Coal India said its board has approved payment of interim dividend of Rs 29 per share for the financial year ending March 2014. The date of payment of interim dividend is 'on and from 25 January 2014', Coal India said. The stock offers a dividend yield of about 10% based on the closing price of Rs 289.90 on Tuesday, 14 January 2014. Coal India has fixed 20 January 2014 as the record date for the purpose of payment of interim divided.
Tata Steel announced after market hours on Tuesday, 14 January 2014, that it has opened the UK's largest profiling centre for steel plate in the West Midlands, increasing its plate processing capacity in the region by up to 50%.
The new Profiling Centre, at Steelpark in Wednesfield, transforms steel plate into a multitude of shaped and machined components, from high-volume production runs for offroad vehicle wheels and booms for earth-moving equipment, to large one-off components for construction projects and specialist engineering applications. The 3.1 million facility provides a step change in Tata Steel's capability to supply plate that has been cut and finished to exact size, shape and quality specifications. Steelpark's profiling capacity will be increased to 47,000 tonnes per annum, the company said in a statement.
Paul Steele, Managing Director at Tata Steel Distribution UK and Ireland, said: "This investment is one of a series of developments that is strengthening Steelpark's position as one of the key foundations for UK manufacturing. We are transforming the UK's largest steel service centre into an operation that is entirely focused on meeting customer requirements and supporting their success."
The development amalgamates Tata Steel's plate cutting and machining capability into a single facility able to offer a comprehensive suite of tailored processing services to meet customers' specific requirements, the company said.
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The investment will shorten order and delivery times, enabling Tata Steel to offer a range of benefits to customers in the lifting & excavating and construction sectors, including greater consistency of quality and a single point of contact for the purchasing process, it said.
Paul Steele added: "We have a unique ability to support our customers because of our Tata Steel ownership, which makes us the only steel distribution group to have both its mill and processing operations in the UK and Ireland. This means not only that we know our products and services inside out, but we can offer customers consistent quality and repeatability. We can work together from the outset to advise customers on specifications for their particular product application and, by tailoring our products and services in this way, we are best placed to meet their needs with a personal and professional service."
The Tata Motors Group's global wholesales declined 19.95% to 79,220 units in December 2013 over December 2012. Global wholesales for Jaguar Land Rover (JLR) jumped 24.66% to 40,244 units in December 2013 over December 2012. Tata Motors unveiled the data on monthly wholesales after trading hours on Tuesday, 14 January 2014.
Maruti Suzuki India before market hours today, 15 January 2014 clarified that it is no position to comment on media report which indicated that the company's parent may hike its stake. Foreign promoter Suzuki Motor Corporation holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 31 December 2013).
Siemens turns ex-dividend today, 15 January 2014 for the dividend of Rs 5 per share for the year ended 30 September 2013.
YES Bank, DCB Bank, Bajaj Finserv, Bajaj Finance and Agro Tech Foods among others will unveil their December 2013 quarterly results today, 15 January 2014.
Geojit BNP Paribas Financial Services reported 21.24% rise in consolidated net profit to Rs 15.75 crore on 14.92% fall in total income from operations (net) to Rs 53.05 crore in Q3 December 2013 over Q3 December 2012.
Liberty Shoes reported 82% surge in net profit to Rs 3.24 crore on 22.7% rise in net sales to Rs 109.99 crore in Q3 December 2013 over Q3 December 2012. The result was announced after market hours on Tuesday, 14 January 2014.
Jai Mata Glass said that the company's board of directors at its meeting held on 14 January 2014 have considered and approved the sale of land of the company at village Tipra, Barotiwala, Distt. Solan (HP).
Mukand said that the company vide Share Purchase Agreement dated 11 January 2014, has sold its entire shareholding in its erstwhile Joint Venture company viz. Bekaert Mukand Wire Industries. i.e. 1.30 crore equity shares acquired at a cost of Rs 13 crore to Bekaert Industries for a sale consideration of Rs 5.25 crore.
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