Reliance Industries (RIL) said before market hours that RIL has scheduled a planned turnaround at its Nagothane manufacturing site. The cracker and some of the downstream units will be shut for approximately four weeks, starting around mid-January 2015. This opportunity will be used to carry out routine maintenance activities and for implementing other profit improvement and energy conservation measures. RIL's crackers and other downstream units at other locations will continue at normal levels of operations. With advance planning and inventory management, impact on external sales is likely to be minimal.
PowerGrid Corporation of India said after market hours on Friday, 26 December 2014, that the Board of Directors of the company at its meeting held on 24 December 2014 have accorded investment approvals worth Rs 6574.83 crore. The board also accorded approval to Sovereign Loan (PowerGrid as Direct Borrower for a loan) from 'KfW, Frankfurt am Main, (KfW), Germany' for an amount of Euro 500 Million for financing of Green Energy Corridors: Inter-State Transmission Strengthening Scheme (ISTS) - Part A, B & C.
Heritage Foods announced after market hours on Friday, 26 December 2014, that the company has started commercial production of its 14th Packing Station on 26 December 2014 at Industrial Area, HSllDC, Rai, Sonipet, in the State of Haryana with 75,000 liters per day (liquid milk & milk products which includes paneer, pouch and cup curd, butter milk and lassi etc) packing capacity to serve the consumers in and around NCR.
With respect to news titled "SpiceJet operations grounded as oil companies stop fuel supply" Spicejet clarified after market hours on Friday, 26 December 2014, that the operations of the company were severely impacted during 15 to 17 December 2014 due to stoppage of fuelling at major airports. The matter has now been resolved with the oil companies and the operations have now returned to normal commensurate with its fleet size.
Separately, with respect to news titled "SpiceJet resumes operation, says it will have 230 flights today." Spicejet clarified that upon resuming the normal operations of about 230 flights a day the passengers were informed about the same.
In another clarification with respect to news titled "Spicejet to resume flights after 4 pm, says COO Sanjiv Kapoor."Spicejet clarified that while the resolution was being worked upon with various agencies to resume operations, the management of the company informed the affected passengers about the likely time for operations to resume through various communication channels including social media.
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With respect to news article titled "SBI to raise Rs 4000 cr for BPCL's petrochemical plan" BPCL clarified after market hours on Friday, 26 December 2014, that the earlier disclosure dated 3rd December 2014 contains estimated capital cost of the project.
Oricon Enterprises announced after market hours on Friday, 26 December 2014, that a meeting of the board of directors of the company will be held on 30 December 2014, inter alia, to allot shares of the company on account of conversion of 10% compulsorily convertible preference shares in terms of scheme of merger approved by High Court of Judicature, Bombay vide its order dated 27 August 2010.
With respect to news article titled "Premji Shores up Biyani's Future with Rs 175 cr. Cash", Future Retail clarified after market hours on Friday, 26 December 2014, that this is a transaction at promoter's level. Future Retail Ltd., do not have any information about such transaction, at this stage. As this is a transaction related to fund raising at promoters' company, the company; is not required to make any disclosure.
With respect to news article titled "DRL under health Canada Scanner", Ipca Laboratories clarified after market hours on Friday, 26 December 2014, that Health Canada has requested the company to voluntarily quarantine any drugs manufactured at the company's Indore SEZ, Pithampur formulations manufacturing unit intended for Canadian market as an interim measure and precautionary step in view of the US-FDA audit observations made regarding GMP deficiencies at the said manufacturing unit. The company does not generate any material business out of the said manufacturing unit from the Canadian market. The company is fully committed in resolving this issue at the earliest. The company is also committed to its philosophy of highest quality in manufacturing, operations, systems, integrity and cGMP culture.
Indo Borax & Chemicals said before market hours that the Board of Directors of the company at its meeting held on 27 December 2014 has approved to increase the existing production capacity of boron products (Boric Acid/Borax) by 5,600 metric tonne per annum (MT pa) at plant at Pithampur, Madhya Pradesh. With this expansion, installed production capacity will increase by 38.89% from existing 14,400 MT pa. to 20,000 MT pa. The total cost of project is estimated at Rs 7 crore. The cost will be finance through internal accruals.
Jubilant FoodWorks said before market hours that Dunkin Donuts (DD), world's leading doughnuts, baked goods & coffee chain on 27 December 2014, made a grand entry into Pune, the second largest city of Maharashtra, by launching its first restaurant in Pune, at the posh Phoenix market City Mall.
Good Luck Steel Tubes said before market hours that a meeting of the Board of Directors of the company will be held on 30 December 2014, inter-alia, to issue and allot warrants convertible into equal number of shares to promoters and other than promoters on preferential basis.
Spice Mobility said before market hours that a meeting of the Board of Directors of the company will be held on 2 January 2015, inter alia, to consider the proposal received from 'Smart Ventures Private Limited', the promoter of the company, to voluntarily delist the equity shares of the company from the National Stock Exchange of India and BSE i.e. both recognized stock exchanges, where the equity shares of the company are presently listed in accordance with the provisions of SEBI (delisting of equity shares) Regulations, 2009 and other applicable laws, if any.
Simplex Trading & Agencies said before market hours that the Board of Directors of the company at its meeting held on 27 December 2014 has alloted nine equity shares as bonus issue for every one equity share held by the shareholders of the company as on record date i.e. 26 December 2014.
With reference to the earlier letters dated 11 January 2014 and 4 February 2014, Facor Alloys said before market hours that lockout declared in the plant w.e.f. 4 February 2014 has been lifted from second shift of 26 December 2014.
Sintex Industries said before market hours that pursuant to the approval of the shareholders of the company at the 81st Annual General Meeting of the company held on 17 September 2012; for issue of $140 million 7.5%, step down Convertible Bonds due 2017, the Committee of Directors at its meeting held on 27 December 2014 has allotted 10.45 lakh shares to Foreign Currency Convertible Bonds (FCCB) holders on the exercise of their conversion right.
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