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Astron Paper commences commercial production of PM-2 at unit-1

Astron Paper & Board Mill’s PM-2 at unit-1 located at Halvad, Gujarat has commenced commercial production of kraft paper from October 15, having installed capacity of 33000 MT/year. The company is currently operating at almost 90% capacity utilization of its PM-1 located at Halvad, with installed capacity of 96,000 MT ... Read More »

AU Small Finance Bank reports 34% rise in Q2 net profit

AU Small Finance Bank has reported results for second quarter ended September 30, 2018. The Bank has reported 33.97% rise in its net profit at Rs 91.42 crore for the quarter under review as compared to Rs 68.24 crore for the same quarter in the previous year. Total income of ... Read More »

Hindustan Zinc reports 6% growth in mined metal production

Hindustan Zinc has reported 5.93% growth in its mined metal production at 2,32,000 tonnes in Q2 FY19 as against 2,19,000 tonnes in July-September 2017. During the July-September 2018, the company’s refined lead output grew 28.95% to 49,000 tonnes from 38,000 tonnes in the year-ago-quarter. Besides, the production of silver rose ... Read More »

Cyient to launch Geospatial Data Exploitation Solutions at Intergeo 2018

Cyient will be exhibiting at the upcoming Intergeo 2018-a leading global conference for geodesy, geoinformation, and land management. The company will showcase its latest geospatial capabilities around crop monitoring, road health monitoring, and smarter parking maps at the event. With more than 27 years of industry experience, Cyient leverages extensive ... Read More »

Sun Pharmaceutical to invest additional Rs 200 crore in Assam plant

Sun Pharmaceutical Industries is going to invest an additional Rs 200 crore at its Assam plant to augment operations. The company has already invested Rs 700 crore in this manufacturing facility. Besides, the company has inaugurated a new production line at its facility in Palashbari. Sun Pharmaceutical Industries is the ... Read More »

Hathway Cable and Datacom planning to raise funds

Hathway Cable and Datacom is planning to raise funds by issuance of equity shares through one or more methods including further public issue/ ADR/GDR/qualified institutional placement / preferential issue. The Board of Directors of the company at its meeting to be held on October 17, 2018 will consider and approve ... Read More »

L&T Finance Holdings raises funds worth Rs 250 crore

L&T Finance Holdings has raised funds worth Rs 250 crore. The Committee of Directors (Committee) has approved allotment of 2,50,00,000 Cumulative Compulsorily Redeemable Non-Convertible Preference Shares (CRPS) of face value of Rs 100 each on a private placement basis to the identified investors. The Committee approved the same on October ... Read More »

Avenue Supermarts reports 18% rise in Q2 net profit

Avenue Supermarts has reported results for second quarter ended September 30, 2018. The company has reported 18.16% rise in its net profit at Rs 225.74 crore for the quarter under review as compared to Rs 191.04 crore for the same quarter in the previous year. Total income of the company ... Read More »