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Board of Finolex Industries to consider Q3 and 9M results
Jan 19,2017

Finolex Industries announced that a meeting of the Board of Directors of the Company will be held on 04 February 2017, inter alia, to consider and approve, the unaudited financial results for the quarter and nine months ended 31 December 2016 (Q3).

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Sahyadri Industries to consider December quarter results
Jan 19,2017

Sahyadri Industries announced that the meeting of Board of Directors of the Company will be held on 27 January 2017, inter alia, to consider and approve unaudited Financial Results for the quarter ended 31 December 2016.

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Board of K P R Mill to consider December quarter results
Jan 19,2017

K P R Mill announced that a Meeting of the Board of Directors of the Company is scheduled to be held on 25 January 2017, to consider, amongst other subjects, Un-Audited Financial Results for the Quarter ended 31 December 2016.

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Board of Esha Media Research to consider December quarter results
Jan 19,2017

Esha Media Research announced that a meeting of the Board of Directors of the Company will be held on 10 February 2017, to consider and approve the unaudited financial results of the Company for the quarter ended 31 December 2016.

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Outcome of board meeting of Chpl Industries
Jan 19,2017

Chpl Industries announced that the Board of Directors of the Company at its meeting held on 18 January 2017, have decided the following -

To issue and allot 40,00,000 Equity Shares of Rs.10/- each at a price to be determined in accordance with the pricing formula prescribed under Chapter VII-Preferential issue of SEBI [ICDR] Regulations 2009 for cash to the person belonging to the Promoter and/or Non promoter Category, subject to the approval of Members by way of Postal Ballot;

To alter the main objects of the Company and amend the Memorandum of Association accordingly for change in its main object i.e. the business of undertake development of infrastructure work on build, operate and transfer basis as contracted form the Central Government, various State Governments, Union Territories, cantonments, local authorities, gram panchayats, autonomous bodies, and other Government departments and to develop, construct, run repair, maintain, decorate, improve, remodel, build, operate and manage roads, bridges, highways, railways, waterways, gas lines, airports, docks, ports, jetties, gardens, public places, buildings, and other structures, developments, utilities etc. and to operate and transfer the same to the Government as per agreement and to do all other acts and things as may be necessary from time to time & the business of builders, real estate-developers, contractors, sub-contractors, dealers and by advancing money to and enter into contracts and arrangements of all kinds with builders, tenants, occupiers and others, land development, service apartments ,serviced plots, constructions of residential and commercial premises including business centers and offices, securing lands, private or Government for formation and development of town ships, and to deal in and act as agents for lands, buildings, factories, houses, flats and other residential and commercial plots, and construct/maintain and alter residential, commercial, industrial plots and properties and sale or lease them out by providing with all modern amenities and development thereof and securing capital, funds and raising loans for construction and advancing to other organizations for similar purposes.

Considered and approved the Notice of Postal Ballot for Shifting of Registered office of the Company from the State of Telangana to the State of Gujarat

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Board of Union Quality Plastics forfeit 1,01,500 partly paid equity shares
Jan 19,2017

Union Quality Plastics announced that the Board of Director of the Company at its meeting held on 18 January 2017 have forfeited and cancelled 1,01,500 partly paid up Equity shares from the Equity Share Capital of the company for non receipt of allotment / call money within the stipulated time

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Oil & Natural Gas Corpn to consider Q3 results and 2nd interim dividend
Jan 19,2017

Oil & Natural Gas Corpn announced that a Meeting of the Board of Directors of the Company will be held on 31 January 2017, inter alia, to;

1. To consider and approve the Un-audited Financial Results of the Company for the Third Quarter ended on 31 December 2016 (Q3).

2. To declare second Interim Dividend, if any, for the Financial Year 2016-17

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J L Morison (India) to consider Q3 and 9M results
Jan 19,2017

J L Morison (India) announced that a meeting of the Board of Directors of the Company is scheduled to be held on 31 January 2017, inter alia, to consider and approve the Un-audited Financial Results of the Company for the quarter and nine months ended 31 December 2016.

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International Paper APPM appoints director
Jan 19,2017

International Paper APPM announced that the Board of Directors at the Meeting held on 18 January 2017, appointed William Michael Amick Jr. as Non-Executive Director effective 18 January 2017.

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Board of Shri Dinesh Mills announces Q3 and 9M results
Jan 19,2017

Shri Dinesh Mills announced that a Meeting of the Board of Directors of the Company will be held on 14 February 2017, inter alia, for considering Un-audited Financial Results for the quarter & nine months ended 31 December 2016.

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Tejnaksh Healthcare announces incorporation of subsidiary
Jan 19,2017

Tejnaksh Healthcare has formed subsidiary Tej Vedaant Healthcare in Mumbai, Maharashtra under the provisions of the Companies Act, 2013 vide Certificate of Incorporation issued by the Registrar of companies, Mumbai, Maharashtra.

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Orient Power gains on buzz of possible merger of wind energy assets with IL&FS
Jan 19,2017

Meanwhile, the BSE Sensex was up 26.33 points, or 0.10%, to 27,283.97.

On the BSE, so far 4.12 lakh shares were traded in the counter, compared with average daily volumes of 75,133 shares in the past one quarter. The stock had hit a high of Rs 11 and a low of Rs 10.26 so far during the day.

The stock hit a 52-week high of Rs 15.10 on 2 February 2016. The stock hit a record low of Rs 7.84 on 9 November 2016. The stock had underperformed the market over the past 30 days till 18 January 2017, rising 3.50% compared with the 3.61% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, falling 1.37% as against Sensexs 3.10% decline.

The small-cap company has equity capital of Rs 739.80 crore. Face value per share is Rs 10.

A media report indicated that Infrastructure Leasing and Financial Services (IL&FS) is in advanced talks to merge its wind energy assets with Chennai-based listed Orient Green Power.

The boards of IL&FS and Orient are expected to meet soon and discuss a merger proposal which, if cleared, will help the entity to acquire more wind energy assets. The plan is to consolidate and use stock and cash to acquire assets that will help scale up capacity to over 2,000 megawatts (MW) by financial year 2018, the report said.

On a consolidated basis, Orient Green Power Company reported net profit of Rs 82.88 crore in Q2 September 2016 as against net loss of Rs 21.32 crore in Q2 September 2015. Net sales rose 11.62% to Rs 154.81 crore in Q2 September 2016 over Q2 September 2015.

Orient Green Power Company an independent operator and developer of renewable energy power plants in India. Currently, the companys portfolio includes biomass, biogas, wind energy and small hydroelectric projects at various stages of development.

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Savita Oil Technologies to announce December quarter results
Jan 19,2017

Savita Oil Technologies announced that a meeting of the Board of Directors of the Company is scheduled to be held on 04 February 2017 to consider and take on record Unaudited Financial Results of the Company for the quarter ended 31 December 2016.

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NHPC slips ex-dividend
Jan 19,2017

Meanwhile, the S&P BSE Sensex was up 28.66 points, or 0.11%, to 27,286.30

On the BSE, 3.55 lakh shares were traded in the counter so far, compared with an average volume of 9.51 lakh shares in the past one quarter. The stock hit a high of Rs 28.15 and a low of Rs 27.75 so far during the day.

The stock hit a 52-week high of Rs 30.60 on 12 January 2017. The stock hit a 52-week low of Rs 18.60 on 20 January 2016. The stock had outperformed the market over the past 30 days till 18 January 2017, rising 10.76% compared with the 3.61% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 16.37% as against Sensexs 3.10% decline.

The large-cap company has equity capital of Rs 11070.67 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 6.03% based on the closing price of Rs 28.15 yesterday, 18 January 2017.

On 12 January 2017, NHPCs board of directors had approved interim dividend of Rs 1.70 per share for the year ending 31 March 2017.

Meanwhile, NHPC announced that TLDP-III (4 X 33) 132 megawatts (MW) power station in West Bengal has been completely restored on 18 January 2017 which was under complete shutdown for restoration work of GIS (Line-I Bay). The announcement was made after market hours yesterday, 18 January 2017.

NHPCs net profit rose 27.89% to Rs 1554.66 crore on 19.44% growth in total income to Rs 3389.67 crore in Q2 September 2016 over Q2 September 2015.

NHPC was incorporated in the year 1975 with an objective to plan, promote and organise an integrated and efficient development of hydroelectric power in all aspects. Later on, NHPC expanded its objects to include development of power in all its aspects through conventional and non-conventional sources in India and abroad.

Government of India (GoI) currently holds 74.51% stake in NHPC (as per the shareholding pattern as on 31 December 2016).

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Cyient wins two awards
Jan 19,2017

Cyient has won two prestigious awards from Pratt & Whitney - the Productivity Saving and Cost Avoidance Award and the Supplier Productivity Innovation Award for 2016. It is the forth time that the productivity saving award has been bestowed on Cyient and the sixth time that the company has won the innovation award.

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