IRB InvIT reports Rs 304cr rev in Q3FY18, distributes Rs 174cr

IRB InvIT Fund today reported a revenue of Rs 304 crore for the quarter ended December 31, and declared distribution of Rs 174 crore to its unit holders translating into a payout of Rs 3 per unit for the period.

With this, the total distribution for this fiscal reaches Rs 7.55 per unit, out of which Rs 5.45 per unit is interest and Rs 2.10 per unit is return on capital, IRB said in a statement issued here.

"October-December 2017 marks the first full quarter of operations for all seven projects. We have been able to demonstrate asset acquisition, debt-sourcing at best rates, stabilisation and most importantly cash-flow generation and distribution capability of IRB InvIT over the last eight months since listing and are well poised to continue such performance in coming years," a company spokesperson said. *********************** Siemens inaugurates MV lab at INS Valsura *
 

Siemens today inaugurated a medium voltage (MV) lab at INS Valsura for training officers and sailors on MV power generation, protection and distribution.

"The inauguration of the MV lab marks a new milestone in the modernisation plans of the Indian Navy by embracing state-of-the-art technology for ship propulsion," the company said in a statement issued here.

The facility will be used for training personnel on the nuances of medium voltage power generation, protection and distribution, it said.

INS Valsura is the oldest training establishment, where officers and sailors of the Indian Navy, Indian Coast Guard and friendly foreign navies in the field of electrical, electronics and weapon systems. ******************** Eros Digital appoints Ali Hussein as Chief Operating Officer *

Eros International today said it has appointed Ali Hussein as the Chief Operating Officer of Eros Digital.

He will be spearheading Eros' digital initiatives including Eros Now, the media firm's digital over-the-top (OTT) South Asian entertainment platform.

"We are delighted to have Ali join the leadership team at Eros. The impact of digital technology on media consumption is growing at a rapid space, making this sector one of the most exciting in present times. At ErosNow, we are in a robust growth phase and continue to reinvent ourselves as a digital company. With Alis experience in media, entertainment and the digital space, we look forward to further capitalising our digital expansion strategy," Eros Digital Chief Executive Officer Rishika Lulla Singh said.