KCP Sugar & Industries sells 101,584 quintals of sugar in May 2014

KCP Sugar & Industries Corporation has sold 101,584 quintals of sugar in May 2014, while the company has sold 5,586.530 MT of Molasses in the same month. The company has also sold 643.340 MT, 1.167 MT and 13.00 MT of Bio-compost, Mycorrhiza and Calcium Lactate respectively. Further, the company has sold 1,428,000 Bulk Litres of Industrial Alcohol in May 2014, while it sold 120.26 Quintals of Bio-Fertilzer in the same month. KCP Sugar & Industries Corporation is engaged in business of manufacturing and marketing of Sugar and Bio-products. The company’s manufacturing facilities are located at Vuyyuru and Lakshmipuram. Company’s Vuyyuru Unit is engaged in manufacturing sugar, Bio-Ethanol of 50 KLPD and has a power generation capacity of 15MV per day.

Idea records highest RMS growth in Q4FY14 and FY14: TRAI

Idea witnessed YoY revenue growth of 18.6% in FY14, double the growth rate of the industry which grew at 9.3%.

Idea Cellular, the 3rd largest mobile operator in India, maintained its track record of being the fastest growing operator in the market, recording an increase of 0.5% in Revenue Market Share (RMS) in Q4FY14 on a QoQ basis; and an increase of 1.3% in FY14 on a YoY basis. The Revenue Market Share data has been derived from the Revenue performance report released by the Telecom Regulatory Authority (TRAI), recently. As per the report, Idea’s RMS grew to 16.6% in Q4FY14, an increase of 0.5% from the previous quarter; and 16.2% in FY14, an increase of 1.3% from the previous year, making it the best performing operator in the Indian market. Idea witnessed YoY revenue growth of 18.6% in FY14, double the growth rate of the industry which grew at 9.3%. Even on a quarterly basis, Idea’s growth rate was more than double the industry growth. In Q4FY14 when the industry grew at 2.5% in revenue on a QoQ basis, Idea’s revenue grew by 5.7%.

JSW Steel clarifies reports on acquiring Welspun Maxsteel

The Exchange had sought clarification from JSW Steel Ltd with respect to the news articles in the Media that "JSW Steel to buy Welspun Maxsteel for Rs.1,100 Crore".

The Exchange had sought clarification from JSW Steel Ltd with respect to the news articles in the Media that "JSW Steel to buy Welspun Maxsteel for Rs. 1,100 Crore". JSW Steel Ltd has clarified that "We don't offer any comments on market rumours and speculation, however as a long term strategy, we would like to expand both organically by means of brownfield and greenfield expansions and inorganically by acquiring some existing assets. In that perspective, we keep scanning suitable opportunities, which have a strategic fit."

Infosys stock surges 5%

The stock has hit a high of Rs3255 and a low of Rs3099. Shares of Infosys Ltd surged 5% at Rs3234. The stock has hit a high of Rs3255 and a low of Rs3099. Total traded quantity on the counter stood at over 1.09 lakh shares.

Physical rubber prices ruled flat on Tuesday

Physical rubber prices ruled flat on Tuesday due to extremely dull volumes in the market, though lower arrivals in the local trading houses and better closing in international trendsetters capped some losses in rubber prices to some extent. Spot prices for RSS-4 and RSS-5 variety closed unchanged at Rs 145.50/ kg and Rs 141.50/ kg respectively. In the futures market, contract of June delivery concluded at Rs 143 compared to its previous close of Rs 143.81, while July delivery closed at Rs 144.50 compared to its previous closing of Rs 144.41 on the National Multi Commodity Exchange (NMCE).

Crompton Greaves rises as its unit bags contract to supply 750,000 smart meters to GNF

Crompton Greaves is currently trading at Rs 214.85, up by 1.40 points or 0.66% from its previous closing of Rs 213.45 on the BSE. The scrip opened at Rs 215.40 and has touched a high and low of Rs 217.30 and Rs. 214.30 respectively. So far 110665 shares were traded on the counter. The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 215.75 on 09-Jun-2014 and a 52 week low of Rs. 71.70 on 25-Jun-2013. Last one week high and low of the scrip stood at Rs. 215.75 and Rs. 198.00 respectively. The current market cap of the company is Rs. 13428.14 crore. The promoters holding in the company stood at 42.67% while Institutions and Non-Institutions held 42.47% and 14.64% respectively. Avantha Group Company, Crompton Greaves’ Automation Business Unit has been awarded a significant contract for supply of 750,000 smart meters from the Spanish utility Gas Natural Fenosa (GNF) and will be one of its main smart meter suppliers for the next two years. ZIV single phase smart meters will cover a large part of the demand for domestic meters from GNF. The Automation unit will also be supplying nearly 20,000 three-phase meters and is now participating in a significant tender for DCUs (Data Concentrator Units). ZIV’s 4CTT model is nowadays the reference DCU in the market after becoming the first model certified by the PRIME alliance last year and having proven a robust performance onsite. After acquiring ZIV, Crompton Greaves is the key provider of smart meters and an important player in the global smart grid market where it offers ZIV meters, data concentrator units (DCU) and distribution automation solutions (DAS). A significant advantage for Crompton Greaves in the Spanish market has been the regulatory framework in the country which makes it mandatory that 70 percent of the analog meters are replaced by 2016 and 100 percent by 2018. Crompton Greaves (CG) is a global pioneering leader in the management and application of electrical energy. With more than 15,000 employees across its operations in around 85 countries, CG provides electrical products, systems and services for utilities, power generation, industries, and consumers.

Unity Infraprojects in talks with top developers to sell Mumbai land: Report

Unity Infraprojects is reportedly planning to sell 0.5 million sq ft plot in Parel area of Mumbai. In this regard, the company is already in talks with several top developers such as Tata Housing, Peninsula Land and Godrej Properties among others. The company is looking at a valuation of Rs 350 crore for the land. Moreover, it is open to jointly developing the land or outright sale. Unity Infraprojects is one of the largest civil contractors in India. It is the flagship unit of the Mumbai-based KK Group of Companies, which has its interests spread across a wide spectrum of businesses such as concrete block manufacturing, quarrying, hotel and organized retailing industries.

JK Cement to raise long term funds amounting up to Rs 300 crorec

JK Cement has received an approval to raise long term funds for an amount of up to Rs 300 crore. The board of directors at its meeting held on June 10, 2014 has approved for the same. The company will raise funds by way of issue of securities and/or non convertible debentures with warrants on Preferential Allotment basis, Qualified Institutional Placement (QIP) basis or such other form as may be permissible under law with a green shoe option subject to shareholders approval. JK Cement is one of the largest cement manufacturers in north India. It is also second largest producer of white cement in India. The company exports white cement to countries like South Africa, Nigeria, Singapore, Bahrain, Bangladesh, Sri Lanka, Tanzania, UAE and Nepal.

Crompton Greaves’ unit bags contract to supply 750,000 smart meters to GNF

Avantha Group Company, Crompton Greaves’ Automation Business Unit has been awarded a significant contract for supply of 750,000 smart meters from the Spanish utility Gas Natural Fenosa (GNF) and will be one of its main smart meter suppliers for the next two years. ZIV single phase smart meters will cover a large part of the demand for domestic meters from GNF. The Automation unit will also be supplying nearly 20,000 three-phase meters and is now participating in a significant tender for DCUs (Data Concentrator Units). ZIV’s 4CTT model is nowadays the reference DCU in the market after becoming the first model certified by the PRIME alliance last year and having proven a robust performance onsite. After acquiring ZIV, Crompton Greaves is the key provider of smart meters and an important player in the global smart grid market where it offers ZIV meters, data concentrator units (DCU) and distribution automation solutions (DAS). A significant advantage for Crompton Greaves in the Spanish market has been the regulatory framework in the country which makes it mandatory that 70 percent of the analog meters are replaced by 2016 and 100 percent by 2018. Crompton Greaves (CG) is a global pioneering leader in the management and application of electrical energy. With more than 15,000 employees across its operations in around 85 countries, CG provides electrical products, systems and services for utilities, power generation, industries, and consumers.

CORE Education gets nod to appoint leading real estate consultant

CORE Education & Technologies has received an approval for appointment of a leading real estate consultant for developing or disposing off non-core assets and real estate properties of the company, currently having a value of approximately Rs 400 crore. The board of directors at its meeting held on June 10, 2014 has approved for the same. The board also approved bringing in additional investment and / or divesting its investments in overseas subsidiaries. It has also approved for sourcing of appropriate joint venture equity partners for the India business, in the backdrop of the positive business environment prevailing currently. CORE Education & Technologies operate in three segments; Education, Enterprise Resource Planning (ERP) and consulting and logistics.