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balasore alloys ltd (513142) Details

Balasore Alloys Limited primarily engages in producing chrome ore from its mines located in Odisha, India. The company manufactures and sells Ferro alloys of various grades, such as high carbon Ferro chrome and low silicon Ferro chrome. It also operates manganese ore mines in Odisha and Madhya Pradesh. Balasore Alloys Limited also exports its products. The company was formerly known as Ispat Alloys Limited. Balasore Alloys Limited was incorporated in 1984 and is based in Kolkata, India.

620 Employees
Last Reported Date: 05/30/09
Founded in 1984

balasore alloys ltd (513142) Top Compensated Officers

Chief Executive Officer, Managing Director an...
Total Annual Compensation: 14.3M
President, Compliance Officer and Company Sec...
Total Annual Compensation: 2.6M
Chief Financial Officer, Director of Finance ...
Total Annual Compensation: 5.9M
Director of Operations and Whole Time Directo...
Total Annual Compensation: 2.5M
Compensation as of Fiscal Year 2016.
balasore alloys ltd
Balasore Alloys Limited Appoints Dr. Samuel Nwabuokei Onyeabor as an Additional Director

Balasore Alloys Limited announced that Board of Directors of the company appointed Dr. Samuel Nwabuokei Onyeabor, as an Additional Director (Non – Executive, Non Independent) with effect from 14th June, 2017 to hold office upto the date of the upcoming annual general meeting of the company.

Balasore Alloys Limited Recommends Dividend

Balasore Alloys Ltd. has informed that the Board of Directors of the company at its meeting held on May 19, 2017, has recommended a dividend of INR 0.75 per share that is at 15% on the nominal value of share, which shall be payable subject to the approval of the shareholders at the forthcoming annual general meeting of the company.

Balasore Alloys Limited Reports Audited Standalone Earnings Results for the Fourth Quarter and Year Ended March 31, 2017 and Consolidated Earnings Results for the Year Ended March 31, 2017

Balasore Alloys Limited reported audited standalone earnings results for the fourth quarter and year ended March 31, 2017 and consolidated earnings results for the year ended March 31, 2017. For the quarter, on the standalone basis, net sales/income from operation was INR 3,469.909 million against INR 1,860.210 million a year ago. Profit from operations before tax was INR 760.294 million against INR 29.206 million a year ago. Net profit for the period was INR 459.997 million or INR 5.46 per diluted share not annualized against loss of INR 22.028 million or INR 0.28 per basic and diluted share not annualized a year ago. For the year, on the standalone basis, net sales/income from operation was INR 10,118.143 million against INR 8,379.706 million a year ago. Profit from operations before tax was INR 1,415.298 million against INR 349.875 million a year ago. Net profit for the period was INR 895.199 million or INR 10.63 per diluted share not annualized against INR 186.909 million or INR 2.50 per basic and diluted share not annualized a year ago. For the year, on the consolidated basis, net sales/income from operation was INR 10,118.143 million against INR 8,379.706 million a year ago. Profit from operations before tax was INR 1,415.133 million against INR 349.293 million a year ago. Net profit for the period was INR 895.034 million or INR 10.63 per diluted share not annualized against INR 186.328 million or INR 2.50 per basic and diluted share not annualized a year ago.

 

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