Jyotiraditya Scindia presents 13th AIMA Managing India Awards webindia123.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webindia123.com Daily Mail and Mail on Sunday newspapers.
JK Paper, one of India s largest Paper & Packaging Board Companies, entered into Share Purchase and Shareholders Agreements for the acquisition of 85% shares of Horizon Packs Private Ltd. and Securipax Packaging Private Ltd.
XIM University successfully hosted its Seventh Convocation in the Virtual mode indiaeducationdiary.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiaeducationdiary.in Daily Mail and Mail on Sunday newspapers.
JK Paper rose 3.46% to Rs 156.85 after the company s consolidated net profit spurted 46.49% to Rs 135.79 crore on 22.05% increase in net sales to Rs 898.16 crore in Q4 March 2021 over Q4 March 2020.
Profit before tax jumped 41.31% to Rs 193.60 crore in Q4 FY21 over Q4 FY20. During the financial year, JK Paper s consolidated net profit tumbled 49.51% to Rs 239.95 crore on 10.11% decline in net sales to Rs 2,750.72 crore in FY 2021 over FY 2020.
The board recommended a dividend of Rs 4 per equity share.
The firm has also re-appointment of Harsh Pati Singhania as the vice chairman and managing director (MD) of JK Paper for a further term of five years effective from 1 January 2022 to 31 December 2026.
Companies are working with the local administrations to help the local community.
Industry leaders said the capex cycle is reviving.
New Delhi, Apr 21 (PTI): Several industry captains have shown confidence in the economy s recovery prospects and said the capex cycle is reviving and companies are investing to augment their capacity as well as back-end infrastructure.
The business leaders, including Sunil Kant Munjal, Harsh Pati Singhania and Sanjay Kirloskar, participating in an AIMA event here, unanimously said the industry is better prepared for the second wave of COVID-19 than it was at the onset of the pandemic last year.
Hero Enterprise Chairman Sunil Kant Munjal said there is a tremendous opportunity to invest, both for the financial investors and industrial companies, according to a statement by the All India Management Association (AIMA). The Capex cycle, which was slow for 12-14 quarters, is reviving and companies are making serious Capex commitments for the next few