My Application Form Status

Check the status of your application form with Angel Broking.
  • Companies
  • Everything else
Search
Water level of 91 major reservoirs of the country goes up; reaches 67% of total storage capacity
Sep 02,2016

The water storage available in 91 major reservoirs of the country for the week ending on September, 01 2016 was 105.248 BCM, which is 67% of total storage capacity of these reservoirs. This was 114% of the storage of corresponding period of last year and 99% 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 six reservoirs under CWC monitoring having total live storage capacity of 18.01 BCM. The total live storage available in these reservoirs is 13.91 BCM which is 77% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 92% and average storage of last ten years during corresponding period was 79% 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 12.49 BCM which is 66% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 57% and average storage of last ten years during corresponding period was 61% 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 20.03 BCM which is 74% 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 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 35.94 BCM which is 85% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 76% and average storage of last ten years during corresponding period was 62% 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 22.88 BCM which is 44% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 34% 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 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, Maharashtra, Uttar Pradesh, Madhya Pradesh, Chhattisgarh, AP&TG (Two combined project in both states), Andhra Pradesh, Telangana and Karnataka. States having equal storage than last year for corresponding period is Kerala. States having lesser storage than last year for corresponding period are Himachal Pradesh, Gujarat, Tripura, Uttarakhand and Tamil Nadu.

Powered by Capital Market - Live News

Coal India drops after announcing production and offtake data for August
Sep 02,2016

The company announced the monthly coal production and offtake performance after market hours yesterday, 1 September 2016.

Meanwhile, the S&P BSE Sensex was up 52.31 points or 0.18% at 28,475.79

On BSE, so far 2.92 lakh shares were traded in the counter as against average daily volume of 4.02 lakh shares in the past one quarter. The stock hit a high of Rs 341 and a low of Rs 331.60 so far during the day. The stock had hit a 52-week low of Rs 272.05 on 12 April 2016. The stock had hit a 52-week high of Rs 359.30 on 2 September 2015. The stock had outperformed the market over the past 30 days till 1 September 2016, rising 3.63% compared with 2.62% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 9.42% as against Sensexs 5.89% rise.

The large-cap company has equity capital of Rs 6316.36 crore. Face value per share is Rs 10.

Coal India and its subsidiaries on a provisional basis achieved 79% of targeted coal production at 32.43 million tonnes in August 2016. Coal India and its subsidiaries on a provisional basis achieved 83% of targeted offtake at 36.72 million tonnes in August 2016.

Coal India will declare its Q1 result on 9 September 2016. The companys consolidated net profit rose 0.22% to Rs 4247.92 crore on 0.71% decline in total income to Rs 22904.36 crore in Q4 March 2016 over Q4 March 2015.

State-run Coal India is Indias biggest coal miner. The Government of India currently holds 79.65% stake in Coal India (as per the shareholding pattern as on 30 June 2016).

Powered by Capital Market - Live News

Bloom Dekor to hold AGM
Sep 02,2016

Bloom Dekor announced that the 25th Annual General Meeting (AGM) of the company will be held on 23 September 2016.

Powered by Capital Market - Live News

Asian Star Company to hold AGM
Sep 02,2016

Asian Star Company announced that the 22nd Annual General Meeting (AGM) of the company will be held on 27 September 2016.

Powered by Capital Market - Live News

Surabhi Chemicals & Investments to hold AGM
Sep 02,2016

Surabhi Chemicals & Investments announced that the 31st Annual General Meeting (AGM) of the company will be held on 27 September 2016.

Powered by Capital Market - Live News

Titan Biotech to hold AGM
Sep 02,2016

Titan Biotech announced that the 24th Annual General Meeting (AGM) of the company will be held on 30 September 2016.

Powered by Capital Market - Live News

Ecoboard Industries to hold AGM
Sep 02,2016

Ecoboard Industries announced that the 25th Annual General Meeting (AGM) of the company will be held on 26 September 2016.

Powered by Capital Market - Live News

Shree Metalloys to hold AGM
Sep 02,2016

Shree Metalloys announced that the Annual General Meeting (AGM) of the company will be held on 27 September 2016.

Powered by Capital Market - Live News

Sportking India to hold AGM
Sep 02,2016

Sportking India announced that the 27th Annual General Meeting (AGM) of the company will be held on 30 September 2016.

Powered by Capital Market - Live News

Alpine Housing Development Corpn to hold AGM
Sep 02,2016

Alpine Housing Development Corpn announced that the 23rd Annual General Meeting (AGM) of the company will be held on 29 September 2016.

Powered by Capital Market - Live News

OK Play India to hold AGM
Sep 02,2016

OK Play India announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

Powered by Capital Market - Live News

Master Chemicals to hold AGM
Sep 02,2016

Master Chemicals announced that the 36th Annual General Meeting (AGM) of the company will be held on 29 September 2016.

Powered by Capital Market - Live News

Vaksons Automobiles to hold AGM
Sep 02,2016

Vaksons Automobiles announced that the 13th Annual General Meeting (AGM) of the company will be held on 30 September 2016.

Powered by Capital Market - Live News

CCI Penalty on Cement Players Credit Neutral
Sep 02,2016

The Competition Commission of Indias (CCI) penalty of INR67bn on 11 cement companies amounts to 20%-75% of the players FY16 operating profits, however the move is credit neutral on these players due to their low leverage levels, says India Ratings and Research (Ind-Ra). Most of the companies (eight out of 11) maintain a low leverage and thus will be in a position to absorb the burden, in the event the penalty has to be paid. The penalty however will put pressure on the credit metrics for companies with relatively high levels of leverage.

The CCI in its order dated 31st August 2016, imposed a penalty of INR67bn on 11 cement companies. The companies named may consider approaching the Competition Appellate Tribunal against the order. The order pertains to the potential price collusion during the period May 2009 to March 2011. Maintaining high prices in the face of declining capacity utilisation has over the past few years allowed cement companies to contain decline in profits. In the event the penalty is to be paid, Ind-Ra believes it will not affect the credit rating Ind-Ra rated Ultratech Cement (UCL, IND AAA/Stable).

As per the CCI order, among the large cement companiesn++ACC Ltd (INR11.5bn), Ambuja Cements Ltd (INR11.6bn), UCL (INR11.8bn) and Jaiprakash Associates (JAL,INR13.2bn) contribute to bulk of the penalties. The amount of penalty to be paid by the companies is substantial in comparison to their EBITDA. In addition UCL has entered into an agreement with Jaiprakash Associates to acquire its cement assets (capacity of 21.2mt including 4.1mtpa grinding capacity under construction) for a consideration of INR162bn The amount of penalty for the companies named in the order as a percent of their EBITDA in FY16 works out in the range of 20%-75%. The amount of penalty as a percent of EBITDA for UCL is 24%. Ind-Ra notes that the penalty will be rating neutral for UCL, given their low leverage of 1.2x (total adjusted debt net of cash/EBITDA). UCL has cash and cash equivalents of INR42.9bn at the end of FY16. Of the remaining 10 companies most of them have low leverage (with the exception of three companies) and Ind-Ra believes that the penalty will not impact their credit profile.

The cement industry in India is unique, with around 60% of the industrys total capacity being controlled with the top eight players. The rest of the industry is highly fragmented, with small- to medium-sized companies, mostly with uneconomical size of operations. To the extent regulatory intervention limits coordinated supplier actions with respect to price and quantity, smaller firms (single or multiple plants with high geographic concentration) with uneconomic cost structures will become uncompetitive and face significant deterioration in their credit profiles. As such, the level of fragmentation in the industry is expected to reduce and larger and vertically integrated companies are likely to gain market share. Globally, most markets have witnessed significant consolidation and this move by CCI may in turn help the Indian cement industry in correcting the structural imbalances present.

Ind-Ra maintains a stable outlook for cement manufacturers for FY17 and expects the cement industry to grow in the range of 4%-6% during FY17. Ind-Ra expects capex in the sector to be muted which will lead to higher utilisation rates in the short term. The sector also currently faces headwinds on cost inflation - pet coke prices have moved up to USD75/ton from USD48/ton in March 2016. A favourable monsoon after two consecutive bad years, can give a leg up to rural demand, and governments initiatives (such as Housing for All and the thrust on infrastructure activities) are expected to improve overall cement demand with a lag and show signs after FY17.

CCI imposed a penalty of 0.5x of net profit of cement companies for 2009-10 (from May 20, 2009) and 2010-11 in case of 11 cement companies amounting to INR67 bn and INR7.3m on Cement Manufacturers Association.

Powered by Capital Market - Live News

Tata Motors gains after reporting monthly sales volume data
Sep 02,2016

The announcement was made after market hours yesterday, 1 September 2016.

Meanwhile, the BSE Sensex was up 31.45 points, or 0.11%, to 28,454.93.

On BSE, so far 3.86 lakh shares were traded in the counter, compared with average daily volume of 9.16 lakh shares in the past one quarter. The stock hit a high of Rs 555.50 and a low of Rs 549.70 so far during the day. The stock hit a 52-week high of Rs 548.15 on 31 August 2016. The stock hit a 52-week low of Rs 266 on 11 February 2016. The stock had outperformed the market over the past 30 days till 1 September 2016, rising 13.46% compared with 2.62% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 19.77% as against Sensexs 5.89% rise.

The large-cap company has equity capital of Rs 577.44 crore. Face value per share is Rs 2.

Tata Motorss domestic sales of Tata commercial and passenger vehicles rose 3% to 36,466 units in August 2016 over August 2015. Tata Motors passenger vehicles sales in the domestic market rose 16% to 13,002 units in August 2016 over August 2015. Sales of passenger cars rose 17% at 11,435 units in August 2016 over August 2015, due to strong demand for the recently launched Tiago.

The overall commercial vehicles sales in the domestic market fell 3% to 23,464 units in August 2016 over August 2015. Sales of Tata Motors light commercial vehicles in the domestic market rose 10% at 13,495 units in August 2016 over August 2015. Medium and heavy commercial vehicles (M&HCV) sales fell 17% to 9,969 units in August 2016 over August 2015. The segment saw subdued demand, with the slowdown of recent months continuing, as a result of postponement of replacement and fleet expansion. The companys sales from exports rose 27% to 6,595 units in August 2016 over August 2015.

Tata Motors consolidated net profit declined 56.98% to Rs 2260.40 crore on 8.64% rise in total income to Rs 66559.08 crore in Q1 June 2016 over Q1 June 2015.

Tata Motors is a market leader in commercial vehicles in India. The companys British unit JLR sells premium luxury cars.

Powered by Capital Market - Live News