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SRS Real Infrastructure to hold board meeting
Jul 04,2017

SRS Real Infrastructure will hold a meeting of the Board of Directors of the Company on 12 July 2017 AGM

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Kaya to hold AGM
Jul 04,2017

Kaya announced that the 14th Annual General Meeting(AGM) of the company on 2 August 2017.

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Maximus International to hold board meeting
Jul 04,2017

Maximus International will hold a meeting of the Board of Directors of the Company on 11 July 2017.

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Nalin Lease Finance to hold board meeting
Jul 04,2017

Nalin Lease Finance will hold a meeting of the Board of Directors of the Company on 14 July 2017 to Consider and take on Record the Unaudited Financial Results for the Quarter ended on 30th June, 2017.

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Vinyl Chemicals (I) to hold board meeting
Jul 04,2017

Vinyl Chemicals (I) will hold a meeting of the Board of Directors of the Company on 24 July 2017 Quarterly Results

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Ruchi Soya Industries to hold AGM
Jul 04,2017

Ruchi Soya Industries announced that the th Annual General Meeting(AGM) of the company on 3 July 2017.

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GNA Axles to hold board meeting
Jul 04,2017

GNA Axles will hold a meeting of the Board of Directors of the Company on 19 July 2017 to consider and approve the Un-audited Financial Results of the Company for the Quarter ended 30th June 2017.

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Ganesh Benzoplast to hold board meeting
Jul 04,2017

Ganesh Benzoplast will hold a meeting of the Board of Directors of the Company on 12 July 2017 To do discussion on setting up a LPG (Liquefied Petroleum Gas) terminal by the Company at its Goa Terminal.

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VR Woodart to hold board meeting
Jul 04,2017

VR Woodart will hold a meeting of the Board of Directors of the Company on 4 July 2017.

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Welspun Enterprises jumps after clarification
Jul 04,2017

Meanwhile, the S&P BSE Sensex was up 67.24 points, or 0.22% to 31,288.86.

On the BSE, 1.77 lakh shares were traded in the counter so far, compared with average daily volumes of 3.59 lakh shares in the past one quarter. The stock had hit a high of Rs 114.50 and a low of Rs 109 so far during the day. The stock hit a 52-week high of Rs 122.25 on 28 June 2017. The stock hit a 52-week low of Rs 54 on 22 November 2016.

The stock had outperformed the market over the past one month till 3 July 2017, rising 16.07% compared with 0.17% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 24.51% as against Sensexs 4.38% rise. The scrip had also outperformed the market in past one year, rising 83.31% as against Sensexs 14.45% rise.

The small-cap company has equity capital of Rs 147.29 crore. Face value per share is Rs 10.

Media reports on 3 July 2017 suggested that IT department conducted raids at Welspun Groups Mumbai office since Friday, 30 July 2017.

In its clarification, Welspun Enterprises confirmed during trading hours today, 4 July 2017, that a search under section 132 of the Income Tax Act, 1961 was conducted by income tax authorities at various locations of Welspun Group from 30 June 2017 to 3 July 2017. Welspun extended its full co-operation to the authorities. As the search was in progress, it could not inform the bourses earlier. No material findings have come to the companys notice.

Net profit of Welspun Enterprises rose 276.06% to Rs 17.75 crore on 148.51% rise in net sales to Rs 181.49 crore in Q4 March 2017 over Q4 March 2016.

Welspun Enterprises, formerly Welspun Projects, part of the Welspun Group, is an operating company in the infrastructure business. The company also has investments in oil & gas exploration.

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Power Mech Projects advances after securing orders
Jul 04,2017

The announcement was made during market hours today, 4 July 2017.

On the BSE, 6,055 shares were traded on the counter so far as against the average daily volumes of 13,000 shares in the past two weeks. The stock had hit a high of Rs 611 and a low of Rs 585.50 so far during the day. The stock had hit a 52-week high of Rs 624.50 on 10 May 2017 and a 52-week low of Rs 389.95 on 10 March 2017.

The stock had underperformed the market over the past one month till 3 July 2017, sliding 0.81% compared with the Sensexs 0.17% fall. The scrip had, however, outperformed the market over the past one quarter advancing 6.21% as against the Sensexs 4.38% rise. The scrip had, however, underperformed the market over the past one year advancing 6.92% as against the Sensexs 15.02% rise.

The small-cap company has equity capital of Rs 14.71 crore. Face value per share is Rs 10.

Power Mech Projects said that its subsidiaries/ joint ventures (JVs) of the company have received a letter of intent/work orders worth Rs 624 crore.

GTA Power Mech Nigeria, 50% joint venture of Power Mech Projects has received an order for composite work tender unit - v for Dangote Oil Refining Company, Lagos, Nigeria for a total contract worth Rs 491 crore.

Mas Power Mech Arabia LLC, 51% subsidiary of Power Mech Projects has received an order for installation works of HRSG, CENTER LINE for 1800MW ALBA PS5 CCPP, Kingdom of Bahrain, for a total contract price of approximately worth around Rs 133 crore.

Power Mech Projects net profit fell 18.6% to Rs 16 crore on 11.5% decrease in net sales to Rs 343.90 crore in Q4 March 2017 over Q4 March 2016.

Power Mech Projects operates as an engineering and construction company, which provides erection, testing and commissioning (ETC), civil and operation and maintenance services for power projects.

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Ministry of Railways sanctioned New BG line between Jeypore & Navarangpur in Odisha
Jul 04,2017

As per the announcement of Budget 2016-17, Ministry of Railways sanctioned New BG line between Jeypore & Navarangpur  in Odisha. The length of the new BG line is 38 Kms. The cost of the project is 747.91 Crores. The project will be completed in 3 years. The project shall be implemented on Cost-sharing basis (50% by Ministry of Railways under GBS and 50% by State Govt. of Odisha)

The Project is important for connecting Navarangpur District of Western Odisha, with Jeypore, an existing Station on Kottavalasa- Kirandul line. This line will provide connectivity to important towns viz. Koraput, Jeypore, Jagdalpur, Dantewada. Further, the line is useful for connecting Navarangpur to Junagarh/Kalahandi District and result in short lead to many other places of Odisha, Chhattisgarh & Andhra Pradesh.

Further,  State Govt. of Odisha will be bearing entire cost of land and 50%   of the construction cost of the project.

The salient features of new BG line is as under:

Construction of New Broad Gauge Railway Line between Jeypore & Navarangpur (38 Km)

Name of the Project

New B.G. Railway Line between Jeypore & Navarangpur.

Length

38 Km

Cost

Rs 747.91 Crores.

Completion Cost

Rs 791.47 crore

Completion Period

3 years

Mode of funding

Cost-sharing basis (50% by Ministry of Railways under GBS and 50% by State Govt. of Odisha)

States/Districts served

Odisha / Koraput and Navarangpur

Background

The Project is important for connecting Navarangpur District of Western Odisha, with Jeypore, an existing Station on Kottavalasa- Kirandul line. This line will provide connectivity to important towns viz. Koraput, Jeypore, Jagdalpur, Dantewada. Further, the line is useful for connecting Navarangpur to Junagarh/Kalahanidi District and result in short lead to many other places of Odisha, Chhattisgarh & Andhra Pradesh.

Further,  State Govt. of Odisha will be bearing entire cost of land and 50%  of the construction cost of the project.

Outcome

Once implemented, this important rail line will connect Navarangpur District of Western Odisha, not connected with railway line, with Jeypore, the existing station on Kottavalasa- Kirandul line, thus connecting other important towns viz. Koraput, Jeypore, Jagdalpur, Dantewada.  This line will also connect Navarangpur with Junagarh/Kalahandi District and result in short lead to many other places of Odisha, Chhattisgarh & Andhra Pradesh.  Besides freight  traffic viz. Maize, Rice, fertilizer, cement, wheat, POL etc. is expected from various villages en-route.

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Hero MotoCorp decelerates after bulk deal
Jul 04,2017

Meanwhile, the S&P BSE Sensex was up 48.92 points, or 0.16% to 31,270.54

Bulk deal boosted volume on the scrip. On the BSE, 20.53 lakh shares were traded in the counter so far, compared with average daily volumes of 21,088 shares in the past one quarter. The stock had hit a high of Rs 3,800 and a low of Rs 3,685 so far during the day. The stock hit a record high of Rs 3,880.85 on 5 June 2017. The stock hit a 52-week low of Rs 2,844.40 on 17 November 2016.

The large-cap two-wheeler major has equity capital of Rs 39.94 crore. Face value per share is Rs 2.

Shares of Hero MotoCorp rose 2.17% to settle at Rs 3,777 yesterday, 3 July 2017 after the company reported 14% rise in sales to 6.24 lakh units in June 2017 over June 2016. Hero MotoCorp has clocked such robust volumes in the month of June on account of strong growth in both motorcycles and scooters.

The company has passed on the benefit of GST to its customers with a reduction in the prices of models across its product portfolio in most of the states from 1 July 2017, Hero MotoCorp said. The quantum of reduction ranges from Rs 400 to Rs 1800 on mass-selling models. The actual benefit varies from state to state, depending on the pre and post-GST rates. Some of the premium segment models see a reduction of up to Rs 4000 in certain markets. In one or two states, such as Haryana, where the pre-GST rates were lower than the post-GST rate, the prices of a few models have gone up marginally, the company said.

Hero MotoCorps net profit fell 13.87% to Rs 717.75 crore on 7.86% decline in net sales to Rs 6915.20 crore in Q4 March 2017 over Q4 March 2016.

Hero MotoCorp is the worlds largest manufacturer of two-wheelers.

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Exide Industries to hold board meeting
Jul 04,2017

Exide Industries will hold a meeting of the Board of Directors of the Company on 27 July 2017 to consider and approve the unaudited financial results of the Company for the quarter ended 30th June, 2017.

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ABB India to hold board meeting
Jul 04,2017

ABB India will hold a meeting of the Board of Directors of the Company on 20 July 2017.

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