Ahmedabad 30-10-2015 CHANAKYA Friday NI POTHI CG to sell power biz How a rail link will put Ib- Exide Industries profit up to PTI Holdings valley on the country’s coal map The Avantha Group company the transformer business as a part A project scheduled for producing a mere 8.5 mt from CG has announced the sale of its of the acquisition of the Pauwels 24% on weak lead prices completion in 2009 is close Vasundhara and Kuldah Canadian power transformer group. The business unit is based to seeing the light of day. opencast mines, with a business to PTI Holdings Corp for in Winnipeg, Canada. It The 48-km Jharsuguda- combined capacity of 21 mt. Weak market conditions against a marginal decline in net decline since the beginning of notwithstanding, the lead-acid sales from approximately Rs. this fiscal and touched 52-week C$20 million. The deal is subject manufactures power transformers Barapali rail link — Because it is a struggle to battery major Exide Industries on 1,760 crore to Rs. 1,736 crore. low this month. to post-closing adjustments and for utilities across Canada. It designed to evacuate coal evacuate fuel from the Wednesday reported nearly 24 The profits were clearly PK Kataky Managing regulatory approvals. The transfer manufacturing capacity is 7,200 from the resource rich Ib- region, much of the per cent rise in net profit in July- attributed by nearly 24 per cent Director and CEO admitted the of the business will be effective MVA per year and it employs valley region of Odisha — production is piled up at September quarter, riding decline in raw material cost from positive impacts of decline in raw October 27, CG said in a around 200 people, the statement was till May 2014 making pithead. statement. In 2005, CG took over said. primarily on decline in raw Rs. 1,007 crore. The mammoth material cost. According to him, limited progress because of Sahay says the rail link material costs. Rs. 315 crore savings on raw efforts of the management over issues of forest clearances will put Ib-valley on the The company has also material cost came on the back the years towards cost reduction Lite Bite Foods and land acquisition. country’s coal map. “With announced an interim dividend of steady decline in lead prices have started bearing fruit. This, The Modi government’s evacuation facilities in place, of Rs. 1.60 on shares of Rs. 1 over the last six months. “along with softer lead price have arrival changed everything. MCL can produce up to 20 mt face value each. Lead is the primary raw led to significant improvement in “Except a few stretches of in 2016-17 itself,” he says. Exide’s net profit went up to material to manufacture lead- EBIDTA (earnings before launches FooGo app 50-100 metres, the track laying resolved in the next few months Production will increase to Rs. 156 crore during the last acid batteries that has both interest, taxes, depreciation and Lite Bite Foods has launched consumer tastes and choices by is nearly complete,” says AN and I wouldn’t be surprised if the nearly 50 mtpa over the next quarter from nearly Rs. 126 crore automotive and industrial amortization) margin in the a new food discovery and delivery allowing customers to skip the Sahay, Chairman of Sambalpur- line is thrown open before the couple of years as new mines in the corresponding period last applications. The base metal September quarter,” he said in a app at the Mumbai and Delhi queue at airport restaurants. We based Mahanadi Coalfields Ltd. end of the revised deadline in such as Garjanbahal are brought year. The higher profits came price was consistently on the company release. airports called FooGo. This app have also kept the app open for MCL is a wholly-owned June 2016,” Sahay told Line . on stream. enables travellers discover places restaurant brands to get listed on subsidiary of state-owned Coal Shot in the arm CIL will also have in place to eat and also offers them the it, as it plays a significant role in India. So, what does it mean for facilities to move coal by a Max Healthcare to acquire BK option of having a meal delivered generating business.” Sahay, who on Wednesday Coal India or its consumers? conveyor belt from mine to silos at their check-in gate within their Lite Bite, which operates made a trolley-inspection of the Higher output. for mechanised loading into boarding time. travel food & beverage retail single-track rail link, said By current estimates, the wagons. Modi’s Saket City Hospital Amit Burman, Chairman, company, said consumer mobile construction is held up in a few Vasundhara area in Ib-valley can “In the next four-five years, said: “The FooGo app provides us media was a key focus for the places due to such minor issues produce a minimum of 80 million Ib-valley will be India’s major Max Healthcare, which owns a platform to interact with the company. as shifting of overhead electricity tonnes a year. This includes coal producing zone with track a chain of super speciality lines or demands from villagers Siarmal deposits that alone can capacity doubled and large hospitals in North India, has JSW Energy posts Rs. 491 for road over-bridges. “I am sure produce 50 mt a year. mining projects in place,” adds decided to acquire 51 per cent the pending issues will be But till last year, CIL was a confident Sahay. stake in Saket City Hospital in South Delhi from BK Modi’s cr profit on low fuel cost Singapore-based Smart Health City Pte Ltd, the company holding Beating an atmosphere of subsidiary of Jaiprakash Power VW extends test & fix plan this hospital asset. gloom in the power sector, JSW Ventures Ltd, for an asset value of Max Healthcare, which Energy has clocked a 54 per cent Rs. 9,275 crore. announced the deal on Wednesday, increase in net profit for the It resulted in increasing of did not disclose the value of the quarter ended September 30. power generation capacity to 4,531 for India-made diesel cars transaction, saying it was “subject The profits were higher due to MW from 3,140 MW. to confirmatory diligence, requisite increase in income from The fuel cost for the quarter German carmaker regulatory approvals and other operations and reduction in under consideration declined by 12 Volkswagen hopes that Indian customary conditions.” expenses on fuel. per cent year to Rs. 1,070 crore authorities will accept a plan Saket City Hospital, adjacent For the quarter, the company from Rs. 1,223 crore in the year similar to the one that the to Max Super-Speciality Hospital reported a net profit of Rs. 491 ago quarter. company has agreed upon with in the area, will be now rebranded crore, which in the year ago The dip in fuel cost was due the European authorities to test as Max Smart Super Speciality quarter was Rs. 318 crore. to reduction in the FOB cost of and fix the diesel engines affected Hospital, the company said in a The income from operations imported coal driven by lower by the emissions cheating scandal statement. for the quarter increased by 12 per international prices. that hit the company recently. The BK Modi-owned Saket cent to Rs. 2,419 crore ( Rs. 2,216 At the closing of the trading A task force is looking into the City Hospital began operations in Healthcare, said: “The ability to destination.” crore). hours on the BSE, the stock was issue of India-made diesel cars. 2013 and has 230 beds. It plans to create a 2,000 bed world class Andre Meyer, CEO, Life During the quarter, the at Rs. 87.85, a decline of 3.62 per “As the engines for India are expand this to 300 beds. integrated Medicity is a life Healthcare, South Africa, said: company acquired Himachal cent over the previous closing using that homologation “Max Healthcare plans to changing opportunity for Max “This brownfield expansion will Baspa Power Company Ltd, a price. procedure, we think that could be further expand this facility by 900 Healthcare.” accelerate value creation. Max a master plan to talk to the Indian additional beds, thereby expanding BK Modi, Founder & Healthcare is our first large-scale government and we hope for their Saket City Hospital’s capacity to Chairman, Smart Global Group, healthcare platform outside Amara Raja posts acceptance. The plan is a detailed India-made diesel cars were hatchback till further notice. 1,200 beds,” the company said, said: “The partnership will be Southern Africa and its continued schedule for all types of engines, affected. Volkswagen was found to have adding that together with Max transformational for healthcare success has strengthened our Super Specialty Hospital, it will delivery in North India. Max’s commitment to India….” what we are going to do and how After the emissions scandal fudged on the emission tests of its now have a footprint of over 2,000 reputation as a premier healthcare Multinational consultancy we are going to test the engines broke out, the Government of diesel engine cars in the US, Rs. 123 cr net in Q2 beds in Saket, “making it one of provider and the expertise of their firm EY acted as the advisor to the and when we are going to release India ordered an investigation following which its then CEO the largest single-location international joint venture partner transaction. Backed by robust the corresponding quarter last a new software batch or even whether diesel vehicles sold in Martin Winterkorn quit.