Ramsarup Industries Ltd Stock Quotes and Charts
Ramsarup Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on December 28, 2007, to consider the feasibility of merger of various group Companies with the Company, including appointment of consultants and valuers.<br>
Outcome of Board Meeting<br>Ramsarup Industries Ltd has informed BSE that the Board of Directors<br>of the Company at its meeting held on December 28, 2007, has decided<br>to explore possibilities of Merging Ramsarup Lohh Udyog Ltd with the<br>Company. A Committee has been formed to take steps such as appointment<br>of Solicitor, financial consultants etc. to assist the Company in this<br>regard.
Ramsarup Industries Ltd has informed BSE that the Company has increased prices of steel wires in range of Rs 1000 per metric tones to Rs 2500 per metric tones with effect from January 01, 2008.
Ramsarup Industries Ltd has informed BSE that the Company has increased prices of steel wires in range of Rs 3500 per metric tones to Rs 4000 per metric tones with immediate effect.
Ramsarup Industries equity shareholders to approve Scheme of Amalgamation.<br>Ramsarup Industries Ltd has informed BSE that by an order made on the April 02, 2008, the Hon'ble High Court at Calcutta has directed that a meeting of the Equity Shareholders of the Company, being the Transferee Company will be held on May 07, 2008 for the purpose of<br>considering and if thought fit, approving, with or without modification, the proposed Scheme of Amalgamation of Ramsarup Lohh Udyog Ltd with the Company.<br><br> <br>
Kolkata based Ramsarup Industries Ltd., the country's second largest player in steel wire market after Tata Steel, has received the CDM (clean development mechanism) clearance from UNFCCC for its 20MW waste heat recovery-based (WHRB) captive power project (CPP) at Kharagpur.
Current market cap of Ramsarup industries is around 201 crores.Estimated saving potential of 275 crores a year means this may reflect fully in the net profit for next year i.e. Profit for next year might be greater than current market cap.
Ramsarup Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 24, 2008, inter alia, has recommended a Dividend of 20% on equity shares & specified percentage on Preference Shares of the Company for the year ended March 31, 2008 subject to the approval of the shareholders at the General Meeting of the Company.<br><br>FY08 topline at 1581 crore Vs. 1306 crore previous year.<br>FY08 bottomline at 59 crore Vs. 43 crore previous year.<br><br>EPS for FY08 at 33.82/- per share.<br><br>Dividend declared at 20%.
The Company has maintained the dividend at 20% on face value of Rs 10.
RAMSARUP Industries, a Kolkata-based producer of steel wires, is believed to be in talks with institutional investors, including mutual funds, to raise close to Rs 100 crore to fund its expansion plans. It is learnt that the company has held talks with potential investors recently, but is yet to finalise the pricing of the share placement. A person familiar with the matter said the company is looking to place the shares at roughly Rs 110 per share. On Monday, Ramsarup shares ended at Rs 80.15, down 4.2%.
I am share holder of ramsarup ind. ltd. I want to know that why there is fall in price of shares?
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