International Development News
Development News Edition

Shree Cement Jul-Sep profit jumps five-fold to Rs 313 cr


Shree Cement Jul-Sep profit jumps five-fold to Rs 313 cr
Image Credit: Pixabay

Shree Cement Ltd on Saturday posted a five-fold rise in consolidated profit at Rs 313.30 crore for the quarter ended September 30, 2019. The company had posted a consolidated profit of Rs 63.77 crore in the year-ago period, it said in a filing to BSE.

The consolidated total income of the company increased to Rs 3,063.08 crore, over Rs 2,907.02 crore in the year-ago period. It added that the board at its meeting on Saturday approved raising up to Rs 3,000 crore by way of issuance of equity shares.

The board approved "raising of funds by way of issuance of equity shares...an aggregate amount not exceeding Rs 3,000 crore, subject to the necessary approvals including the approval of the members of the company through postal ballot and other regulatory/statutory approvals," the filing said.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


  • READ MORE ON:
  • BSE

TRENDING

OPINION/BLOG/INTERVIEW

No lessons learnt, Delhi again facing haze and hazardous Air pollution

While the parliamentarians in the Rajya Sabha Upper House were engaged in allegations and counter allegations on Thursday, the pollution was rising outside which soon took the form of a haze....

How to turn the aging population productive, ADB shows the path

Mature and older workers are not necessarily unproductive, and they may perform continuously well in certain types of work, but their productivity in others may naturally decline. In addition, the scarcity of young-to-middle-aged workers co...

How music can help expectant mothers during pregnancy

Music provides pleasant ambience for all but its more important for expectant mothers as besides ensuring pleasant environment for them it also directly and indirectly influences the unborn babies. There are various scientific findings to c...

EdTech: A technical approach to flexible and cost-effective education

Its hight time for the world to go for innovative approaches like e-learning over traditional learning methods that need physical infrastructure, long-term planning, and huge investment. ...

Videos

Latest News

UPDATE 2-Euro zone bond yields slip after PMIs, shrug off Lagarde speech

Most euro zone government bond yields fell on Friday after data showed euro zone business growth almost ground to a halt this month while activity in the dominant services industry rose at a much weaker pace than expected. In her first poli...

AI solution to design new tuberculosis drug

Researchers have developed a software tool that is likely to assist in creating more effective treatments for tuberculosis. This could replace our traditional trial-and-error system for drug development that is comparatively slow and expens...

Sri Lankan Tamils prefer Premadasa over Wickremesinghe to lead main Opposition

The Tamil minority in Sri Lanka will prefer losing presidential candidate Sajith Premadasa to be the main Opposition leader in place of former prime minister Ranil Wickremesinghe, the main Tamil party TNA said on Friday. The Tamil National ...

Petition filed in SC against post-poll alliance of Congress, NCP and Shiv Sena

A petition was filed in the Supreme Court by Surendra Indrabahadur Singh, a resident of Maharashtra, against the post-poll alliance between the Shiv Sena, Nationalist Congress Party NCP and Congress from forming the government in Maharashtr...

Give Feedback