Indiabulls Real Estate in focus after Q1 result

 Indiabulls Real Estate in focus after Q1 result
17/08/2018 , by , in News/Views

Indiabulls Real Estate reported 5.31% fall in consolidated profit after tax to Rs 117.50 crore on 38.47% rise in revenue from operations to Rs 810.90 crore in Q1 June 2018 over Q1 June 2017. The announcement was made after market hours on Tuesday, 14 August 2018.

Reliance Industries (RIL) said that the company has taken short shutdown of one of the Fluid Catalytic Cracking Units (FCCU) at Jamnagar complex to assure reliability and integrity of operations. The unit is expected to restart within two weeks. Rest of the Jamnagar Complex is operating normally. The company does not expect any material impact on overall operations of Jamnagar complex. The announcement was made yesterday, 15 August 2018 when the stock markets remained on account of Independence Day.

Shilpa Medicare said that the company’s board of directors has decided to promote 100% wholly owned subsidiary company (since incorporated) for the business operations in US and North American Countries. The announcement was made after market hours on Tuesday, 14 August 2018.

UCO Bank said that with the approval of board of directors, the bank has entered into Inter-Creditor Agreement for resolution of stressed assets. The ICA will be applicable to all corporate borrowers who have availed loans and financial assistance for an amount of Rs 50 crore or more under consortium lending / multiple banking arrangements. The announcement was made after market hours on Tuesday, 14 August 2018.

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