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TCS drops on expectations of subdued Q2 earnings
Oct 13,2016

Meanwhile, the S&P BSE Sensex was down 490.82 points or 1.75% at 27,591.52.

On BSE, so far 2.65 lakh shares were traded in the counter as against average daily volume of 1.16 lakh shares in the past one quarter. The stock hit a high of Rs 2,367.85 and a low of Rs 2,323.25 so far during the day. The stock had hit a 52-week low of Rs 2,119 on 29 February 2016. The stock had hit a 52-week high of Rs 2,740 on 16 August 2016. The stock had outperformed the market over the past one month till 10 October 2016, gaining 1.17% compared with 2.48% fall in the Sensex. The scrip had, however, underperformed the market in past one quarter, sliding 1.87% as against Sensexs 3.52% rise.

The large-cap company has equity capital of Rs 197.04 crore. Face value per share is Rs 1.

Media reports suggested that TCS is likely to report 0.2% drop in consolidated net profit in Q2 September 2016 on sequential basis. Analysts expect the company to post 1.47% growth in revenue in Q2 September 2016 over Q1 June 2016. Dollar revenue is expected to increase 1.78% quarter-on-quarter (QoQ) in Q2 September 2016. The slowdown in North American financial services sector is likely to hurt TCS growth in coming quarters, reports suggested.

It may be recalled that TCS had earlier warned of a slowdown in discretionary spending in banking, financial services and insurance (BFSI) vertical by its US clients. Based on data at the end of August 2016, the company had characterized customer outlook as one marked by abundant caution, with some holding back of discretionary spending - particularly in the BFSI vertical in the United States - resulting in a sequential loss of momentum, TCS had said in its earnings update issued on 7 September 2016.

TCS consolidated net profit fell 0.45% to Rs 6318 crore on 3% rise in net sales to Rs 29305 crore in Q1 June 2016 over Q4 March 2016.

TCS is an IT services, consulting and business solutions organization. The company offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services.

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Sunil Hitech Engineers surges after board approves bonus issue
Oct 13,2016

The announcement was made on Tuesday, 11 October 2016. The stock market remained shut on 11 and 12 October 2016 due to holidays.

Meanwhile, the S&P BSE Sensex was down 471.45 points or 1.68% at 27,610.89.

High volumes were witnessed on the counter. On BSE, so far 6.15 lakh shares were traded in the counter as against average daily volume of 1.36 lakh shares in the past one quarter. The stock hit a high of Rs 418.90 so far during the day, which is a record high for the counter. The stock hit a low of Rs 398.40 so far during the day. The stock had hit a 52-week low of Rs 155 on 24 June 2016. The stock had outperformed the market over the past one month till 10 October 2016, gaining 40.24% compared with Sensexs 2.48% fall. The scrip had also outperformed the market in past one quarter, surging 115.67% as against Sensexs 3.52% rise.

The small-cap company has equity capital of Rs 18.90 crore. Face value per share is Rs 10.

The board of directors of the company also approved the issue of 1 crore convertible warrants to the promoters and non-promoters.

Sunil Hitech Engineers net profit rose 8% to Rs 11.89 crore on 6.3% growth in net sales to Rs 443.77 crore in Q1 June 2016 over Q1 June 2015.

Sunil Hitech Engineers is an engineering, procurement & construction (EPC) company.

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M&M gains after Ssangyong forms joint venture with Chinese company
Oct 13,2016

The announcement was made on Wednesday, 12 October 2016. The market remained shut on that day.

Meanwhile, the S&P BSE Sensex was down 300.97 points or 1.07% at 27,777.86.

On BSE, so far 19,883 shares were traded in the counter as against average daily volume of 73,077 shares in the past one quarter. The stock hit a high of Rs 1,384.90 and a low of Rs 1,353.05 so far during the day. The stock had hit a record high of Rs 1,508.80 on 9 August 2016. The stock had hit a 52-week low of Rs 1,092 on 12 February 2016. The stock had underperformed the market over the past one month till 10 October 2016, falling 6.31% compared with Sensexs 2.48% fall. The scrip had also underperformed the market in past one quarter, declining 5.03% as against Sensexs 3.52% rise.

The large-cap company has equity capital of Rs 310.55 crore. Face value per share is Rs 5.

SsangYong Motor Company, a part of Mahindra group announced that as part of its effort to grow in China, the company signed a letter of intent (LOI) with the Shaanxi Automobile Group for a 50:50 joint venture that will establish a local production plant for completely built unit (CBU) vehicle. The joint venture, which will become SsangYongs first overseas production base, in a 50/50 partnership with the Shaanxi Automobile Group, will construct production facilities for CBU vehicles and an engine plant on a site with an area of 1.23 million square meters in the Xian Economic and Technological Development Zone in Xian. The first phase of construction will establish a plant with an annual capacity of 1.5 lakh units per year by the end of 2019 end the second phase will involve an expansion of the facilities to 3 lakh units annually. With a local production facility in China, Ssangyong will gain new growth momentum to become a strong global SUV manufacturer.

Further, SsangYong will establish an automotive cluster with its major suppliers that will also enter the market, to ensure product competitiveness, and start the production of SsangYongs current models and models under development, in the second half of 2019. With the signing of LOI for a joint venture, Ssangyong and Shaanxi will form a team to work on the project and discuss the details for the establishment of a joint venture. Next steps will also involve obtaining the approval from the Ssangyongs board of directors, the government of Shaanxi province and Xian as well as the central government of China.

M&Ms net profit rose 12.4% to Rs 955.21 crore on 12.3% growth in net sales to Rs 10898.08 crore in Q1 June 2016 over Q1 June 2015.

M&M enjoys a leadership position in tractors and utility vehicles in India.

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Granules India inches up after USFDA nod for Ibuprofen tablets
Oct 13,2016

The announcement was made during market hours today, 13 October 2016.

Meanwhile, the S&P BSE Sensex was down 319.08 points or 1.14% at 27,763.26.

On BSE, so far 1.33 lakh shares were traded in the counter as against average daily volume of 1.40 lakh shares in the past one quarter. The stock hit a high of Rs 122 and a low of Rs 120.10 so far during the day. The stock had hit a record high of Rs 164.45 on 1 December 2015. The stock had hit a 52-week low of Rs 101.25 on 12 February 2016. The stock had underperformed the market over the past one month till 10 October 2016, sliding 4.45% compared with 2.48% fall in the Sensex. The scrip had also underperformed the market in past one quarter, declining 15.58% as against Sensexs 3.52% rise.

The small-cap company has equity capital of Rs 21.72 crore. Face value per share is Rs 1.

Granules India said that the United States Food and Drug Administration (USFDA) has approved abbreviated new drug applications (ANDA) for Ibuprofen Tablets USP, 200 mg (OTC) filed by the company. The approved ANDAs is the bioequivalent to the reference listed drug product (RLD), Motrin IB Tablets, 200 mg, of Johnson & Johnson Consumer, Inc.

On a consolidated basis, Granules Indias net profit rose 36.5% to Rs 38.96 crore on 6.6% growth in net sales to Rs 343.50 crore in Q1 June 2016 over Q1 June 2015.

Granules India produces finished dosages, pharmaceutical formulation intermediates and active pharmaceutical ingredients for customers in the regulated and semi-regulated markets.

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Gruh Finance gains after reporting decent Q2 results
Oct 13,2016

The result was announced after market hours on Monday, 10 October 2016. The market remained shut on 11 and 12 October 2016.

Meanwhile, the S&P BSE Sensex was down 270.73 points or 0.96% at 27,811.61.

Huge volumes were witnessed on the counter. On BSE, so far 32.83 lakh shares were traded in the counter as against average daily volume of 42,250 shares in the past one quarter. The stock hit high of Rs 370 so far during the day, which is a record high for the stock. The stock hit a low of Rs 338.10 so far during the day. The stock hit a 52-week low of Rs 226.30 on 18 January 2016. The stock had outperformed the market over the past one month till 10 October 2016, rising 11.69% compared with Sensexs 2.48% fall. The scrip had also outperformed the market in past one quarter, gaining 22.72% as against Sensexs 3.52% rise.

The large-cap company has an equity capital of Rs 72.78 crore. Face value per share is Rs 2.

Gruh Finances net interest margin rose 20% to Rs 234 crore in Q2 September 2016 over Q2 September 2015. Gruh Finances loan portfolio amounted to Rs 12089 crore as at 30 September 2016 as against Rs 9913 crore as at 30 September 2015, registering an increase of 22%. Loan disbursements rose 11% to Rs 1945.13 crore in Q2 September 2016 over Q2 September 2015.

Gruh Finances main business is to provide loans for purchase or construction of residential houses.

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Borosil Glass moves north after investment in subsidiary
Oct 13,2016

The company made the announcement on Wednesday, 12 October 2016. The stock market was closed on that day on account of Muharram.

Meanwhile, the S&P BSE Sensex was down 285.84 points or 1.02% at 27,796.50

On BSE, so far 1,134 shares were traded in the counter as against average daily volume of 1,825 shares in the past one quarter. The stock hit a high of Rs 6,500 and a low of Rs 6,290 so far during the day. The stock had hit a record high of Rs 6,950 on 5 October 2016. The stock had hit a 52-week low of Rs 2,200 on 17 December 2015. The stock had outperformed the market over the past one month till 10 October 2016, surging 43.25% compared with 2.48% fall in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 55.08% as against Sensexs 3.52% rise.

The small-cap company has equity capital of Rs 2.31 crore. Face value per share is Rs 10.

Borosil Glass Works said it has made an investment of Rs one million dirhams, equivalent to approximately Rs 1.82 crore by way of subscription in one additional share of Borosil Afrasia FZE, its wholly owned subsidiary in UAE, Dubai.

Borosil Glass Works net profit jumped 131.9% to Rs 9.88 crore on 29.9% growth in net sales to Rs 52.20 crore in Q1 June 2016 over Q1 June 2015.

Borosil Glass Works manufactures scientific ware items and consumer ware items.

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GAIL (India) gains after govt approves capital grant for pipeline project
Oct 13,2016

The announcement was made after market hours on Monday, 10 October 2016. The market remained shut on 11 and 12 October 2016.

Meanwhile, the S&P BSE Sensex was down 270.41 points or 0.96% at 27,811.93.

On BSE, so far 83,395 shares were traded in the counter as against average daily volume of 1.8 lakh shares in the past one quarter. The stock hit a high of Rs 424.80 so far during the day, which is a 52-week high for the stock. The stock hit a low of Rs 410.50 so far during the day. The stock had hit a 52-week low of Rs 276.45 on 10 November 2015. The stock had outperformed the market over the past one month till 10 October 2016, gaining 6% compared with Sensexs 2.48% fall. The scrip had also outperformed the market in past one quarter, rising 11.49% as against Sensexs 3.52% rise.

The large-cap company has equity capital of Rs 1268.48 crore. Face value per share is Rs 10.

GAIL (India) on Monday, 10 October 2016, announced that it has received intimation from the Ministry of Petroleum and Natural Gas that the Cabinet Committee on Economic Affairs (CCEA) approved 40% capital grant -limited to Rs 5176 crore over 5 years of the estimated capital cost of Rs 12940 crore to GAIL (India) for execution of Jagdishpur-Haldia/Bokaro-Dhamra gas pipeline (JHBDPL) project by 2020.

Separately, the company announced after market hours on Monday, 10 October 2016 that it has initiated a major step towards the construction of the Jagadishpur-Haldia-Bokaro-Dhamra Natural Gas Pipeline (JHBDPL), by approving placement of orders for pipeline laying work of 345 kilometers from Phulpur to Dobhi under phase-IB at an estimated cost of Rs 306 crore under two sections to be executed simultaneously by JSIW Infrastructure Pvt. Ltd. and IL&FS Engineering & Construction Company. Laying works under phase-IB shall commence by the end of October, 2016 and targeted to be completed by December, 2018.

The first phase at a project cost of Rs 3200 crore will cover 755 kilometer to cover Phulpur, Mani, Gorakhpur, Varanasi, Dobhi, Silao, Patna and Barauni spread across various sections. Pipeline construction is already under progress along Gaya-Barauni-Patna section.

The 2,539 kilometer long JHBDPL is scheduled for completion by December 2020 and will connect major cities and towns enroute for commencing piped natural gas to homes across UP, Bihar, Jharkhand, West Bengal and Odisha in addition to supplying feed gas to anchor fertilizer units at Gorakhpur, Barauni and Sindri. The line pipes supplies against orders are expected to commence soon from Jindal Saw Limited, MAN Industries (India), Essar Steel India Limited and Zhongyou BSS (Qinhuangdao) Petro pipe Co. Ltd, China.

GAIL (India)s net profit jumped 244% to Rs 1335.18 crore on 14.6% decline in net sales to Rs 10686.58 crore in Q1 June 2016 over Q1 June 2015.

State-run GAIL (India) is Indias largest natural gas company with a market share of over 80% in natural gas transmission. Apart from natural gas transmission, distribution and processing, GAIL has diversified business interests in LPG transmission, petrochemicals, city gas projects and exploration and production activities. Government of India (GoI) holds 56.11% stake in GAIL (as per shareholding pattern as on 30 June 2016).

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Asian Granito inches up after completing major expansion at step subsidiary
Oct 13,2016

The company made the announcement on Wednesday, 12 October 2016. The stock market was closed on that day on account of Muharram.

Meanwhile, the S&P BSE Sensex was down 263.58 points or 0.94% at 27,818.76.

On BSE, so far 26,000 shares were traded in the counter as against average daily volume of 74,682 shares in the past one quarter. The stock was volatile. The stock rose as much as 1.54% at the days high of Rs 286.50 so far during the day. The stock rose 0.3% at the days low of Rs 283 so far during the day. The stock had hit a record high of Rs 304 on 28 September 2016. The stock had hit a 52-week low of Rs 108.60 on 12 February 2016. The stock had outperformed the market over the past one month till 10 October 2016, gaining 13.13% compared with 2.48% fall in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 35.06% as against Sensexs 3.52% rise.

The small-cap company has equity capital of Rs 30.09 crore. Face value per share is Rs 10.

Asian Granito India (AGIL) acquired Artistique Ceramic in FY 2015-16 through amalgamation scheme which holds 70% in Crystal Ceramics Industries (Crystal Ceramics) through Kediya Ceramics. Total investment in Crystal Ceramics including expansion is around Rs 170 crore. Kamlesh Patel, Chairman and Managing Director of AGIL said that acquisition of Crystal Ceramics was a strategic decision as along with the product range it also enjoyed a natural gas supply arrangement with ONGC which is significantly lower than the prevailing market price. With this expansion production capacity of Crystal Ceramics has reached 27,000 square meters a day, he said. The new plant will be making double charged vitrified tiles in the large format of 800x800 mm and 1000x1000 mm for domestic as well exports, Patel said. AGIL also has the required infrastructure for future expansion at Crystal Ceramics, he added.

On a consolidated basis, Asian Granito Indias net profit rose 112.9% to Rs 6.28 crore on 6.9% growth in net sales to Rs 211.50 crore in Q1 June 2016 over Q1 June 2015.

Asian Granito India is one of the largest ceramic companies in India. The company manufactures and markets interior & infrastructure products like vitrified wall & floor tiles, porcelain, natural marble composite and quartz.

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IL&FS Engineering gains after bagging pipeline laying contract
Oct 13,2016

The announcement was made on Wednesday, 12 October 2016. The stock market was shut on that day.

Meanwhile, the S&P BSE Sensex was down 243.96 points or 0.89% at 27,832.42.

On BSE, so far 59,772 shares were traded in the counter as against average daily volume of 52,476 shares in the past one quarter. The stock hit a high of Rs 58 and a low of Rs 55.60 so far during the day. The stock had hit a 52-week high of Rs 80.75 on 14 October 2015. The stock had hit a 52-week low of Rs 39.15 on 23 May 2016. The stock had underperformed the market over the past one month till 10 October 2016, falling 15.19% compared with Sensexs 2.48% fall. The scrip had, however, outperformed the market in past one quarter, gaining 7.4% as against Sensexs 3.52% rise.

The small-cap company has equity capital of Rs 121.16 crore. Face value per share is Rs 10.

IL&FS Engineering and Construction Company announced that it received the fax of acceptance (FOA) from Gas Authority of India (GAIL) for laying and construction of pipeline along with associated facilities for Phulpur-Haldia pipeline project (phase 1 B) in Bihar. The total length of the 30 inch pipeline is 185.38 kilometers. The total value of the contract is Rs 162.58 crore and is to be mechanically completed in 15 months from the date of FOA and with additional 3 months for drying, commissioning and GAS-IN.

IL&FS Engineering and Construction Company reported a net loss of Rs 67.36 crore in Q1 June 2016, higher than net loss of Rs 60.95 crore in Q1 June 2015. Net sales declined 15.23% to Rs 406.92 crore in Q1 June 2016 over Q1 June 2015.

IL&FS Engineering and Construction Company is into infrastructure development, construction and project management.

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Blue Dart declines after poor Q2 results
Oct 13,2016

The result was announced on Wednesday, 12 October 2016. The stock market was closed on that day on account of Muharram.

Meanwhile, the S&P BSE Sensex was down 276.26 points or 0.98% at 27,806.08.

On BSE, so far 1,025 shares were traded in the counter as against average daily volume of 1,548 shares in the past one quarter. The stock hit a high of Rs 5,505 and a low of Rs 5,360 so far during the day. The stock had hit a 52-week low of Rs 4,911.10 on 29 August 2016. The stock had hit a 52-week high of Rs 7,900 on 23 October 2015. The stock had outperformed the market over the past one month till 10 October 2016, sliding 1.79% compared with 2.48% fall in the Sensex. The scrip had, however, underperformed the market in past one quarter, sliding 6.82% as against Sensexs 3.52% rise.

The large-cap company has equity capital of Rs 23.73 crore. Face value per share is Rs 10.

Blue Dart Express Managing Director Anil Khanna said that despite a restrained macro-economic environment, the company will sustain its efforts to bring immense value to internal and external stakeholders by incorporating high benchmarks and quality standards in every aspect of business.

Blue Dart Express accesses the largest and most comprehensive express and logistics network worldwide, covering over 220 countries and territories and offers an entire spectrum of distribution services including air express, freight forwarding, supply chain solutions and customs clearance.

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KEC International gains after securing new orders
Oct 13,2016

The announcement was made on Wednesday, 12 October 2016. The stock market was shut on Wednesday, 12 October 2016.

Meanwhile, the S&P BSE Sensex was down 227.46 points or 0.81% at 27,854.88.

On BSE, so far 66,355 shares were traded in the counter as against average daily volume of 75,835 shares in the past one quarter. The stock hit a high of Rs 130.15 and a low of Rs 127 so far during the day. The stock had hit a 52-week high of Rs 164.75 on 24 November 2015. The stock had hit a 52-week low of Rs 97.45 on 12 February 2016. The stock had underperformed the market over the past one month till 10 October 2016, falling 4.1% compared with Sensexs 2.48% fall. The scrip had also underperformed the market in past one quarter, declining 13.42% as against Sensexs 3.52% rise.

The mid-cap company has equity capital of Rs 51.42 crore. Face value per share is Rs 2.

KEC International said that its transmission & distribution business secured orders of Rs 859 crore in India, Africa and the Americas. Its cable business secured supply orders of Rs 105 crore. The companys railways business secured an overhead electrification order of Rs 120 crore for sections in the North Western Region. The companys solar business secured orders of Rs 108 crore for providing turnkey engineering, procurement and construction (EPC) solutions for solar power projects with single axis tracker.

KEC Internationals consolidated net profit rose 83.2% to Rs 30.94 crore on 7% fall in net sales to Rs 1727.01 crore in Q1 June 2016 over Q1 June 2015.

KEC International is a global infrastructure engineering, procurement and construction (EPC) major. It has presence in the verticals of power transmission and distribution, cables, railways, water and renewables. It is a RPG group company.

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Cipla moves higher after receiving EIR for Indore facility
Oct 13,2016

The announcement was made on Wednesday, 12 October 2016. The stock market was closed on that day on account of Muharram.

Meanwhile, the S&P BSE Sensex was down 228.69 points or 0.81% at 27,853.65.

On BSE, so far 96,000 shares were traded in the counter as against average daily volume of 2.06 lakh shares in the past one quarter. The stock hit a high of Rs 598.90 and a low of Rs 591 so far during the day. The stock had hit a 52-week high of Rs 704.75 on 29 October 2015. The stock had hit a 52-week low of Rs 458.25 on 25 May 2016. The stock had outperformed the market over the past one month till 10 October 2016, sliding 0.16% compared with 2.48% fall in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 11.7% as against Sensexs 3.52% rise.

The large-cap company has equity capital of Rs 160.84 crore. Face value per share is Rs 2.

On a consolidated basis, Cipla reported 43.7% fall in net profit to Rs 365.24 crore on 6.9% decline in net sales to Rs 3499.81 crore in Q1 June 2016 over Q1 June 2015.

Cipla is a global pharmaceutical company.

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IndusInd Bank gains after reporting good Q2 results
Oct 13,2016

The result was announced on Wednesday, 12 October 2016. The stock market was shut on Wednesday, 12 October 2016.

Meanwhile, the S&P BSE Sensex was down 182.73 points or 0.65% at 27,899.61.

On BSE, so far 30,000 shares were traded in the counter as against average daily volume of 64,992 shares in the past one quarter. The stock hit high of Rs 1,245 and low of Rs 1,227 so far during the day.

The large-cap bank has equity capital of Rs 596.70 crore. Face value per share is Rs 10.

IndusInd Banks gross non-performing assets (NPAs) stood at Rs 899.01 crore as on 30 September 2016 as against Rs 860.64 crore as on 30 June 2016 and Rs 602.10 crore as on 30 September 2015. The ratio of gross NPAs to gross advances stood at 0.9% as on 30 September 2016 as against 0.91% as on 30 June 2016 and 0.77% as on 30 September 2015.

The ratio of net NPAs to net advances stood at 0.37% as on 30 September 2016 as against 0.38% as on 30 June 2016 and 0.31% as on 30 September 2015. The banks provisions and contingencies (excluding tax provisions) rose 35.29% to Rs 213.88 crore in Q2 September 2016 over Q2 September 2015.

IndusInd Bank is a leading private sector bank in India.

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TTML surges after winning spectrum in recent auction
Oct 10,2016

The announcement was made after market hours on Friday, 7 October 2016.

Meanwhile, the S&P BSE Sensex was up 20.62 points or 0.07% at 28,081.76.

On BSE, so far 8.25 lakh shares were traded in the counter as against average daily volume of 3.13 lakh shares in the past one quarter. The stock hit a high of Rs 6.47 and a low of Rs 6.15 so far during the day. The stock had hit a 52-week high of Rs 9.40 on 8 December 2015. The stock had hit a 52-week low of Rs 5.42 on 30 September 2016. The stock had outperformed the market over the past one month till 7 October 2016, advancing 1.17% compared with 2.99% fall in the Sensex. The scrip had, however, underperformed the market in past one quarter, declining 15.97% as against Sensexs 3.16% rise.

The small-cap company has equity capital of Rs 1954.93 crore. Face value per share is Rs 10.

Tata Teleservices (Maharashtra) said it has succeeded in winning 5 MHz spectrum in 1800 MHz band each in Mumbai and Maharashtra service areas with bid values of Rs 2446 crore and Rs 1590 crore respectively, in the recently concluded spectrum auction. The spectrum validity is 20 years and the company has option of deploying technology of its choice in this spectrum. The total upfront payment to be made to Department of Telecommunications by the company is Rs 2018 crore. This is in addition to the current holding of 2.5 MHz each in Mumbai and Maharashtra in 800 MHz band which was acquired in the auction held in March 2015, which also is valid for 20 years.

Tata Teleservices (Maharashtra) reported a net loss of Rs 108.07 crore in Q1 June 2016, higher than net loss of Rs 83.53 crore in Q1 June 2015. Net sales declined 1.6% to Rs 722.97 crore in Q1 June 2016 over Q1 June 2015.

Tata Teleservices (Maharashtra) (TTML) spearheads the Tata groups presence in the telephony sector in the telecom circles of Maharashtra (including Mumbai) and Goa.

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ACC gains after stabilising operations of new cement grinding unit
Oct 10,2016

The announcement was made during market hours today, 10 October 2016.

Meanwhile, the S&P BSE Sensex was up 35.84 points or 0.13% at 28,096.98.

On BSE, so far 14,175 shares were traded in the counter as against average daily volume of 34,521 shares in the past one quarter. The stock hit high of Rs 1,674 and low of Rs 1,619.80 so far during the day.

The large-cap company has equity capital of Rs 187.79 crore. Face value per share is Rs 10.

ACC said that the operations of the new cement grinding unit in Jamul which went into commercial production from 14 September 2016 have also been successfully stabilized. The cement dispatched from this new grinding unit has been well accepted in the market. The company has already completed and commenced commercial production of the new clinkering line at Jamul in July 2016. The cement grinding unit based at Sindri in Jharkhand also forming part of the companys new Jamul project is expected to go on stream in November 2016.

ACCs consolidated net profit rose 79.2% to Rs 239.12 crore on 3.1% fall in net sales to Rs 2869.84 crore in Q2 June 2016 over Q2 June 2015.

ACC is a manufacturer of cement and ready mixed concrete with a countrywide network of factories and sales offices.

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