of the Company at its meeting held on 24 April 2017, inter alia, have recommended the dividend of Rs 15 per equity Share (i.e. 150%) , subject to the approval of the shareholders.

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