GERC issues Tariff Order for Ahmedabad Electricity Co
Ahmedabad Electricity Company Ltd has informed BSE that Gujarat Electricity Regulatory Commission (GERC) has issued Tariff Order for the Ahmedabad Electricity Company Ltd (AEC) on September 5, 2002. The tariff is effective August 1, 2002.
Tariff Application from the AEC has been evaluated by GERC after elaborate exercise inviting public comments and personal hearings from more than 60 individuals/ public organizations mainly consumer education and research society, Gujarat Chamber of Commerce and Industry, Ahmedabad Municipal Corporation and other group consumers who represented various issues.
There is an overall increase in tariff of 1.19% as compared to electricity rates applicable during March 2002. However there is a marginal decrease in tariffs for High Tension Consumers.
New tariff for the consumers of AEC is lower than the GEB tariff for almost all the categories of consumers.
Kennametal Inc acquires majority stake interest in Widia India
Widia India Ltd has informed BSE that Kennametal Inc have acquired the Widia Group, thereby indirectly a majority stake interest in Widia India Ltd.
The company has further informed that Meturit AG, the foreign promoter/Collaborator continues to hold the shares of Widia India Ltd.
Arjun Kumar resigns from Directorship of Wellman Incandescent India
Wellman Incandescent India Ltd has informed BSE that Mr Arjun Kumar has resigned from the board of the company with effect from August 30, 2002.
Balaji Distilleries Board approves issue of shares/debentures/debt instruments on preferential basis
Balaji Distilleries Ltd has informed BSE that the Board of Directors at its meeting held on September 05, 2002 decided to issue further shares/debentures/debt instruments on preferential basis.
Ghanshyam Kurmi resigns as Deputy Company Secretary of Cipla
Cipla Ltd has informed BSE that Mr Ghanshyam Kurmi, Dy. Company Secretary has resigned from the services of the Company with effect from September 5, 2002.
Fitch Ratings India upgrades rating assigned to Jindal Strips Fixed Deposits
Jindal Strips Ltd has informed BSE that ratings assigned by Fitch Ratings India Pvt. Ltd to its Fixed Deposits has been upgraded to "t A (Ind)".
Leena Consultancy Board declares dividend at 3%
Leena Consultancy Ltd has informed BSE that the Board at its meeting held on September 04, 2002 has recommended a dividend at 3%
Softpro Systems forfeits 21200 equity shares
BSE has informed the members of the exchange that Softpro Systems Ltd has forfeited 21,200 equity shares due to non-payment of allotment/call monies.
Raghav Lakhmani resigns from Board of Dynamic Industries
Dynamic Industries Ltd has informed BSE that Mr Raghav Lakhmani, Director has resigned from Board of Directors of the Company.
B Venkatesh Babu appointed as Company Secretary and Compliance Officer of Priyadarshini Spinning Mills
Priyadarshini Spinning Mills Ltd has informed BSE that Mr B Venkatesh Babu has been appointed as Company Secretary and Compliance Officer of the Company w e f August 05, 2002.
