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Aditya Birla Nuvo Dec qtr profit down about 35 pct

Tuesday, 14 Feb 2017 02:38am EST

Aditya Birla Nuvo Ltd : Consol dec quarter net profit 2.06 billion rupees . Consol dec quarter total income from operations 33.88 billion rupees . Consol net profit in dec quarter last year was 3.18 billion rupees as per ind-as; consol total income from operations was 31.34 billion rupees . Says planning to launch payments bank services by the first half of the calendar year 2017 . For 2016-17, co planned a capex of about INR 3 billion for its divisions including towards the expansion of linen yarn and VFY capacities. . Says there will be a capital requirement to the tune of about 9 billion rupees in the financial services businesses . Deal with Grasim expected to be completed by first half of fiscal 2017-18 . Says solar power business is in the process of setting up 60 MW solar power capacity in Karnataka . Senior management team planning to launch payments bank services by first half of calendar year 2017, after obtaining approvals from RBI . Says commissioning of solar power plants in karnataka is targeted by first quarter of FY2017-18 .The profit alert was first sourced from TV and later confirmed from a press release on the NSE.

BRIEF-Henan Tongli Cement's shares to resume trade on Feb 6

Sunday, 5 Feb 2017 08:20pm EST

Henan Tongli Cement Co Ltd <000885.SZ> :Says its shares to resume trade on Feb 6 after clarification on asset restructuring.

ACC Ltd Dec-qtr consol profit down about 45 pct

Friday, 3 Feb 2017 05:57am EST

ACC Ltd : Dec quarter consol net profit 563.4 million rupees . Dec quarter consol net sales 26.72 billion rupees . Recommended final dividend of inr 6 per share . Consol net profit in dec quarter last year was 1.02 bln rupees as per Ind-AS; consol net sales was 28.46 billion rupees .Cement business sales volume was 5.45 million tonnes during last quarter of 2016 as compared to 6.0 million tonnes last year.


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