DNA (Daily News & Analysis) Mumbai Edition : 2019-02-11

FRONT PAGE : 21 : 21


C MPANIES 03 MUMBAI I MONDAY, FEBRUARY 11, 2019 DAILY NEWS & ANALYSIS I www.dnaindia.com twitter.com/dna epaper.dnaindia.com facebook.com/dnaindia I I I REPORT CARD 10,000 1,500 railcars owned by GATX Corp, USA which currently dominates India’s wagon leasing business ROLLING OUT number of wagons owned by Slovakian freight car manufacturer Tatravagonka PLANS crore in the year-ago period, Nalco said in a BSE filing. However, total income of the company in the October-december 2018 period increased to Rs 2,794.68 crore, over Rs 2,465.44 crore in the corresponding period of the previous year. Nalco has integrated and diversified operations in mining, metal and power. Presently, the Centre holds 56.6% equity of the company. JK LAKSHMI CEMENT 500 450 300.10 400 439.90 350 300 250 Jan 1, 18 Feb 8, 19 JKL Cement Q3 net rises 71.7% JK Lakshmi Cement reported 71.71% increase in standalone net profit to Rs 14.75 crore for the third quarter ended December 31, helped by volume growth. The company had posted a net profit of Rs 8.59 crore in the Octoberdecember quarter a year ago, JK Lakshmi Cement (JKLC) said in a BSE filing. Its total income during the quarter under review was up 11.34% at Rs 948.70 crore as against Rs 852.03 crore in the corresponding quarter previous fiscal. JK Lakshmi Cement reported 9% volume growth during the quarter. JK Lakshmi Cement total expenses stood at Rs 928.93 crore compared to Rs 839.31 crore, up 10.67%. JPVL Q3 loss narrows to `96cr Jaiprakash Power Ventures (JPVL) loss narrowed to Rs 95.89 crore in the December 2018 quarter as compared to the yearago period, mainly due to better revenues and lower expenses. Its standalone net loss was Rs 194.41 crore in the quarter ended December 2017, according to a statement. The company’s total income rose to Rs 998.67 crore in the quarter from Rs 970.17 crore a year ago. Besides, the total expenses came down to Rs 1,079.47 crore in the quarter, from Rs 1,192.58 crore a year ago. The company has aggregate power generation capacity of 2,220 MW comprising of hydro (400 MW) and thermal (1,820 MW). It said the water availability in the first half of this year is higher as compared to the second half. CO-LIVING SPACES MAY HIT $93 BN ANNUALLY 1.44 According to a study by Proptiger, entrepreneurs are launching coliving portals and tying-up with real estate developers to build projects specifically meant for the co-living segment. L ` 19 per annum per bed estimated earning cities were bid for by Adani alone and seven in partnership with other oil cos 3.4 million students The potential 24 occupied hostels within college campuses Nalco Q3 PAT drops 58% Rental property in Sector 125, Noida could fetch: 46.3 towns and cities were bid for by state-owned ONGC National Aluminium Company Ltd (Nalco) Friday posted a 58% decline in profit at Rs 301.76 crore for the December quarter. The company had reported a profit of Rs 721.78 million beds expected rental yield from properties for students 8.9% total untapped demand of the co-living sector 8.9 million beds expected rental yield from housing for professionals 5.7% demand for student housing alone IN BRIEF „ „ HARD TO FIND India currently produces about 90 mmscmd of natural gas and plans to double output by 2022 to cut reliance on imports

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