On July 21, 2016 Norges Bank- Government Pension Fund Global bought 12,00,000 shares of Century Plyboards at Rs 225.
On July 21, 2016 Sundaram BNP Paribas Tax Saver (Open Ended) Fund bought 15,77,943 shares of Star Ferro at Rs 103.07.
Company expects Rs 75 crore in revenue from its new Chennai plant in the first year of production, says Century‘s MD and CEO Sanjay Agarwal. New plant will be operational by April
Sanjay Agarwal of Century Plyboard says though bottomline is better than last year, it is only because of costing and sourcing of cheaper raw materials. However, topline and capacity utilisation are still a matter of concern
Sanjay Agarwal, MD & CEO of Century Ply is hopeful of sustaining EBITDA margins at current levels of around 16 percent for two years on back of reduced raw material costs.
Talking about his company‘s performance, Sanjay Agarwal, MD & CEO, Century Plyboard said second quarter of the fiscal is likely to be better than the first quarter but could not commit on 17 percent revenue growth for FY16.
Deutsche Bank continues to see pick up in domestic flows and a 15-16 percent earnings growth this year for India.
The company will be taking a price hike of 4 percent from December 1
In an interview to CNBC-TV18, Sanjay Agarwal, MD & CEO of Century Plyboard, said they haven‘t gone ahead with the divestment part yet but are â€œmarketing their shares for the futureâ€.
The employees of the grounded Kingfisher Airlines, who were on a hunger strike, called it off this evening though airline chairman Vijay Mallya reportedly expressed inability to pay salary arrears.
Kingfisher Airlines chairman Vijay Mallya on Friday told his agitating employees, who began a hunger strike, that he did not have money to clear their salary dues.
Grounded Kingfisher Airlines made another attempt to convince DGCA on its revival plans, but failed to provide any details on its funding which the aviation regulator wanted.
Air carriers may be flying through rough weathers, but their top executives have got handsome pay hikes, while CEO of crisis-ridden Kingfisher has emerged as the second-highest paid among all his peers at Vijay Mallya-led UB Group.
Adding to Kingfisher Airlines' woes, countrywide protests were staged by the airline employees after CEO Sanjay Agarwal cancelled a meeting with them on Friday.
The meetings between Kingfisher Airlines's CEO Sanjay Agarwal and the airline's employees in Bangalore and Chennai scheduled for Friday was cancelled a day after banks finally agreed to release Rs 60 crore to the cash-trapped airline.
Trouble also continues for Vijay Mallya-promoted Kingfisher Airlines. A day after its flights were grounded by a strike, Kingfisher CEO Sanjay Agarwal met the Director General of Civil Aviation (DGCA) and promised to restart operations by Friday.
The CEO of the cash-strapped Kingfisher Airlines, Sanjay Agarwal, said on Tuesday that flight operations are expected to begin on October 4, soon after his meeting with the Directorate General of Civil Aviation (DGCA) ended.
The Directorate General of Civil Aviation (DGCA) is carrying out a safety audit of Kingfisher Airlines (KFA). DGCA sources say, KFA's licence cancellation is unlikely.
Cash-strapped Kingfisher Airlines, whose losses widened by a whopping 147% in the last quarter, today told aviation regulator DGCA it had curtailed its flight operations due to the grounding of six of its 17 aircraft fleet and pilots' strike.
Sanjay Agarwal, chairman and managing director of TEXMO Pipes and Products told CNBC-TV18 that the company targets close to Rs 200 crore sales for this financial year. He also mentioned that the Dealer’s Conference, scheduled on September 17, might give the company orders worth Rs 10 crore in a single day.
Sanjay Agarwal, chairman and managing director, Texmo Pipes said that the company is looking to enter the Chlorinated Polyvinyl Chloride (CPVC) pipes and fittings space.
In an interview with CNBC-TV18, Sanjay Agarwal, CMD of Texmo Pipes and Products spoke about the company's GDR issue from which it is looking to raise USD 10 million. He said the proceeds of the issue would be for the expansion of the existing products range and to get into new products.