My Application Form Status

Check the status of your application form with Angel Broking.
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

Powered by Capital Market - Live News

Tamil Nadu becomes 21st State to join UDAY
Jan 09,2017

Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Shri Piyush Goyal presided over the signing of the Memorandum of Understanding (MOU) under the Ujwal DISCOM Assurance Yojana (UDAY) Scheme with the Government of Tamil Nadu and its Discom TANGEDCO, for operational and financial turnaround of the DISCOM. The signing ceremony was held in the august presence of the Shri P. Thangamani, Minister for Electricity, Prohibition & Excise, Government of Tamil Nadu.

Tamil Nadu would derive an overall net benefit of approximately Rs. 11,000 crores through UDAY, by way of savings in interest cost, reduction in AT&C and transmission losses, interventions in energy efficiency, coal reforms etc. The state also signed 24X7 Power For All document on the occasion. With Tamil Nadu joining the cause, 92% of countrys Discom debt has been covered under UDAY

By signing the MOU under UDAY, the State Government is taking over 75% of debt of Rs. 30,420 crores of TANGEDCO. The scheme also provides for the balance debt to be re-priced or issued as State guaranteed Discom bonds, at coupon rates around 3-4% less than the average existing interest rate. The State would have savings of about Rs.950 cr. in annual interest cost through reduction of debt and through reduced interest rates on the balance debt.

UDAY lays stress on improving operational efficiencies of the DISCOMs. Tamil Nadu and TANGEDCO have committed to bring about operational efficiency through compulsory feeder and distribution transformer metering, consumer indexing & GIS mapping of losses, upgrade/change transformers, meters etc., smart metering of high-end consumers, reduction in transmission losses and increased power supplies in areas with reduced AT&C losses. The reduction in AT&C losses and transmission losses to 13.5% and 3.7% respectively is likely to bring additional revenue of around Rs. 1,601 crores to TANGEDCO.

Demand Side interventions in UDAY such as usage of energy-efficient LED bulbs, agricultural pumps, fans & air-conditioners and efficient industrial equipment through PAT (Perform, Achieve and Trade) would help in reducing peak load, flatten load curve and thus help in reducing energy consumption in Tamil Nadu. The gain is expected to be around Rs. 2,304 crores.

The Central government would also provide incentives to the State Government and the Discom for improving the power infrastructure in the State and for lowering the cost of power. The State would get additional/priority funding through the Central schemes such as Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY), Integrated Power Development Scheme (IPDS), Power Sector Development Fund (PSDF) or such other schemes of the Ministries of Power and New & Renewable Energy, if they meet the operational milestones outlined in the scheme.

The State shall also be supported through additional coal at notified prices and in case of availability through higher capacity utilization, low cost power from NTPC and other CPSUs. Other benefits such as coal swapping, coal rationalization, correction in coal grade slippage, availability of 100% washed coal would help the state to further reduce the cost of power.

The State would gain around Rs. 4,320 crores due to these coal reforms. With the financial turnaround through financial and operational efficiencies, TANGEDCOs rating would improve, which would help in raising cheaper funds for its future capital investment requirement. This is expected to provide interest cost saving of around Rs. 60 crores for TANGEDCO in 3 years.

The ultimate benefit of signing the MOU would go to the people of Tamil Nadu. Higher demand for power from DISCOMs would mean higher Plant Load Factor (PLF) of generating units and therefore, lesser cost per unit of electricity thereby benefitting consumers. Availability of 24x7 power for all would increase the economic activity and improve employment opportunities in the State.

UDAY was launched by the Government of India on 20th November, 2015 to ensure a permanent and sustainable solution to the debt-ridden Distribution utilities to achieve financial stability and growth, now has 21 States in the Club after Tamil Nadu coming on board.

Powered by Capital Market - Live News

Aarey Drugs & Pharmaceuticals to consider December quarter results
Jan 09,2017

Aarey Drugs & Pharmaceuticals announced that the meeting of the Board of Directors of the Company is to be held on 18 January 2017, to consider the unaudited financial results for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Outcome of board meeting of Manaksia Coated Metals & Industries
Jan 09,2017

Manaksia Coated Metals & Industries announced that the Board of Directors of the Company in its meeting held on 09 January 2017, has granted in-principle approval for Incorporation of a Wholly Owned Subsidiary Company in India. Further updates in this regard will be intimated from time to time.

Powered by Capital Market - Live News

D-Link India to consider Q3 and 9M results
Jan 09,2017

D-Link India announced that the Meeting of the Board of Directors of the Company will be held on 21 January 2017, to consider and approve the Unaudited Financial Results for the quarter and nine months ended 31 December 2016.

Powered by Capital Market - Live News

Zee Media Corporation to announce Q3 results
Jan 09,2017

Zee Media Corporation announced that a meeting of the Board of Directors of the Company will be held on 03 February 2017, inter alia, to consider and approve the Un-audited Financial results of the Company for the 3rd quarter of financial year 2016-17 and nine months ended on 31 December 2016.

Powered by Capital Market - Live News

Board of Integrated Proteins to consider December quarter results
Jan 09,2017

Integrated Proteins announced that the Meeting of the Board of Directors of the Company is scheduled to be held on 30 January 2017, to consider and approve the unaudited results for the quarter ended on 31 December 2016.

Powered by Capital Market - Live News

SREI Infrastructure Finance provides update on public issue of NCD of SREI Equipment Finance
Jan 09,2017

SREI Infrastructure Finance announced the public issue of secured redeemable non-convertible debentures of Rs 500 crore by SREI Equipment Finance was fully subscribed. The issue was subscribed by more than 1.12 times till the closure of the issue on 06 January 2017. The issue opened on 03 January 2017. Maximum subscription was received from the retail investors.

Powered by Capital Market - Live News

Rajkumar Forge gets revision in credit ratings for bank facilities
Jan 09,2017

Rajkumar Forge has received revision in credit ratings for bank facilities aggregating Rs 10 crore of the company from CRISIL as under -

Long term ratings - CRISIL BB- (continues on Rating watch with developing implications)

short term ratings - CRISIL A4+ continues on Rating watch with developing implications)

Powered by Capital Market - Live News

Tata Elxsi intimates of adoption of V2X test system by CAICT in China
Jan 09,2017

Tata Elxsi announced the adoption of the V2X test system by CAICT (http://www.caict.ac.cn/english/), a scientific research institute directly under the Ministry of Industry and Information Technology of China. This next generation test system is developed in partnership with Spirent, a global leader in test solutions for automotive networking and communications. It provides a flexible, scalable and comprehensive test environment for testing and performance benchmarking of V2X applications, in various stages of the development cycle, right from early research up to pre-production

Using a combination of Tata Elxsis Patent pending V2X Emulator software and Spirents advanced solutions for GNSS and radio channel simulation, the integrated V2X test bed offers the ability to bring real-world traffic scenarios into the lab and thereby significantly reduces costs and timeassociated with extensive field testing. Various driving scenarios can be emulated under a variety of terrain, Wireless Channel & atmospheric conditions. The V2X test bed which supports both WAVE-DSRC (US, Asia) and ITS-G5 (Europe) standards, offers a comprehensive platform for bothfunctional and performance assessment of V2V and V2I/I2V safety applications, V2X security testing and test report generation.

Tata Elxsi is showcasing the V2X Test System along with an exciting array of other automotive solutions covering integrated e-cockpit, infotainment, ADAS, autonomous vehicle technology and telematics, at itsbooth 6223 at CES 2017, Las Vegas.

Powered by Capital Market - Live News

Voltamp Transformers resumes production at Savli factory
Jan 09,2017

Voltamp Transformers announced that working at the Companys Savli factory situated at Village Vadadala, Jarod-samlaya road, Tal : Savli, Dist: Vadodara, Gujarat has resumed from 07 January 2017 and the production activities at the Companys Savli factory are normal at present.

Powered by Capital Market - Live News

Wires & Fabriks (S.A) announces resignation of company secretary
Jan 09,2017

Wires & Fabriks (S.A) announced that Rahul Harsh, has resigned from the post of Company Secretary cum Compliance Officer of the Company w.e.f. 07 January 2017.

Powered by Capital Market - Live News

Brawn Biotech announces resignation of company secretary
Jan 09,2017

Brawn Biotech announced Amit Bansal, who was designated as Company Secretary as well as Compliance Officer of the Company, has resigned from the services of the Company on effective close of working hours on 09 January 2017.

Powered by Capital Market - Live News

Indo Euro Indchem announces resignation of company secretary
Jan 09,2017

Indo Euro Indchem announced that Anushree Amol Rane, a member of Company Secretaries of India, has resigned from the post of Company Secretary and Compliance Officer. The Company has accepted her resignation and she is relieved from the post of Company Secretary and Compliance Officer w.e.f. 02 January 2017.

Powered by Capital Market - Live News

Max Ventures and Industries to sell 22.51% stake
Jan 09,2017

The Board of Max Ventures and Industries (MaxVIL) on 09 January 2016 made a preferential offer, subject to shareholder approval, to issue common stock to a subsidiary of New York Life Insurance Company. New York Life is the largest mutual life insurance company in the United States and one of the largest life insurers in the world, with more than $500 billion under management.

Subject to MaxVIL shareholder approval, a subsidiary of New York Life Insurance Company will acquire a 22.51% equity stake in MaxVIL at an offer price of Rs. 78 per share aggregating to Rs. 121 crore on a diluted basis and will be entitled to one nominee director to the Board of MaxVIL.

The Board of MaxVIL also proposed an allotment of share warrants to the promoter group equivalent to 4.76% of the post-issue share capital of the Company on a fully diluted basis assuming full conversion of the warrants. These share warrants will be issued at Rs. 78 per warrant aggregating to Rs. 26.9 crore and will be convertible into equivalent equity shares within 18 months, taking the shareholding of the Promoter Group in MaxVIL to around 38.02% on fullydiluted basis.

Powered by Capital Market - Live News

Water level of 91 major reservoirs of the country goes down by Two per cent
Jan 09,2017

The Water storage available in 91 major reservoirs of the country for the week ending on January 05, 2017 was 89.348 BCM, which is 57% of total storage capacity of these reservoirs. This was 126% of the storage of corresponding period of last year and 98% of storage of average of last ten years.

The total storage capacity of these 91 reservoirs is 157.799 BCM which is about 62% of the total storage capacity of 253.388 BCM which is estimated to have been created in the country. 37 Reservoirs out of these 91 have hydropower benefit with installed capacity of more than 60 MW.

REGION WISE STORAGE STATUS:-

NORTHERN REGION

The northern region includes States of Himachal Pradesh, Punjab and Rajasthan. There are 6 reservoirs under CWC monitoring having total live storage capacity of 18.01 BCM. The total live storage available in these reservoirs is 8.1 BCM which is 45% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 53% and average storage of last ten years during corresponding period was 54% of live storage capacity of these reservoirs. Thus, storage during current year is less than the corresponding period of last year and is also less than the average storage of last ten years during the corresponding period.

EASTERN REGION

The Eastern region includes States of Jharkhand, Odisha, West Bengal and Tripura. There are 15 reservoirs under CWC monitoring having total live storage capacity of 18.83 BCM. The total live storage available in these reservoirs is 14.75 BCM which is 78% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 58% and average storage of last ten years during corresponding period was 69% of live storage capacity of these reservoirs. Thus, storage during current year is better than the corresponding period of last year and is also better than the average storage of last ten years during the corresponding period.

WESTERN REGION

The Western region includes States of Gujarat and Maharashtra. There are 27 reservoirs under CWC monitoring having total live storage capacity of 27.07 BCM. The total live storage available in these reservoirs is 18.35 BCM which is 68% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 40% and average storage of last ten years during corresponding period was 64% of live storage capacity of these reservoirs. Thus, storage during current year is better than the storage of last year and is also better than the average storage of last ten years during the corresponding period.

CENTRAL REGION

The Central region includes States of Uttar Pradesh, Uttarakhand, Madhya Pradesh and Chhattisgarh. There are 12 reservoirs under CWC monitoring having total live storage capacity of 42.30 BCM. The total live storage available in these reservoirs is 30.70 BCM which is 73% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 55% and average storage of last ten years during corresponding period was 53% of live storage capacity of these reservoirs. Thus, storage during current year is better than the storage of last year and is also better than the average storage of last ten years during the corresponding period.

SOUTHERN REGION

The Southern region includes States of Andhra Pradesh, Telangana, AP&TG (Two combined projects in both states) Karnataka, Kerala and Tamil Nadu. There are 31 reservoirs under CWC monitoring having total live storage capacity of 51.59 BCM. The total live storage available in these reservoirs is 17.45 BCM which is 34% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 31% and average storage of last ten years during corresponding period was 56% of live storage capacity of these reservoirs. Thus, storage during current year is better than the corresponding period of last year but is less than the average storage of last ten years during the corresponding period.

States having better storage than last year for corresponding period are Punjab, Rajasthan, Jharkhand, Odisha, West Bengal, Gujarat, Maharashtra, Uttar Pradesh, Madhya Pradesh, Chhattisgarh, AP&TG (Two combined projects in both states), Telangana and Karnataka. States having lesser storage than last year for corresponding period are Himachal Pradesh, Tripura, Uttarakhand, Andhra Pradesh, Kerala and Tamil Nadu.

Powered by Capital Market - Live News