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Shrenuj & Company to hold AGM
Apr 05,2017

Shrenuj & Company announced that the th Annual General Meeting(AGM) of the company on 24 April 2017.

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Container Corporation of India provides performance update
Apr 05,2017

Container Corporation of India announced that it has loaded approx. 36 million tons of traffic in 2016-17, registering a growth of 7.8% over 33.39 million tons in 2015-16.

There has been a growth of 9.2% in EXIM from 27.28 mt to 29.8 mt and growth of 1.5% in Domestic from 6.11 mt to 6.20 mt. The growth is primarily due to various initiatives taken by CONCOR viz reduction in dwell time at JNPT, time tabled trains and strategic ties with ports and private terminal operators.

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IFCI gets revision in credit ratings
Apr 05,2017

IFCI announced that Brickwork Ratings India has revised the ratings of the Companys borrowings as under -

Long term debt instruments - BWR A+ (Revised from BWR AA-)

The outlook on these long term ratings have been revised from Stable to Negative.

The ratings for long term structured debt instruments has been reaffirmed at BWR AA+(SO) with Stable outlook.

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K E C International secures new orders
Apr 05,2017

K E C International has secured new orders worth Rs 1781 crore. The orders were receives under the following segments -

Transmission & distribution business - Rs 1702 crore
Cable & solar business - Rs 79 crore

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Dr Reddys Laboratories intimates of completion of USFDA inspection
Apr 05,2017

Dr Reddys Laboratories announced that the audit of its API manufacturing plant at Srikakulam, Andhra Pradesh by the US FDA, has been completed on 04 April 2017. The Company has been issued a Form 483 with 2 observations.

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Premier Explosives to set up unit to manufacture solid propellant
Apr 05,2017

Premier Explosives announced that Andhra Pradesh Industrial Infrastructure Corporation (APIIC) is provisionally willing to offer 202 acres of land at Routhsurmala village in Chittoor district of Andhra Pradesh for establishing a unit to manufacture Solid Propellant. The company has accepted the offer and will take necessary steps required for firm allotment of land and setting up the said unit.

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Flexituff International announces resignation of director
Apr 05,2017

Flexituff International announced that Ritesh Pandey, Non-Executive Non-Independent Director (Representative of TPG Growth II SF) of the Company, has tendered his resignation.

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NIIT Technologies receives part payment of Rs 41.9 cr
Apr 05,2017

NIIT Technologies has received a part payment amounting to Rs 41.9 crore under a settlement agreement. This will result in a revenue recognition of Rs 27.1 crore for services contracted, and reversal of provisions amounting to Rs 13.15 crore in the financial statement of the Company for FY 2017.

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Shares of Relstruct Buildcon get listed
Apr 05,2017

The equity shares of Relstruct Buildcon (Scrip Code: 540426) are listed effective 05 April 2017 and admitted to dealings on the Exchange in the list of M Group Securities.

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Shares of Shankara Building Products get listed
Apr 05,2017

The equity shares of Shankara Building Products (Scrip Code: 540425) are listed effective 05 April 2017 and admitted to dealings on the Exchange in the list of B Group Securities.

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Tata Teleservices (Maharashtra) gets revision in credit ratings
Apr 04,2017

Tata Teleservices (Maharashtra) announced that CARE has revised the credit ratings of various credit facilities of the Company as under -

Long term bank facilities (Rs 5433 crore) - CARE A-/ Negative (Revised from CARE A)

Bank facilities fund based LT cash credit (Rs 140 crore) - CARE A-/ Negative (Revised from CARE A)

Bank facilities non fund based ST -BG (Rs 1005 crore) - CARE A2+ (Revised from CARE A1)

Bank facilities fund based ST- term loan (Rs 550 crore) - CARE A2+ (Revised from CARE A1)

Bank facilities - proposed (Rs 98 crore) - CARE A-/ Negative / CARE A2+ (Revised from CARE A / CARE A1)

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Foseco India to hold AGM
Apr 04,2017

Foseco India announced that the 60th Annual General Meeting(AGM) of the company on 27 April 2017.

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Ashok Leyland announces sales figures
Apr 04,2017

Ashok Leyland has reported total sales of 18,682 units in March 2017 compared to 16,702 units in March 2016, recording a growth of 12%. For the period, April - March 2017, total sales stood higher by 3% at 145,066 units compared to corresponding period of previous year.

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Mahindra & Mahindra provides update on BS III vehicles inventory
Apr 04,2017

Mahindra & Mahindra announced that the total inventory of BS-III Vehicles that the Company had before the Supreme Court verdict was worth little over Rs.2,000 crore and the Company has been able to remove more than half of it at a discount of upto 15%. The Company and industry has incurred a loss because of the heavily discounted sale that it had to do on 30 March and 31 March 2017.

The Company still has an inventory of approximately 18,000 BS-III vehicles (two wheelers to trucks). The Company may be able to export some of these vehicles which will not incur much of a cost; and convert some of these vehicles to BS-IV, which will have a cost of as little as Rs.3,000-4,000 for some of the Small Commercial Vehicles to as much as Rs.2,00,000 for HCVs. Some of the vehicles can neither be exported nor converted to BS-IV.

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Elantas Beck India to hold AGM
Apr 04,2017

Elantas Beck India announced that the th Annual General Meeting(AGM) of the company on 10 May 2017.

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