Brief: Transport Corp Of India March Qtr Profit Rises

Transport of India

16/05/2018 13:54

May 16 (Reuters) - Transport Corporation of India Ltd
 TCIL.NS :
    * APPROVES FURTHER ISSUE OF SECURITIES UPTO AN AMOUNT OF 3
BILLION
RUPEES
    * APPROVES ACQUISITION OF 100 PERCENT EQUITY SHARES OF SCM
LOGFOCUS INDIA LTD
    * MARCH QUARTER NET PROFIT 326.6 MILLION RUPEES VERSUS
PROFIT
185.4 MILLION RUPEES YEAR AGO
    * MARCH QUARTER INCOME FROM OPERATIONS 6.05 BILLION  RUPEES
VERSUS
4.82 BILLION RUPEES YEAR AGO
    * APPROVES INCREASE IN LIMIT OF BORROWINGS TO 10 BILLION
RUPEES
    * SAYS CO APPROVED RE-APPOINTMENT OF D P AGARWAL AS CHAIRMAN
AND
MD
    * SAYS CO APPROVED RE-APPOINTMENT OF VINEET AGARWAL AS MD
    * SAYS CO GAVE IN-PRINCIPLE APPROVAL FOR HIVING OFF COLD
CHAIN
UNIT OF CO

Source text - https://bit.ly/2ImZY06
Further company coverage:  TCIL.NS 

 ((Reuters.Briefs@thomsonreuters.com;))