Coal India may drop on weak Q2 results

Coal India's consolidated net profit fell 77.37% to Rs 600.44 crore on 6.77% decline in total income to Rs 17625.09 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 13 December 2016.

Reliance Industries (RIL) announced that Global Business Innovators launched $1 billion investment fund for the next generation energy technologies. The members of the Breakthrough Energy Coalition (BEC) have committed to invest more than $1 billion in Breakthrough Energy Ventures (BEV), an investor-led fund that will finance emerging energy breakthroughs to deliver affordable and reliable energy with the goal of reducing global greenhouse gas emissions to near-zero. The announcement was made after market hours yesterday, 13 December 2016.

NTPC announced that it has decided to raise Rs 3925 crore through private placement of secured non-convertible debentures at a coupon of 7.37% per annum with a door to door maturity of 15 years on 14 December 2016. The proceeds will be utilized to finance capital expenditure/refinancing the debt requirement in on-going projects and other general corporate requirements. The announcement was made after market hours yesterday, 13 December 2016.

Power Grid Corporation of India announced that POWERGRID Warora Transmission Limited, a wholly owned subsidiary of the company, secured though tariff based competitive bidding (TBCB), has successfully completed the element - LILO of existing Seoni-Bina 765kV S/C line at Gadarwara STPP and declared the same for commercial operation on 30 November 2016. The announcement was made after market hours yesterday, 13 December 2016.

Wockhardt announced that UK MHRA has confirmed that the company's manufacturing unit at Kadaiya, Daman complies with the principles and guidelines of Good Manufacturing Practices. In view of this, the approval status of the unit continues. The announcement was made after market hours yesterday, 13 December 2016.

Amtek Auto posted net loss of Rs 755.18 crore in Q2 September 2016 compared with net loss of Rs 158.62 crore in Q2 September 2015. Total income fell 40.16% to Rs 498.92 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 13 December 2016.

Alok Industries posted net loss of Rs 527.71 crore in Q2 September 2016 compared with net loss of Rs 262.60 crore in Q2 September 2015. Total income fell 38.95% to Rs 2020.19 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 13 December 2016.

Thomas Cook (India) announced that the board of directors of the company at a meeting held on 13 December 2016 considered and approved to offer, invite, subscribe, secured or unsecured, redeemable, non convertible debenture upto Rs 300 crore, on private placement basis subject to the approval of the members through postal ballot. The announcement was made after market hours yesterday, 13 December 2016.

Jindal Steel & Power announced that Jindal Power, a subsidiary of Jindal Steel & Power has successfully obtained commercial date of operation (COD) in respect of 4th and last unit of 2400 megawatts power plant at Tamnar from 12 December 2016. The announcement was made after market hours yesterday, 13 December 2016.

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