WAPCOS CMD presents Rs 15 cr dividend cheque to Uma Bharti

R K Gupta, CMD of Water and Power Consultancy Services (WAPCOS) Ltd, presented a dividend cheque of Rs 15 crore to Union Minister for Water Resources, River Development and Ganga Rejuvenation Uma Bharti here today.
During the year 2013-2014, the gross income of the company has increased by 56.03 per cent, net-worth by 23.82 per cent and gross margin by 22.56 per cent as compared to the year 2012-2013, a press release here said.
WAPCOS Ltd, a public Sector Enterprise of the Ministry of Water Resources, has declared this dividend for the year, which is the highest since its inception in 1969.

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FedBook relaunched with new features
* Kerala based Federal Bank has re-launched FedBook, its trendsetting electronic passbook launched last year, with new features.

Customers can now keep monitoring their loan accounts, keep track of their cheques and view their deposit accounts with ease, a bank release said.
The new version of FedBook provides the account holders with features such as current balance, interest rate, loan period, instalment amount, due date of remittance and amount due, of their various loan accounts on their cell phones.
In the case of deposit accounts - Recurring and Fixed Deposits, Deposits with re-investment plan (Cash Certificates) -- the opening balance, latest balance, interest rate, date of opening, maturity date, period of deposit, among others, can be viewed. The application can also provide the full list of deposits of the customer sorted out in the order of maturity.

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New Rs 40 crore plant inaugurated
* Aiming to meet the future growing demand from India, Herotec group inaugurated its new state-of-the-art integrated facility in Keeranatham on the city outskirts today.
Built with an investment of Rs 40 crore, the expanded plant was to meet the ever increasing demand for the niche hemming and assembly fixture solution of the group in the Indian market, Katsutoshi Uno, Chairman and CEO, Herotec, said on the sidelines of the inauguration.
The continuous investment in India since 2005 demonstrated the group's commitment to the country's automotive market and the new investment of Rs 40 crore was in addition to the Rs 25 crore already made for the manafacturing facilities in 2011, he said.

The plant has a built up area of 2,700 sq metres for assembly fixture design and 4,500 sq metres for welding fixture assembly with try out facilities and replaced the previous rented facility to meet the demand from Indian automotive car manufacturers.
The Indian operations, here and in Pune, also supported the Hiroshima-based group's global requirements in the design and manufacturing assembly fixture, he said.