IVRCL has received communication from corporate debt restructuring (CDR) cell informing that CDR EG after due deliberation with the lenders approved the exit of account of the company from CDR mechanism on account of failure of the CDR package. Coal India plans to rationalise supply sources for private power producers to reduce the distance over which coal is carried in an effort to cut transport and generation costs. The state-run monopoly will soon invite private generators to participate in the scheme.Net profit of Tinplate Company of India rose 71.09% to Rs 17.81 crore in the quarter ended September 2017 as against Rs 10.41 crore during the previous quarter ended September 2016. Sales rose 135.14% to Rs 413.16 crore in the quarter ended September 2017 as against Rs 175.71 crore during the previous quarter ended September 2016.The company announced that the securities committee has allotted 98 lakh convertible warrants to Skyline Tele Media Services, a promoter group on preferential basis.The company has plans for buyback of equity shares. The board of the Company will consider the proposal on October 27.

Source: Economic Times October 24, 2017 02:48 UTC