Daily Notifications as on 9th July 2020

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https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200709-36

1. Scrip code : 542484
Name : Arvind Fashions Limited
Subject : Announcement under Regulation 30 (LODR)-Press Release / Media Release
We are enclosing herewith a copy of the press release being issued by the Company titled ‘Flipkart Group and Arvind Fashions Strengthen Partnership’ The transaction is subject to customary conditions precedent.

2. Scrip code : 532309
Name : GE Power India Limited
Subject : Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
We would like to notify that, GE Power India Limited has been awarded a contract worth approximately INR 2,919 million by Megha Engineering & Infrastructures Limited to Design, Engineering Procurement, Assembly, Inspection, Supply of Reversible Pump Turbine and Motor Generator with associated auxiliaries and supervision of erection, testing and commissioning for unit 1 (1 x 125 MW) of Package III of Phase I, units 2 & 3 (2 x 125 MW) of Phase II and unit 4 (1 x 125 MW) of Phase III of Kundah Pumped Storage Hydro Electric Project in Nilgiris District of Tamil Nadu. This information is being given in accordance with Regulation 30 of the Listing Regulations.

3. Scrip code : 524226
Name : Gujarat Ambuja Exports Ltd.
Subject : Corporate Action-Intimation of Sub division / Stock Split
Pursuant to Regulations 29 and 33 of the SEBI (LODR) Regulations, 2015, this is to inform you that the 232nd meeting of the Board of Directors of the Company is scheduled to be held on Saturday, 25th July, 2020 to consider and approve the following agenda items: 1. Unaudited Financial Results of the Company for the first quarter ended 30th June,2020 as per Regulation 33 of the SEBI (LODR),2015; 2. Proposal for sub-division of Equity Share of the Company of face value of Rs. 2/(Rupees Two only) each into two Equity Shares of face value of Rs. 1/- (Rupee One only) each. 3. Proposal for alteration in the capital clause of Memorandum of Association for giving effect to the split of equity shares of the Company. 4. Other businesses. Kindly take the above disclosures on your record as compliance with Regulations 29, 30 and 33 of the SEBI (LODR), 2015. The intimation for window closure period has already been given on 30th June, 2020. You are requested to take note of the same.

4. Scrip code : 718347
Name : Reliance Industries Ltd
Subject : Announcement under Regulation 30 (LODR)-Press Release / Media
Release This is further to the Media Release titled ‘Reliance and BP Move forward with Indian fuels partnership’, dated December 16, 2019, issued by the Company. Please find attached a copy of the media release, titled ‘Reliance and BP launch ‘Jio – BP’ partnership.’

  Anil Ambani’s 6 companies: Hit for a Six  08/07/2020

by Scrip Watch

 

  Anil Ambani’s 6 companies: Hit for a Six  08/07/2020
Company Name Promoter Holding Pledged Market Cap CMP FV 52 W High 52 W Low All Time High All Time Low Equity Cap Net Worth Short term Debt Long term Debt Total Debt Debt/Equity Auditors
% % Rs Cr. Rs Rs Rs Rs Rs Rs Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Cr.
Reliance Capital Ltd. 1.51 3.42 288 11.4 10 62 3.7 2925 (2008) 3.7 (2019) 253 3374 0 16160 16160 4.8 M/s. Pathak H. D. & Associates
Relaiance Communications Ltd. (Q2) 5.18 0 617 2.2 5 2 0.55 844 (2008) 0.55 (2019) 1383 -35955 30270 0 30270 NA M/s. Pathak H. D. & Associates
Reliance Infrastructure Ltd. 14.7 66.09 915 34.8 10 54 8.65 2632 (2008) 8.65 (2019) 263 9792 2541 11759 14300 1.5 M/s. B S R & Co. LLP,              M/s. Pathak H.D. & Associates
Reliance Power Ltd. 19.29 53.75 1147 4.1 10 5 1 375* (2008) 1 (2019) 2805 11869 4353 19861 24214 2.0 M/s. B S R & Co. LLP,              M/s. Pathak H.D. & Associates
Reliance Home Finance Ltd. 49.58 96.63 123 2.5 10 14 0.71 115 (2017) 0.71 (2019) 485 1467 0 12440 12440 8.5 Dhiraj & Dheeraj
Reliance Naval and Engineering Ltd. (Q2) 25.33 100 216 2.9 10 10 0.7 120 (2010) 0.7 (2019) 738 -11168 6025 302 6327 NA M/s. Pathak H. D. & Associates
3306

 

* The price on 11th Feb 2008 was Rs 600, when it just touched and fell down. However on 30th May the company released a bonus issue of 3:5. Hence 375 is the adjusted price.

Public Sector Undertakings (IPO)

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08.07.2020 Public Sector Undertakings (IPO)
Name Date IPO Price Listing Price FV CMP Change in CMP 52week High 52week Low Mkt Cap Equity Cap Networth Total Debt BV Net Revenue PAT EPS P/E P/BV Promoter Holding
(Rs.) (Rs.) (Rs.) (Rs.) % (Rs.) (Rs.) (Rs.Crs) (Rs.Crs) (Rs.Crs) (Rs.Crs) (Rs.) (Rs.Crs) (Rs.Crs) (Rs.) %
Bharat Dynamics Ltd. 23-03-2018 428.00 360.00 10.00 393.25 9.24 454.25 147.00 7208 183 2607 2 142.23 3211 535 29.18 13.47 2.76 87.75
Garden Reach Shipbuilders & Engineers Ltd 10-10-2018 118.00 104.00 10.00 218.55 110.14 249.40 105.30 2486 115 1040 0 90.81 1659 163 14.27 15.31 2.41 74.50
General Insurance Corporation Of India* 25-10-2017 912.00 425.00 5.00 152.25 -64.18 333.85 81.70 26676 877 23944 0 136.48 50345 -287 -1.64 1.12 85.78
Hindustan Aeronautics Ltd 28-03-2018 1215.00 1169.00 10.00 947.00 -18.99 1028.00 448.00 31667 334 13264 5775 396.66 21816 2898 86.66 10.93 2.39 89.97
Ircon International Ltd (Q3)* 28-09-2018 470.00 82.00 2.00 96.40 17.56 119.76 58.20 4533 94 4442 2043 94.46 3643 370 39.33 2.45 1.02 89.12
Mishra Dhatu Nigam Limited 04-06-2018 90.00 87.00 10.00 213.45 145.34 278.00 108.50 3998 187 957 134 51.07 749 158 8.44 25.29 4.18 74.00
MSTC Ltd 29-03-2019 120.00 111.00 10.00 140.80 26.85 235.15 70.40 991 70 474 259 67.32 1296 97 13.78 10.22 2.09 64.75
New India Assurance Company Ltd.* 13-11-2017 800.00 374.00 5.00 117.75 -68.52 179.05 75.00 19405 824 18061 0 109.59 28198 1436 8.71 13.52 1.07 85.44
Rail Vikas Nigam Limited (Q3) 11-04-2019 19.00 19.00 10.00 19.95 5.00 29.30 10.20 4160 2085 4616 3390 22.14 10499 506 2.43 8.22 0.90 100.00
RITES Ltd 02-07-2018 185.00 190.00 10.00 259.90 36.79 331.00 191.00 6498 250 2633 33 105.33 2735 633 25.33 10.26 2.47 87.40
SBI Life Insurance Company Ltd 03-10-2017 700.00 733.00 10.00 849.00 15.83 1030.00 520.00 84903 1000 8743 0 87.43 43843 1422 14.22 59.70 9.71 69.80

Notes:

1) General Insurance Corporation Of India: Bonus Issue 1:1 ex Bonus date 12 July, 2018

2) New India Assurance Company Ltd: Bonus Issue 1:1 ex Bonus date 27 June, 2018

3) Ircon International  Split 10-2  ex date 3 April 2020

Daily Notifications as on 8th July 2020

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https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200708-32

1. Scrip code : 540108
Name : Tiaan Ayurvedic & Herbs Limited
Subject : Announcement under Regulation 30 (LODR)-Allotment
We wish to inform you that pursuant to the resolution passed by the shareholders, the Board of Directors of the Company has approved the allotment of 12,91,700 equity shares of ? 10/- each as fully paid up bonus equity shares on July 08, 2020, in the ratio of 1:4 that is 1 bonus equity share of Rs 10/- each for every 4 fully paid up equity shares to the members whose name appeared in the register of Members as on July 3, 2020, the record date fixed for the purpose. As part of the aforesaid allotment, 426 bonus equity shares representing fractional entitlement(s) of eligible Members have been consolidated and allotted to Mrs. Kajal Jain, (DIN 08129655) director of the Company as a trustee appointed by the Board. The trustee will sell such equity shares at the prevailing market rate as soon as possible and distribute the net sale proceeds, after adjusting the cost and expenses in respect thereof, among the eligible Members in proportion to their respective fractional entitlements.

2. Scrip code : 534309
Name : NBCC (India) Limited
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Sir, Pursuant to Part A of Schedule III of Regulation 30 of SEBI (LODR) Regulations, 2015, it is hereby informed that the Board of Directors of NBCC (India) Limited, in their 478th Board Meeting held on July 6, 2020, approved the draft Scheme of Merger of NBCC International Limited and NBCC Environment Engineering Limited, wholly-owned subsidiaries, with NBCC (India) Limited (Holding Company). Detailed salient features are mentioned in the attachment.

3. Scrip code : 522108
Name : Yuken India Ltd.
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Compliance under Regulation 37(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the proposed Scheme of Amalgamation of Yuflow Engineering Private Limited, a wholly owned subsidiary of the Company, with the Company.

Max Financial Services Ltd.

by Scrip Watch
Max Financial Services Ltd.  

 

Key Details :    
CMP (Rs.)   463
52 Week H/L (Rs.) 611/280
Market Cap (Rs.Crs)   12568
Face Value (Rs.)   2.0
TTQ   (in ‘000)   37
     
     
Shareholding Pattern (%)
Promoter 28.31
Institutions 59.69
Public 12.10

 

Overview:

  • Max Financial Services Limited (MFS), a part of the USD 3.2 bn Max Group, is the holding company for Max Life, India’s largest non-bank, private life insurance company.
  • Max Financial Services owns and actively manages a majority stake in Max Life Insurance Company Limited, making it India’s first listed company focused exclusively on life insurance. Max Life is a joint venture with Mitsui Sumitomo Insurance (stake ~25%), a Japan-headquartered global leader in life insurance.
  • Max Life has an extensive presence across India through its own offices and distribution partners and is the 4th largest private Life Insurance player in the country.

 

Management :

Name Designation
Analjit Singh Chairman (Non-Executive)
Mohit Talwar Managing Director

 

 Financials (Consolidated) :

(Rs Mn) FY 15 FY 16 FY 17 FY 18 FY 19 FY 20
Operating Income 149077.3 117098.9 152467.2 163377.4 194982.9 182399.8
EBITDA 7174.4 5311.7 7710.5 5310.7 4840.0 5235
Adjusted Profit 2802.2 2527.2 3949.0 2864.3 2627.0 2687.7
EPS 10.5 9.5 14.8 10.7 9.8 10.0
OPM (%) 4.8 4.5 5.1 3.3 2.6 2.9
NPM (%) 1.9 2.2 2.6 1.8 1.3 1.5
PE (x) 44.1 49.0 31.4 43.5 47.6 46.5
RoE (%) 8.5 12.9 16.9 15.7 12.8 12.5
RoCE (%) 13.3 17.7 23.0 20.4 17.9 15.7

 

Source : Capitaline

Recent Updates:

Axis Bank and Max Financial Services Deal Background

  • Axis Bank Ltd (Axis Bank) and Max Financial Services Limited (MFS) announced the signing of definitive agreements to become joint venture partners in Max Life Insurance Company Limited (MAXL).
  • Axis Bank will hold 30% stake in Max Life post transaction closure.
  • The development will result in a mutually beneficial and enduring relationship between Axis Bank and Max Life and bring the stability of a long term partnership to India’s fourth largest private life insurance franchise.
  • The joint venture arrangement will significantly improve Max Life’s competitive position vis a vis its competitors, including the other large bank owned private life insurers.

Deal

  • Max Financial Services presently holds a 72.5% stake in Max Life and Mitsui Sumitomo Insurance (MSI) owns 25.5% stake. Axis Bank also has a minor stake in the Max life.
  • The aforesaid transaction with Axis Bank follows the ongoing swapping by MSI of 20.6% stake that it holds in Max Life with a 21.9% stake in MFS.
  • MFS also plans to purchase MSI’s balance stake in Max Life.
  • Post the swap transaction, Axis Bank will buy out 29% of MLI from MFS (currently holds ~1% in Max Life).
  • Post completion of the series of transactions, Max Life will become a 70:30 joint-venture between Max Financial Services and Axis Bank.
  • The proposed transactions are subject to approval of requisite corporate and regulatory authorities (including IRDAI, RBI and CCI). Company expects deal to be completed within one year.
  • Valuation of stake will be dependent on the tax adj. BV of MAXL (Dec-19: Rs 56bn, 29% at Rs 16bn) as on transaction date. Axis Bank indicated that they will buy 55.6 crore shares of Max Life for a total consideration (estimated) of Rs. 1,592 crore, but the final amount will depend on exact pricing at the time of transaction. (*Only guided).

Mitsui Sumitomo swap indicative process:

  • The construct of the transaction is such that Mitsui Sumitomo (MSI) will first swap part of its shareholding in MAXL for a shareholding in the holdco, i.e., Max Financial Services (MFS).
  • As a result of this swap, MFS will end up owning ~94% stake in MLI and MSI will still hold ~5% in MLI which, at a later stage, would be bought out by MFS.
  • Post the swap transaction, Axis Bank will buy out 29% of MLI from MFS (currently holds 1% in Max Life). Finally, MAXL would be reverse merged with MFS, effectively becoming a listed entity.
  • The proposed transaction structure awaits regulatory approvals.

Share Price Trend:

Year Open (Rs) High (Rs) Low (Rs) Close (Rs)
2010 222 245 132.9 147.45
2011 148.45 214.75 137 148.25
2012 146.25 266.7 140.45 241.9
2013 244 264.9 150.5 215.2
2014 217 442.7 177.6 394.9
2015 397 585.75 381.1 496.1
2016 509.2 627.4 303 548.5
2017 547.5 683.2 513 591.15
2018 589.3 604.2 343.95 445.25
2019 449 544.9 361.1 534.7
2020 535.8 611.05 279.75 476.65

 

Max Group

2016 – Demerger/split of Max India Ltd into three entities –

  1. Max Financial Service Ltd with the insurance business,
  2. Max India Ltd with the healthcare and allied businesses and
  3. Max-Ventures and Industries Ltd with specialty packaging film business.
  • Max Financial Services (MFS)
    • After the split, Max India was renamed as ‘Max Financial Services Ltd (MFS) and solely focus on the group’s flagship life insurance activity, through 72.1% (then in 2016) in Max Life, making it the first Indian listed company solely focused on life insurance.

 

  • Max India Ltd
    • The second vertical “Max India Ltd” (MIL) continued to manage investment in the high‐potential health and allied business comprised of Max Healthcare, Max Bupa, Antara Senior Living and supported by a corporate management service team.

 

  • Max Ventures & Industries Ltd
    • The third vertical will be named Max-Ventures and Industries Ltd (MVIL), which will house the investment in the group’s manufacturing subsidiary Max Specialty Films ‐ one of the leaders in the specialty packaging films busines

 

 

A Plethora of Buybacks

by Scrip Standpoint

 

The Buyback of shares is governed by Sec 68, 69 and 70 of the Companies Act, 2013; and further by the Companies (Share Capital and Debentures) Rules, 2014. For Listed Companies, the SEBI Regulations for Buyback will also be applicable.

The listed Indian Equity space is seeing a plethora of buyback issues. Given the nervousness and uncertainty in this COVID-19 unreal reality it is not surprising that companies are resorting to buybacks to take advantage of low share prices and in an endeavour to re-assure shareholders.

Buybacks can be carried out in two ways:

  • Shareholders may be presented with a tender offer whereby they have the option to submit (or tender) a portion or all of their shares within a certain time frame and at a premium to the current market price. This premium compensates investors for tendering their shares rather than holding on to them.
  • Companies buy back shares on the open market over an extended period of time.

Advantages of Buyback:

  • It is an alternative mode of reduction in capital without requiring approval of the Court/CLB(NCLT),
  • To improve the earnings per share;
  • To improve return on capital, return on net worth and to enhance the long-term shareholders value;
  • To provide an additional exit route to shareholders when shares are undervalued or thinly traded;
  • To enhance consolidation of stake in the company.
  • To prevent unwelcome takeover bids;
  • To return surplus cash to shareholders;
  • To achieve optimum capital structure;
  • To support share price during periods of sluggish market condition;
  • To serve equity shareholders more efficiently.

Summary of Recent Buybacks:

Company Buyback price Buyback Type Announcement Stake Value (Cr)
Emami Ltd 300 Open Market 27 Mar 20 1.43% 194
Ramkrishna Forgings Ltd 250 Open Market 21 Mar 20 40
Motilal Oswal Financial Services Ltd 650 Open Market 21 Mar 20 7.51% 150
Dalmia Bharat Ltd. 700 Open Market 21 Mar 20 500
Delta Corp Ltd. 100 Open Market 28 Mar 20 4.61% 125
Just Dial Ltd. 700 Tender Offer 30 Apr 20 4.84% 220
Tanla Solutions Ltd. 81 Tender Offer 22 Apr 20 13.54% 154
Thomas Cook India Ltd. 57.5 Tender Offer 28 Feb 20 6.90% 150
Coral India Finance and Housing Ltd. 17 Tender Offer 14 Feb 20 24.86% 21.08
Tip Industries Ltd 140 Tender Offer 13 Feb 20 9.23% 18.9
Granules India Ltd 200 Tender Offer 21 Jan 20 4.92% 250
Aster DM Healthcare Ltd. 210 Tender Offer 09 Jan 20 1.13% 120
NIIT Technologies Ltd. 1725 Tender Offer 23 Dec 19 3% 336
Jagran Prakashan Ltd. 75 Open Market 09 Dec 19 4.55% 101.2
JB Chemicals and Pharmaceuticals Ltd. 440 Tender Offer 12 Nov 19 3.68% 130
Indiabulls Ventures Ltd 150 Tender Offer 11 Oct 19 12.61% 1000
IndiaBulls Real Estate Ltd. 100 Tender Offer 11 Oct 19 11% 500
Kaveri Seed Company Ltd. 700 Tender Offer 24 Sep 19 4.44% 196
HEG Ltd 5500 Tender Offer 26 Nov 18 3.41% 750
Bharat Heavy Electricals Ltd. 86 Tender Offer 25 Oct 18 5.16% 1628
Freshtrop Fruits Ltd 110 Tender Offer 23 Aug 19 8.23% 11
NIIT Ltd. 125 Tender Offer 10 Aug 19 15.99% 335
Star Cement Ltd. 150 Tender offer 21 Jun 19 1.62% 102
SmartlinkHoldings Ltd. 130 Tender Offer 14 Jun 19 24.85% 54.6
Adani Ports Ltd. 500 Tender offer 04 Jun 19 1.89% 1960
Triveni Engineering Ltd. 100 Tender Offer 03 Jun 19 3.88% 100
BSE Ltd 680 Tender Offer 07 May 19 13.61% 460
Greaves Cotton Ltd 175 Tender Offer 02 May 19 5.16% 240
KPR Mills Ltd. 702 Tender Offer 29 Apr 19 5.17% 263.31

 

All figures in Rs Crs except for face value and no. of shares:

Company FV No of Shares Equity Pre Equity Post Networth Pre Networth Post
Emami Ltd 1 6466667 45 45 2214 2026
Ramkrishna Forgings Ltd 10 1600000 33 31 8819 8795
Motilal Oswal Financial Services Ltd 1 2307692 15 15 3050 2902
Dalmia Bharat Ltd. 2 7142857 39 38 10561 10075
Delta Corp Ltd. 1 12500000 27 26 1955 1842
Just Dial Ltd. 10 3142857 65 62 1288 1099
Tanla Solutions Ltd. 1 19012346 15 13 702 567
Thomas Cook India Ltd. 1 26086957 38 35 1716 1592
Coral India Finance and Housing Ltd. 2 12400000 10 7 124 128
Tip Industries Ltd 10 1350000 14 13 80 75
Granules India Ltd 1 12500000 25 24 1765 1527
Aster DM Healthcare Ltd. 10 5714286 505 500 3160 3097
NIIT Technologies Ltd. 10 1947826 62 60 2303 1986
Jagran Prakashan Ltd. 2 13493333 59 57 1936 1862
JB Chemicals and Pharmaceuticals Ltd. 2 2954545 16 15 1584 1460
Indiabulls Ventures Ltd 2 66666667 115 102 6653 5787
IndiaBulls Real Estate Ltd. 2 50000000 90 80 3546 3146
Kaveri Seed Company Ltd. 2 2800000 14 13 1234 1044
HEG Ltd 10 1363636 40 39 4597 3861
Bharat Heavy Electricals Ltd. 2 189302326 734 696 31503 30253
Freshtrop Fruits Ltd 10 1000000 12 11 74 73
NIIT Ltd. 2 26800000 33 28 1924 1643
Star Cement Ltd. 1 6800000 42 41 1783 1688
SmartlinkHoldings Ltd. 2 4200000 3 3 245 199
Adani Ports Ltd. 2 39200000 414 406 25567 23685
Triveni Engineering Ltd. 1 10000000 26 25 1110 1020
BSE Ltd 2 6764706 10 9 2976 2530
Greaves Cotton Ltd 2 13714286 49 46 1007 795
KPR Mills Ltd. 5 3750855 36 34 1585 1341

 

Daily Notifications as on 7th July 2020

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https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200707-39

1. Scrip code : 532689
Name : PVR Ltd.
Subject : Sub: Outcome Of The Meeting Of The Board Of Directors
Rights Issue Price: Rs. 784 per Equity Share (including a premium of Rs. 774 per Equity Share over face value of Rs. 10 per Equity Share); and (b) Rights entitlement ratio:7 fully paid-up Equity Shares for every 94 Equity Share held by eligible shareholders as on the record date; and (c) the record date for the purpose of determining the shareholders eligible to apply for the equity shares in the Rights Issue as July 10, 2020 (‘Record Date’); and (d) Rights Issue schedule: – Issue opening date: July 17, 2020; – Issue closing date: July 31, 2020; and – Last date for on market renunciation: July 24, 2020. The ‘Letter of Offer’ will be filed with BSE Limited and the National Stock Exchange of India Limited and will be submitted with Securities and Exchange Board of India.

NLC India Ltd July 6, 2020

by Scrip Watch

NLC India Ltd
Electric Utilities
FV – Rs 10; 52wks H/L –72.5/35.05; TTQ – 2.04 Lacs; CMP – Rs 46 (As On July 6, 2020);                                  

Market Cap – Rs 6489 Crs

Consolidated Financials and Valuations (Amt in Rs Crs unless specified)

 
Equity Capital
Net worth		 Debt
Total
Sales		 PAT
BV
(Rs)
EPS (Rs)
P/E
Industry P/E
P/BV
Promoter’s
Stake
 FY20 1386.64 12905 24964 11593 1483 93 10.7 4.3 10.57 0.5 79.2
 FY19 1386.64 12769 18924 10778 1537 92 11 4.2 10.57 0.5 80.7

 

Valuation Parameters:

  1. Debt to Equity – 1.93
  2. ROE % – 11
  3. Market Cap/Sales – 0.6

NLC India and Coal India executed a Joint Venture Agreement on 3 July 2020 for formation of a Joint Venture Company (JVC) to develop Solar and Thermal Power assets to the tune of 5000 MW on pan India basis. (https://www.business-standard.com/article/news-cm/nlc-india-and-coal-india-to-form-50-50-jv-to-develop-solar-and-thermal-power-assets-120070400319_1.html)

 

The company on Friday (5 July) said it allotted CPs worth Rs 200 crore to State Bank of India, while CPs worth Rs 200 crore and Rs 100 crore were allotted to Nippon India Money Market Fund and Nippon India Low Duration Fund, respectively. (https://www.business-standard.com/article/news-cm/nlc-india-firms-up-on-raising-rs-500-cr-via-commercial-papers-120070300802_1.html)

 

Key Updates:

  • Solar Power Projects to the tune of 403.56 MW have been commissioned during the year.
  • Achievement of Thermal Plant Load Factor (PLF) of 71.95 % against the National Average of 61.07%.
  • Buy-back of equity shares comprising 9.29% of the paid-up capital at a price of 88 per share.
  • Synchronisation of Unit 1 – 500 MW of Neyveli New Thermal Power Station (NNTPS) in March 2019, the first of its kind for this capacity in Lignite based Thermal plants in India.
  • Power Trading License (Category I) for trading of Power has been granted by CERC. Power sold to DISCOMs at a competitive tariff.

During the year the company has achieved the following

Lignite Production 242.49 LT
Power Generation 20676.18 MU
Power Export 17505.30 MU

 

Overview:

  • The Company is presently operating lignite mines with a total installed capacity of 30.60 MTPA and considering the other Projects under formulation / implementation, the total lignite mining capacity will be increased to 62.15 MTPA by the year 2025.
  • Regarding coal mining, as stated earlier Talabira II & III coal mine project of capacity 20.0 MTPA in the State of Odisha has been allocated in favour of the Company while the Pachwara South Coal Block with a capacity of 11.0 MTPA has been allotted to NUPPL, the Subsidiary Company.
  • The above two projects aggregate to a coal mining capacity of 31.0 MTPA at the end of the year 2025.
  • The Company is presently operating thermal power plants with an aggregate capacity of 3140 MW, wind power of 51 MW & solar power plants of 743.56 MW and thus aggregating to a total installed capacity of 3934.56 MW.
  • Taking into consideration the power projects under formulation / implementation and also the envisaged acquisition of power assets, the Company is poised to grow to 21 GW power generating Company by the year 2025 including Subsidiaries.

The company is operating following Mines and Thermal Power Stations:

Mines :-

  1. Mine–I – This mine, located on the northern part of Neyveli Township in Tamil Nadu, is spread over an area of 26.69 sq km. This mine has reserve of 365 million tonnes and has a production capacity 10.5 million tonnes of lignite per annum. This mine feeds lignite to its 600 MW capacity of First Thermal Power Station and 420 MW Thermal Power Station (expanded).
  2. Mine–IA – This mine is spread over an area of 11.6 sq km. The mine has a reserve of 120 million tonnes with a production capacity of 3 million tonnes of lignite per annum. It caters to the need of 250 MW independent power project, in addition to the requirement of NLC’s Thermal Power Stations.
  3. Mine–II – This mine was sanctioned by the Government of India in February 1978 with a lignite production capacity of 4.7 mtpa which was increased to 10.5 mpta in 1983. This mine is spread over an area 27.74 sq km and has a reserve of 390 million tonnes.

Thermal Power stations :-

  1. (TPS)TPS–I –– This is South Asia’s first and only lignite–fired thermal power station. This plant was commissioned with one unit of 50 MW and currently possess six units of 50 MW each and three units of 100 MW each. The company has set up additional capacity of 420 MW. It has total generating capacity of 1020 MW
  2. TPS– II – This power plant was constructed in two stages in 630 MW and 840 MW. This power plant has a generating capacity of 1470 MW consists of seven units of 210 MW each.

Management:

  • Mr. Rakesh Kumar – Chairman & MD

Shareholding Pattern:

 

Share Price Trend:

 

 

Price History:

Year Open (Rs.) High (Rs.) Low (Rs.) Close (Rs.)
2010 154.5 180.65 115.55 133.55
2011 135 142.5 67.65 72.7
2012 72.35 105.3 70.6 80.9
2013 81.1 87.8 49 63.85
2014 64 108.5 54.55 80.25
2015 80.4 94.25 65.25 80.45
2016 81.45 86.35 60.35 76.45
2017 76.05 123 76 109.6
2018 110.45 119.75 65 69.65
2019 69.7 80.35 49.15 57.15
2020 57.55 62.55 35.05 46.8

 

Segment Revenue: (Rs. Crs)

Source – Audited Results

 

Financials  (Consoildated Financials in Rs Crs  unless specified):

Source – Annual Report

Risks:

  • Delay in realisation of Power dues
  • Power Surrender by the Beneficiaries Denial of agreed tariff due to delay in commissioning of project within the control period prescribed by Regulators .
  • Competition consequent to de-regulation in Indian Power Sector.
  • Stringent norms prescribed by RegulatoryAuthority affecting power tariff Cost and time over run of projects under execution Higher cost of lignite mining

 

 

 

 

Daily Notifications as on 6th July 2020

by NotificationsScrip Scan

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200706-44

1. Scrip code : 532921
Name : Adani Ports and Special Economic Zone Ltd
Subject : Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
update on Acquisition of Snowman Logistics Limited (‘Snowman’) by Adani Logistics Limited (‘ALL’)

2. Scrip code : 953465
Name : Adani Transmission Limited
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Acquisition of ‘Alipurduar Transmission Limited’ from Kalpataru Power Transmission Limited.

3. Scrip code : 540222
Name : Laurus Labs Limited
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
Furtherance to our disclosure dated July 01, 2020 regarding the completion of acquisition of 100% shares of Phekolong Pharmaceuticals Pty Ltd. we wish to further update that the name of Phekolong Pharmaceuticals Pty. Ltd., the Wholly Owned Subsidiary of the Company has been changed to Laurus Generics SA (Pty) Ltd, with effect from July 02, 2020.

4. Scrip code : 500338
Name : PRISM JOHNSON LIMITED.
Subject : Intimation Under Regulation 30 Of The SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30 of SEBl (Listing Obligations & Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has agreed to acquire 35,00,000 equity shares at a price of ` 37/- each aggregating to ` 12.95 Crores, constituting 35% in the total paid-up equity share capital of Sanskar Ceramics Private Limited. The Company presently holds 15% of the paid-up equity share capital in Sanskar. Subsequent to the aforesaid investment, the shareholding of the Company in Sanskar would increase to 50%. The details required under Regulation 30 of SEBl (Listing Obligations & Disclosure Requirements) Regulations, 2015 are given in Annexure A. We request you to kindly note and take the above information on record.

Daily Notifications as on 3rd July 2020

by NotificationsScrip Scan

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200703-31

1. Scrip code : 532369
Name : Ramco Industries Ltd
Subject : Announcement under Regulation 30 (LODR)-Acquisition
The Company has invested Rs.2.50 Crores in the Capital of Lynks Logistics Limited by way of subscribing to 2.50 Crores equity shares of Re.1/- each, through their Rights Issue. Consequent to the investment, the total shareholding of our Company in Lynks Logistics Limited is 20,19,00,000 shares of face value of Re.1/- each constituting 22.05% of its paid up share capital. The disclosure required under Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed. We request you to kindly take the above on record.

2. Scrip code : 542752
Name : Affle (India) Limited
Subject : Announcement under Regulation 30 (LODR)-Acquisition
This is to inform that Affle International Pte. Ltd., a wholly-owned Singapore subsidiary of the Company has entered into a definitive Share Subscription Agreement to acquire 8.0% ownership in OSLabs Pte. Ltd. incorporated in Singapore (‘Indus OS’)

3. Scrip code : 536507
Name : Future Lifestyle Fashions Limited
Subject : Future Lifestyle Fashions Ltd reply to clarification sought by the exchange
The Exchange had sought clarification from Future Lifestyle Fashions Ltd with respect to news article appearing on www.economictimes.indiatimes.com June 30, 2020, titled “Reliance Industries nears deal to acquire retail businesses of Future Group”. Future Lifestyle Fashions Ltd response is enclosed.

4. Scrip code : 500850
Name : Indian Hotels Co. Ltd
Subject : Announcement under Regulation 30 (LODR)-Acquisition
In terms of Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you of the following acquisition: 1. Taj Cape Town Hotel in Cape Town, South Africa, is owned by a South African wholly owned subsidiary (WOS) of IHMS Hotels (SA) Pty Ltd (IHMS). IHMS is a 50:50 joint venture between Ihoco BV (Ihoco), an overseas WOS of The Indian Hotels Co Ltd (IHCL), and Tata Africa Holdings (SA) Pty Ltd (TAH), an overseas subsidiary of Tata International Ltd. 2. Ihoco and TAH have executed a definitive agreement for Ihoco’s acquisition of the following investments of TAH in IHMS: a) The entire 50% holding of TAH in the shares of IHMS and b) The shareholder loans advanced by TAH to IHMS. 3. The transaction price is US$ 1 million. The final consummation of the transactions under the agreement is subject to certain regulatory approvals in South Africa. As a consequence, IHMS will become a WOS of Ihoco.

5. Scrip code : 540768
Name : Mahindra Logistics Limited
Subject : Announcement under Regulation 30 (LODR)-Acquisition
In compliance with Regulation 30(6) read with Schedule III and other applicable provisions of the Listing Regulations, we hereby inform you that the Investment Committee of the Board of Directors of Mahindra Logistics Limited (‘the Company’), at their Meeting held today viz. Saturday, 27 June 2020, have, inter-alia, approved further investment in Lords Freight (India) Private Limited, Subsidiary Company (‘Lords’) by way of purchase of 3,80,970 equity shares of Lords (representing 16.13% of equity share capital of Lords) from the existing promoter shareholders of Lords. We further inform you that presently the Company holds 82.92% of the share capital of Lords and on completion of the transfer formalities of said 3,80,970 equity shares of Lords, the Company’s shareholding in Lords would increase by 16.13%. Detailed disclosure as required under Regulation 30(6) read with Schedule III of the Listing Regulations & the SEBI Circular CIR/CFD/CMD/4/2015 dated 9 September 2015 is attached.

6. Scrip code : 531642
Name : Marico Limited
Subject : Announcement under Regulation 30 (LODR)-Acquisition
This is further to the intimation filed by the Company on March 17, 2017 informing about the investment by the Company in Zed Lifestyle Private Limited (‘the Investee Company’) equivalent to 45% of the issued and paid-up share capital of the Investee Company. The Company has now acquired the balance equity stake of 55% in the Investee Company from its existing shareholders. kindly take the above on record.

7. Scrip code : 532440
Name : MPS Limited
Subject : Announcement under Regulation 30 (LODR)-Acquisition
The Board in its meeting held today (i.e. July 1, 2020) considered and approved the purchase of 100% shares of HighWire Press Limited based at Northern Ireland by its wholly owned subsidiary company MPS North America LLC , USA. This acquisition will be done as per the Stock Purchase Agreement to be executed between MPS NA LLC and HighWire UK Holdings LLC, USA (‘Seller’). The Seller holds 100% of the NI Entity. NI Entity also owns 100% shareholding of Semantico Limited (‘UK Entity’). This acquisition is being done at a purchase price of USD 1,000,000. 2. The Board in its meeting held today (i.e. 1st July, 2020) also considered and approved to acquire the US business of HighWire Press, Inc. for a consideration of USD 6,100,000. The acquisition will be completed through the Company’s US branch and newly incorporated wholly owned subsidiary in Delaware, USA, HighWire North America LLC and to invest as initial capital up to USD 250,000 in HighWire NA LLC.

8. Scrip code : 531364
Name : PARAMONE CONCEPTS LIMITED
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Acquisition of 19.52% stake of ‘M/s. Jaatvedas Construction Co. Pvt Ltd.

9. Scrip code : 532369
Name : Ramco Industries Ltd
Subject : Announcement under Regulation 30 (LODR)-Acquisition
The Company has invested Rs.2.50 Crores in the Capital of Lynks Logistics Limited by way of subscribing to 2.50 Crores equity shares of Re.1/- each, through their Rights Issue. Consequent to the investment, the total shareholding of our Company in Lynks Logistics Limited is 20,19,00,000 shares of face value of Re.1/- each constituting 22.05% of its paid up share capital. The disclosure required under Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed. We request you to kindly take the above on record.