l&t sets rs 2 lakh cr revenue target by 2021 unick fix-a ... of bm/news paper... · bsnl offers...
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7BIZ NEWS IN NUTSHELLBSNL offers unlimited3G plan for Rs 1,099
New Delhi,To counter competitors, state-run BSNL on
Wednesday announced a national unlimited 3G mo-bile data plan for Rs 1,099 and doubled the data us-age limit in some existing plans. “Due to improve-ment in the network, BSNL has been gaining custom-ers,” said BSNL CMD Anupam Shrivastava. “We arenow the first in the industry to offer an unlimited 3Gplan for Rs 1,099 without reduction in speed,” he said.BSNL added the most number of subscribers in Aprilfor a third month in a row, as per data from TRAI.
Supertech to enter healthcaresector, invest Rs 300 crore
New Delhi,Realty firm Supertech Ltd on Friday said it will
enter into the healthcare sector and invest Rs 300crore to open four hospitals in the next 3-4 years.The Noida-based developer will open hospitals inits integrated township projects.
“In the initial phase, the company will invest Rs100 crore to open its first 100-bed super specialityhospital in their residential complex ‘Cape Town’ insector 74, Noida,” the company said in a statement.
“This will be followed by the launch of more hos-pitals in the next 304 years with an investment of Rs200 crore,” it added. The construction for the firsthospital in Noida has already commenced and isexpected to be completed by May 2017, the state-ment said. The hospital will be well-equipped withlatest technology, best infrastructure and a team ofspecialists to address the needs of patients.
Sahara chief offers to pay in SCRs 300 cr as bank guarantee
New Delhi,Sahara chief Subrato Roy on Friday offered in
Supreme Court to pay an additional Rs 300 crore toSEBI but said the amount should be adjusted as bankguarantee. A bench headed by Chief Justice T SThakur directed that the matter be listed next weekafter senior advocate Kapil Sibal, appearing for Roy,mentioned the matter before it. “I am ready to payadditional Rs 300 crore but this amount should beadjusted as a bank guarantee,” Sibal told the benchthat also comprised justice A M Khanwilkar and DYChyandrachud. On August 3, the SC had extendedthe parole of Roy till September 16 with a conditionthat he has to deposit Rs 300 crore with SEBI. Roy’sparole, granted on humanitarian grounds followingthe death of his mother, was extended after he haddeposited Rs 300.68 crore, giving him the opportu-nity to raise the remaining amount to secure bail inthe case. The SC had allowed the Sahara Gr to goahead with sale and alienation of their propertiesto raise an amount of Rs 5,000 crore as a bank guar-antee which they have to deposit in addition to Rs5,000 crore to get bail for Roy.
Credit growth may improvein H2 in refinance, telco demand
Mumbai,Terming the ‘laggard’ credit growth as a ‘worry-
ing’ trend, the economic research wing of country’slargest lender SBI on Friday said refinance opportu-nities and spectrum payout by telcos after the Sep-tember auction hold hope for the banks.
“The worrying thing is that credit growth con-tinues to be laggard,” it sad in a note, adding, thereis some hope for an uptick in the second half of thefiscal. The slowdown is primarily due to a stagna-tion in protects, and the low-risk refinancing loansof completed infrastructure projects in sectors likepower and roads will help push the credit growth. Itexpects the industry’s credit growth to come at 13-14 per cent for the fiscal. The telecom auctionsscheduled in September will also result in somecredit expansion opportunities for the lenders, thereport said. Apart from this, the housing, cement andauto components sectors will sow some increasedappetite for credit, it said.
L&T sets Rs 2 lakh cr revenue target by 2021Mumbai,
Engineering majorLarsen & Toubro has set atarget of almost doubling itssales to Rs 2 lakh crore by2020-21, its Chairman AMNaik, who will be treatingnext year, has said.
Addressing the share-holders at the company’s71st annual general meet-ing here, he said: “I wouldlike to take this opportunityto share my vision of theL&T of tomorrow. Our goalis to achieve a revenue of Rs2 trillion by 2020-21 withoutcompromising on our mar-gins and achieving an orderinflow in excess of Rs 2.5 tril-lion per annum.” Naik, whohas been associated withcompany for over 4 de-cades, exuded confidencethat with the economystarting to turn around thistarget is achievable, pro-vided the right strategy andon-ground execution.
He also drew his opti-mism from the strategic ad-vice the company has re-ceived from two interna-tional consultants to reachthese targets.
As per of sharpening thebusiness focus, Naik sad thecompany has “identified se-lect growth businesses inL&T’s board portfolio. Theseinclude IT, technology ser-vices, defence, smart world
and water management.“Our strategic plan in-
volves reallocation of re-sources - both talent andcapital - to businesses withvisible value creation poten-tial. As most of these arealso asset-light businesses,the initiative will be in linewith our larger objective ofbuilding an asset-light orga-nization,” the Chairmansaid.
The country’s largestengineering and construc-tion behemoth had re-ported consolidated rev-enue of Rs 1,03,522 crore forthe year ended March 31,2016, a 12 per cent over theprevious year, and its con-solidated net income for theyear rose just 7 per cent toRs 5,091 crore. He also ex-pressed the hope that in thecoming years digital leverson profitability and growthwill extend deeper into theorganization, alter pro-cesses and yield dramati-cally superior outcomes.
Group companies L&TInfotech and L&T Technol-ogy Services will play a keyrole in this process, he said,adding that for our technol-ogy arms, these enterprisewide initiative swill act as aready-to-market showcase,enhancing client confi-dence in their capabilities.
On the economy, Naik
said, “We are at the cusp of aturn around. All indicatorsare positive. The govern-ment thrust on infrastruc-tures and the make in Indiainitiatives provide a range ofopportunities for L&T.”
The opening up of theDefence sector will lead tobusiness opportunitiesworth Rs 13 lakh crores overthe next 10 years, he saidand added with the resolu-tion of issues relating to fuelsupply and a clearer under-standing on nuclear liabilityissues, the Nuclear Powersector is expected to growsignificantly in the yearsahead.
Being one of the largestplayers on nuclear energyfront, L&T stands to gain alot from this nuclear powersector as the issues relatingto fuel supply and a nuclearliability has been resolved,he said.
Further, he said, the esti-mated business opportu-nity from this over the next10 years is around Rs 50,000crore.
On the infra front, the
Chairman said over 1,000project worth over Rs 1.4lakh crore are in the pipelinein areas like roads, ports, air-ports, rail heads.
“L&T has both the ex-pertise and the track recordto make the most of each ofthese opportunities. Overthe years, we have setbenchmarks, only to surpassthem ourselves,” he said.
On the ongoing tech-nology-driven leadershipdrive at the company, Naiksaid, “This is more than astatement of intent. It is atthe heart of the new L&T.Our mission is profitablegrowth through technologyleadership. “Since 2000, wehave developed and rigor-ously implemented a five-year strategic planning pro-cess. We are now in thefourth wave of thisprogramme,” he said.
To achieve the set objec-tives, the company haspartnered with two globalstrategic consultancies toobtain an outside in per-spective of our business,”Naik added.
WESTERN TIMES AHMEDABADMONDAY, 5/9/2016
Place : AhmedabadDate : 3rd September, 2016
CIRCUIT SYSTEMS (INDIA) LIMITED
By Order of the Board, FOR CIRCUIT SYSTEMS (INDIA) LIMITED,
PARESH VASANIMANAGING DIRECTOR
NOTICE is hereby given that the 21st Annual General Meeting (AGM) of the Members of Circuit Systems(India) Limited (‘the Company’) will be held on Friday, the 30th September, 2016 at 4.00 p.m. at A-1001-1002, Titanium Square, Thaltej Cross Road, S. G. Highway, Ahmedabad – 380 054, to transact thebusiness as set out in the Notice dated 1st August, 2016 convening the AGM.The Notice of the 21st AGM and Annual Report for the financial year 2015-16 have been sent by email toall those members of the Company whose email IDs are registered with the Company/DepositoryParticipants and the physical copies of the same have been sent to all other members at their registeredaddress in the permitted mode. Members desiring to receive the said documents in physical form willcontinue to get the same in physical form free of cost upon request.NOTICE is hereby further given that pursuant to Section 91 of the Companies Act, 2013 read with rulesmade there under, the Register of Members and the Share Transfer Books of the Company will remainclosed from Friday, the 23rd September, 2016 to Friday, the 30th September, 2016 (both days inclusive),for the purpose of 21st AGM of the Company.As per the Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Managementand Administration) Rules, 2014, the Company is providing its members the facilities to cast their vote by‘Remote e-voting’ (i.e. e-voting from a place other than venue of AGM) on all the resolutions set forth inthe said Notice. The details as required pursuant to the provisions of the Companies Act, 2013 and Rulesmade there under are given here under:
1. Date of completion of 3rd September, 2016dispatch of Notice of AGM
2. Date & Time of 9.00 a.m. on 27th September, 2016commencement ofRemote e-voting
3. Date & Time of end 5:00 p.m. on 29th September, 2016of Remote e-voting
4. Cut-off date for determining 23rd September, 2016rights of entitlementof Remote e-voting
5. Those persons who have acquired shares and have become members of the Company afterdispatch of notice of AGM by the Company and whose names appear in the Register of Membersof the Company/ in the statement of beneficial owners maintained by depositories as on cut-off date can exercise their voting rights through Remote e-voting by following the procedureas mentioned in the said Notice of AGM.
6. Remote e-voting shall not After 5:00 p.m. on 29th September, 2016be allowed beyond
7. Manner of casting The facility of voting through ‘Ballot Paper’ shall be madevote on resolutions available at the venue of AGM. E-voting facility will not beat the venue of AGM made available at the venue of AGM. Members who have already
cast their vote by remote e-voting prior to the AGM can attend theAGM but shall not be entitled to cast their vote again at AGM.
8. Notice of 21st AGM is www.mycsil.com ;available on Company’s www.cdslindia.com ; www.evotingindia.comwebsite & on CDSL website
9. Contact details of person Ms. Sreepriya K.responsible to address M/s. Cameo Corporate Services Limitedthe grievances connected ‘Subramaniam Building’ No.1, Club House Road,with remote e-voting Chennai- 600002, Email :- [email protected]
Tel. : 91-44- 2846 0390
NOTICE FOR 21ST ANNUAL GENERAL MEETING, BOOK CLOSURE AND E-VOTING
[CIN: L74140GJ1995PLC024524]A-1001-1002, Titanium Square, Thaltej Cross Road, S. G. Highway, Ahmedabad – 380 054
RelianceCementbecomessubsidiary ofBirla Corp
Kolkata,Reliance Cement Com-
pany Private Ltd. (RCCPL)has become a subsidiary ofthe city-based Birla Corpo-ration Ltd., the companysaid in a stock exchange fill-ing. “The company has ac-quired 100 per cent of theequity shares of RCCPL fromReliance Infrastructure Ltd.”In February, BCL had agreedto buy RelianceInfrastructure’s cementbusiness for Rs 4,800 crore.The acquisition takes BCL’sannual capacity from 10 mil-lion tons (MT) to 15.5 mil-lion tons with a bonus ofmineral concessions in MP,Rajasthan, Karnataka, AP,and HP.
Place : AhmedabadDate : 05.09.2016
BY ORDER OF THE BOARDFOR UNICK FIX-A-FORM & PRINTERS LTD.
sd/-Bhupen Vasa
MANAGING DIRECTOR.DIN-00150585
UNICK FIX-A-FORM & PRINTERS LTD.(CIN L25200GJ1993PLC019158)
Regd. Off: Block No. 472, Tajpur Road, Changodar,Taluka: Sanand, Ahmedabad: 382213
Tel: 91-9978931303/04/05. Email:[email protected]: www.unickfix-a-fom.com
NONONONONOTICE OF 24TICE OF 24TICE OF 24TICE OF 24TICE OF 24ththththth AAAAAGM,GM,GM,GM,GM, REMO REMO REMO REMO REMOTE E-VTE E-VTE E-VTE E-VTE E-VOOOOOTINGTINGTINGTINGTING& BOOK CL& BOOK CL& BOOK CL& BOOK CL& BOOK CLOSUREOSUREOSUREOSUREOSURE
NOTICE is hereby given that the 24th Annual General Meeting(AGM) of the Members of the Company will be held at BlockNo.472 Tajpur Road Changodar Ta Sanand Dist Ahmedabad382213 on Thursday 29th September, 2016 at 5.00 p.m to transactbusiness mentioned in the notice of the meeting dispatched tothe members of the Company.The Notice of the 24th Annual General Meeting can also beaccessed from the website of the Company: www.unickfix-a-fom.com and the website of the CDSL: www.cdslindia.comShareholders, to whom annual report sent by email but who wishto receive physical copies of the Annual Report may write to theSecretarial Department at the Registered Office of the Companyor send an email to [email protected]
Your Company is pleased to provide e-voting facility through CDSL.The voting rights shall be as per the number of equity shares heldby the members as on 22nd September, 2016 (cut-off date).Remote E-voting will commence on 26th September, 2016 at 9.00a.m and ends on 28th September, 2016 at 5.00 p.m. The e-votingmodule shall be disabled by CDSL for voting thereafter. It mayplease be noted that the votes given by any member through e-voting facility shall be treated as final and binding and theshareholder will not be allowed to change it subsequently. Thefacility for voting through electronic voting system or poll or ballotpaper shall be made available at the meeting and the memberswho have not cast their voting through remote e voting shall beable to vote at the meeting. The members who have cast theirvote through remote e-voting may attend the meeting but shallnot entitled to cast their vote again.
Any person who has acquired shares of the company afterdespatch of the notice, my get their Login ID and password byfollowing the instruction given in the notice of the meeting.
For detailed instructions pertaining to E-Voting, members mayplease refer Notes to Notice of the AGM. In case of any queriesor grievances pertaining to E-Voting procedure, shareholders mayget in touch with Secretarial Department of the Company at theRegistered Office of the Company or the e-mail ID as mentionedaforesaid.
Notice is also hereby given that pursuant to Section 91 of TheCompanies Act, 2013 the Register of Members and Share TransferBooks of the Company will remain closed from 21st September,2016 to 28th September, 2016(both days inclusive) for the purposeof AGM.
GMR Infra to developMopa airport in Goa
Panaji,Bangaluru-based GMR
infrastructure has wonthe final financial bid forconstruction of thegreenfield airpor t atMopa in North Goa, ChiefM inister Laxmik antParsekar announced hereon Friday.
The claims of all bid-ders were opened on Fri-day by a committee com-prising senior Governmentofficials.
“GMR has won the fi-nancial bid and it waspledged 36.99 per centrevenues sharing with theState Government afterthe airport becomes op-erational” the chief minis-ter told reporters.
He said other bidderslike Airport Authority of In-dia and ESSEL Infra hadquoted 32.31 per cent and27 per cent as the revenueshare from the projectwith State Government,which will be operationalon BOOT (build, own, oper-ate, transfer) basis.
The airport is plannedin the Northern most partof the state adjoiningMaharashtra.
Prime MinisterNarendra Modi is expectedto lay the foundation stonefor the project during sec-ond week of September.
This would be the sec-ond airport in the coastalstate after Dabolim airportin South Goa.