- Synchronoss Technologies Inc
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- Ammonia has advantages over urea when lower NOx emissions are required. Some of the advantages to be mentioned are:
- Product details
Via Artificial Intelligence/Machine Learning powered analytics initiative is currently under implementation at key warehouses to help improve overall visibility of inventory across supply-chain and for overall optimisation of logistics cost. Prudent basis, so as to reflect, in a true and fair manner, the form and substance of transactions and reasonably present the Company”s state of affairs, profits and cash flows for the year ended 31st March, 2022. During the year under review, the Company has issued and allotted 1500, Secured, Rated, Listed, Redeemable Non-Convertible Debentures of ”10,00,000/- each at 5.75% p.a. The Company has also redeemed 1500, Secured, Rated, Listed, Redeemable Non-Convertible Debentures of ”10,00,000/-each at 9.15% p.a., aggregating to ”150 Crores on 18th August, 2021. Consistent with its fiduciary duties and in consultation with UBS and its legal advisors, the Company’s Board of Directors will carefully review the B. Riley Proposal and other potential strategic transactions to determine the course of action that it believes will maximize value for the Company’s stockholders.
Why Synchronoss Technologies, Inc. Stock Plunged Today – The Motley Fool
Why Synchronoss Technologies, Inc. Stock Plunged Today.
Posted: Tue, 06 Dec 2016 08:00:00 GMT [source]
B. Riley, together with its affiliates, owns approximately 13.9% of the Company’s outstanding common stock and is the largest holder of the Company’s common stock. Riley also nominated one of the Company’s directors pursuant to a pre-existing agreement with the Company. Although each method is valid one time per day, the information from the methods will help the traders buy/sell the stock in the second time, third time or more in a day. They cannot be beaten by Mr. Market in several years, even until the stock doubles its current age. The reason is that the author uses the law of large numbers in the probability theory to construct them.
Synchronoss Technologies Inc
The transactions entered into pursuant to the omnibus approval so granted, along with a statement giving details of all related party transactions, are placed before the Audit Committee for its review on quarterly basis. The Company has timely repaid its outstanding Non-Convertible Debentures amounting to ”150 crores along with interest on 18th August, 2021 and other term loans along with interest due as scheduled. The Company has prepaid high cost debt amounting to ”128.81 crores resulting in savings in the finance cost. With the expectations of a normal monsoon, the jute crop this year should be good which can lead to reduction in elevated raw jute prices. Further, local people are getting alternative employment in less laborious industries such as embroidery and masonry.
The proactive refinancing strategy adopted by your Company to leverage market conditions for availing low-cost debt has resulted in your Company being able to raise the most competitive debt in the market. We are continuously working on optimization, process improvement to reduce the overheads and increase profitability for ensuring sustained returns to the shareholders. The country faced an unprecedented coal crisis last year which continued this year as well. Domestic coal supply has not kept pace with the required demand, leading to increased need for importing coal. Further, the abnormal increase in LNG and imported coal prices have led to decrease in power generation from these sources which has increased the gap between demand and supply. This led to substantial increase in the electricity generation costs which reflected in the all-time high levels of Market Clearing Prices in the Power Exchange.
NTPC, through its wholly owned subsidiary, NGEL, has set an ambitious target of building a renewable generation portfolio of 60 GW over the next decade to aggressively pursue its green energy business. NTPC Green Energy , a wholly owned subsidiary of NTPC, signed a Joint Venture Agreement on 20 March 2023 with Indian Oil Corporation for setting up of renewable energy projects to meet Round the Clock power requirement of IOCL Refineries. Livestock development program provides an opportunity for farmers to improve their livestock based livelihoods by improving productivity of the progeny through breed improvement and dissemination of improved animal husbandry practices. The programme provided extension services like breeding, fodder propagation and training of farmers to different villages.
Enterprise value includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company’s balance sheet. The price-earnings ratio is a company’s share price to the company’s Earnings per Share. The ratio is used for evaluating companies and to find out whether they are overvalued or undervalued.
The Hon”ble Supreme Court had further directed the Central Building Research Institute to submit a report after comprehensive study of all relevant aspects and facets relating to full-scale mining operations and its impact, if any, on the Chittorgarh Fort. The report of CBRI has concluded that vibrations and air pressures induced by the mine of Birla Cement Works and adjoining mines are well within safe limits as per national and international standards and there is no damage to the Fort due to the mining operations. The Company has filed an Interim Application seeking Interim Relief for blasting at the existing working pit. Pradhan Mantri Awas Yojana, metro construction and urban infrastructure development.
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Water tankers, pumps, rain guns and water spray system have been provided for pressurized spraying to control dust pollution around mining areas and connecting roads. The Company continuously strives for reduction of carbon footprint and Green House Gases emission by using best energy efficient & environment friendly technologies to improve power & thermal efficiency of the plants. It is pertinent to mention that that the period of low dispatch of power from our stations and “supply overhang” in the country seems to be over. Due to the strong demand, it is expected that the PLF of coal-based stations may further increase. Even though our coal-based project pipeline has become slim, all the remaining projects are either pithead or situated on the mine.
- It is pertinent to mention that your Company has commissioned India’s largest floating solar plant at Ramagundam in Telangana.
- Given the government’s thrust on infrastructure creation, it is likely to benefit the cement industry going forward.
- With increasing concern and awareness about the adverse effect of synthetic packaging material to the environment, the demand of jute goods is expected to strengthen going forward.
- Wholesale and retail prices of cement have increased 11.9% and 12.4%, respectively, in the current financial year.
- NVVNL traded over 24 BUs of power, which is the highest volume since its inception registering a growth of 29% vis-a-vis previous year.
- They cannot be beaten by Mr. Market in several years, even until the stock doubles its current age.
O Existing Call Centre facility is also integrated and available via Chatbot and Whatsapp services to make overall customer service hassle-free. Dividend is subject to approval of the Members at the ensuing Annual General Meeting. In view of the changes made under the Income Tax Act, 1961, by the Finance Act, 2020, dividends paid or distributed by the Company shall be taxable in the hands of the Shareholders.
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The https://1investing.in/”s total debt as at 31st March, 2022, stood at ”4,231 crore, marginally higher than ” 4,072 crore a year earlier. Average interest cost for the quarter ending 31st March, 2022 was 6.8% compared with 7.5% for the same period in the previous year. The Company has taken all necessary steps and precautionary measures to ensure uninterrupted operations and to ensure the safety and well-being of all its employees. The Board and the Management will continue to closely monitor the situation as it evolves and do its best to take all necessary measures in the interests of all stakeholders of the Company. The Directors have the pleasure in presenting the 102nd Annual Report on the business and operations of the Company together with the Audited Financial Statements of the Company and its Subsidiaries for the financial year ended 31st March, 2022. For control of NOx Yara recommends the use of ammonia solution, where possible.
- In the current financial year due to the prolonged rains in many parts of the country, the capacity utilisation rate has fallen from 70% during FY19 to 66% currently .
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- The said study will be conducted by an expert Committee constituted vide NGT”s order dated 24th September, 2021 within the time limit of 3 months from the first meeting of the said Committee.
- With new hope and resilience, we are focusing on sustaining our high level of performance and achieving the committed targets.
We are consolidating our actions in all facets of business which shall lead us from a “Power Generating Company” to a “Sustainable Integrated Energy Conglomerate”. NVVNL traded over 24 BUs of power, which is the highest volume since its inception registering a growth of 29% vis-a-vis previous year. They have also started electric buses at Bengaluru in addition to Port Blair. Municipal Solid Waste to Charcoal project at Varanasi is also in advanced stage of commissioning.
Since LDS 6 delivers NH3 concentration data in real-time, very fast control of the NH3 slip is achieved – runtimes with excess dosage are completely avoided. In spite of company’s optimism, demand weakness in cement is seen in the 4% y-o-y drop in sales volume. We have started putting in place firm plans for achieving 60 GW of renewable capacity by 2032 as committed earlier. Apart from the 2 GW capacity which is already commissioned, over 4 GW of capacity is in the construction stage and 5 GW capacity is in the tendering stage. The work at the largest renewable energy park at Khavda in Gujarat has started. We have also signed MoU with Government of Rajasthan for allocation of land parcels for setting up aggregate renewable capacity of 10 GW.
With the aim of imparting women the skills to get jobs, the Company has taken various initiatives (sewing & stitching, embroidery works) to promote skill development. The Company also supports schemes that generates employments for women in villages surrounding its factories and mining areas. Necessary training and support are provided to self-help groups under various projects to make them self-reliant. The Company has provided financial as well as administrative support in setting up a hospital in Chittorgarh namely MP Birla Hospital and Research Centre, where the Company has two cement plants. This is a State-of-the-Art multi-speciality hospital, which has numerous diagnostic and treatment facilities.
As part of your inflation‘s energy transition programme, along with renewable energy sources, we have started working on storage technologies and discussions are underway for adding Nuclear capacity as well. We are also working with NITI Aayog and have signed a Statement of Intent for preparing our “Net Zero” plan in line with the country’s commitment. While resumption of economic activity and the revival of investment have driven demand, supply has been challenged by availability issues and logistics bottlenecks. Globally, the fuel prices have increased significantly, and this has made Energy Security the topmost priority for every nation. The Company has adopted a Vigil Mechanism/Whistle Blower Policy for Directors and employees to create a fraud, anti-bribery and a corruption free culture.
Difficulty in getting worker for running the mills is resulting in lower capacity utilization, causing further increase in cost of production per unit. The MoEFCC has vide Notification dated 8th April, 2021 duly notified an area to an extent varying from zero to 3.0 kilometres around the boundary of Bassi Wildlife Sanctuary as the EcoSensitive Zone . National Green Tribunal , on 24th September, 2021 has passed an Order to continue the interim Order dated 8th March, 2019 on the subject of prohibiting mining in the radius of 10 km from Bassi Wildlife Sanctuary. The said prohibition will continue till the decision is taken after an expert study of impact of mining beyond the boundaries of ESZ as per notification dated 8th April, 2021. The said study will be conducted by an expert Committee constituted vide NGT”s order dated 24th September, 2021 within the time limit of 3 months from the first meeting of the said Committee.
We have also taken action for setting up of around 1600 MW of merchant capacity. It is pertinent to mention that your Company has commissioned India’s largest floating solar plant at Ramagundam in Telangana. With this, we have achieved commissioning of 222 MW of floating solar projects and another 40 MW is under construction. These indicate we are progressing well on the renewables side along with the conventional business. The first part capacity of 100 MW has already been declared on commercial operation w.e.f. 20 December 2022, second part capacity of 50 MW w.e.f. 30 December 2022 and third part capacity of 50 MW w.e.f. 16 February 2023.
As whole prices have remained elevated in most of the markets in the months of FY20, against the corresponding period of the previous year. Your Company takes proactive steps to ensure sound corporate governance and is committed to ethical corporate practices based on conscience, transparency, fairness, professionalism and accountability. Our core values embody the spirit of sound governance and act as a guiding beacon for the employees and management. Your Company saw “Nil” audit observations from Controller and Auditor General of India for FY21 and also for FY22. The developments across the globe are expected to accelerate the energy transition plans of every nation.
The jump in profit on a per tonne basis was more or less along expected lines, given the increase in realizations. “Besides, the reduction in net debt by about ?2,000 crore is a key positive,” said Binod Modi, analyst at Reliance Securities Ltd. The NIP covers a gamut of sectors; rural and urban infrastructure and entails investments of Rs.102 lakh crore to be undertaken by the central government, state governments and the private sector. Of the total projects of the NIP, 42% are under implementation while 19% are under development, 31% are at the conceptual stage and 8% are yet to be classified.
Company”s Sustainable Agriculture programme attempts to de-risk farmers from erratic weather events through the promotion of climate-smart agriculture premised on dissemination of relevant package of practices, adoption of appropriate mechanisation and provision of institutional services. These were supplemented by support activities (including hands-on training) in production of vermicompost, drip-irrigation techniques, high-yield seed and nursery development etc. With the demand being healthy, better availability of raw jute at reasonable prices should improve the profitability of the industry. In its new line of business of manufacturing and exporting jute shopping bags, the division has reported sales of over ”2700 lakh in its first full year of operations.