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Regd. Office: 45/47, Veer Nariman Road, Mumbai 400 001. Tel.: 02261497000 Email ID: [email protected] Website: www.bajajelectricals.com Corporate Identity Number (CIN): L31500MH1938PLC009887 L1/ASN August 4, 2020 To, BSE Limited : Code No. 500031 Phiroze Jeejeebhoy Towers Dalal Street, Mumbai 400 001. National Stock Exchange of India Limited: Symbol: BAJAJELEC Exchange Plaza, Bandra Kurla Complex Option A NCDs: INE193E08038 Bandra (East), Mumbai 400 051. Option B NCDs: INE193E08020 Option C NCDs: INE193E08012 Dear Sirs, Sub.: Newspaper Advertisement of the Board Meeting for the first quarter ended June 30, 2020 Pursuant to the provisions of Regulation 29 read with Regulation 47 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”), we enclose herewith a copies of Notice of Board Meeting, scheduled to be held on Tuesday, August 11, 2020 to consider, interalia, the unaudited financial results of the Company for the first quarter ended June 30, 2020, as published today in newspapers viz. 'The Free Press Journal' and 'Navshakti'. We request you to take the above on record and the same be treated as compliance under the applicable provisions of the SEBI Listing Regulations. Thanking you, Yours faithfully, For Bajaj Electricals Limited Ajay Nagle EVP and HeadLegal & Company Secretary Encl.: As above.

Transcript of L 1/ASN August

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Regd. Office: 45/47, Veer Nariman Road, Mumbai 400 001. Tel.: 022‐61497000 Email ID: [email protected] Website: www.bajajelectricals.com 

Corporate Identity Number (CIN): L31500MH1938PLC009887 

L‐1/ASN           August 4, 2020 

To, BSE Limited  : Code No. 500031 Phiroze Jeejeebhoy Towers Dalal Street, Mumbai 400 001. 

National Stock Exchange of India Limited: Symbol: BAJAJELEC Exchange Plaza, Bandra Kurla Complex      Option A NCDs: INE193E08038 Bandra (East), Mumbai 400 051.  Option B NCDs: INE193E08020 

Option C NCDs: INE193E08012 Dear Sirs, 

Sub.: Newspaper Advertisement of the Board Meeting for the first quarter ended June 30, 2020 

Pursuant to the provisions of Regulation 29 read with Regulation 47 of the Securities and Exchange Board of  India  (Listing Obligations & Disclosure Requirements) Regulations, 2015, as amended  (“SEBI Listing Regulations”), we  enclose  herewith  a  copies  of  Notice  of  Board Meeting,  scheduled  to  be  held  on Tuesday, August 11, 2020 to consider, inter‐alia, the unaudited financial results of the Company for the first quarter ended  June 30, 2020, as published  today  in newspapers viz.  'The Free Press  Journal' and 'Navshakti'. 

We request you to take the above on record and the same be treated as compliance under the applicable provisions of the SEBI Listing Regulations. 

Thanking you, 

Yours faithfully, For Bajaj Electricals Limited 

Ajay Nagle EVP and Head‐ Legal & Company Secretary 

Encl.: As above.  

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THE FREEPRESSJOURNAL 15MUMBAI | TUESDAY | AUGUST 04, 2020 FPJ MONEYBIS launches BIS CARE Mobile App Bureau of Indian Standards, the National Standards Body of Indiahas launched, BIS CARE, a Mobile App through which users canobtain real time information and verify the genuineness of BIScertified products (carrying the popularly known ISI Mark), theStandard Mark for Compulsory Registration Scheme for electronicand IT goods (Mark) and the Hallmark for jewellery articles. Theusers can find licensed manufacturers and jewellers and alsoregister complaints, if they are dissatisfied with the quality of theBIS certified products. Users can also report misuse of BIS StandardMark and/or misleading advertisements through the App. For theease of use, this app is available in both English and Hindi andcan be downloaded from Google Play Store. Realizing theobjectives of ‘Atmanirbhar Bharat’, the BIS CARE App reaffirmsconsumer rights: the right to be informed, the right to choose, theright to safety, and the right to be heard.

IndianOil Board gives go-ahead for Rs. 13,805 cr PX-PTA complex at ParadipThe IndianOil Board has given its go-ahead for the implementationof an Integrated Para-Xylene (PX) and Purified Terephthalic Acid(PTA) complex project at Paradip, Odisha, at an estimatedinvestment of Rs. 13,805 cr at the Board meeting held recently.Speaking on the occasion, SM Vaidya, Chairman, IndianOil, said,“This plant, along with the upcoming MEG plant of 357-KTAcapacity at Paradip, would be a ready source of feedstock forIndianOil’s upcoming 300-KTA textile yarn manufacturing projectat Bhadrak in Odisha, and can similarly facilitate other textile andpolyester projects in the region. We are sure that theseinvestments, along with investments in other downstreamprojects, will boost entrepreneurship not only in Odisha but in theentire Eastern India that would contribute to the ‘AtmanirbharBharat’ and ‘Make in India’ vision of our nation.”

Namami Gange project provides boost to local economy "There is a good opportunity for Uttar Pradesh to present theachievement of Ganga cleanliness, it will encourage the work ofriver sanitation across the country", said Rajiv Ranjan Mishra,Director General, National Mission for Clean Ganga (NMCG).Economic activities are also benefiting from the efforts of the 26District Ganga Committees of UP, he added. This year the NamamiGange project has been included in the prestigious ‘PrimeMinister’s Awards for Excellence in Public Administration 2020’.According to Mishra, various units of Namami Gange continued tooperate even during the lockdown, which has resulted in betterresults than expected. After completing a series of meetings withthe District Ganga Committees of Uttar Pradesh, he said, "Theobjective of the National Mission for Clean Ganga is not limitedonly to the ‘Nirmalta’ and ‘Aviralta’ of the Ganga, we are alsoworking on the contours of Arth Ganga so that a sustainable socio-economic zone is developed around the Ganga and its tributaries,

CORPORATE CORNERChandan Kumar Mondol takes charge asDirector (Commercial) at NTPC

Chandan Kumar Mondol assumes hisnew role as Director (Commercial) atNTPC Ltd w.e.f August 1, 2020.Mondol has been with NTPC for over35 years and has held several keyleadership positions across multiplebusiness units. Mondol joined NTPC as9th Batch Executive Trainee (ET) in1984. He has vast experience andcomprehensive knowledge of thepower sector and has worked in bothpower plant and corporate functions.He started off his journey with the

project execution and commissioning of 3X500 MW units atRamagundam and 4X210 MW units at Kahalgaon. Mondol as astrategic planner has led several initiatives at NTPC.

Sushil Sharma appointed as Director(Electrical) of SJVN

The Appointments Committee ofthe Cabinet (ACC) has approved theappointment of Sushil Sharma asDirector (Electrical) of SJVN Limited,a state-run Miniratna PSU underthe administrative control of theMinistry of power, on Wednesday.According to an order, Sharma hasbeen appointed on the post witheffect from the date of hisassumption of charge of the poston or after August 1, or till thedate of his superannuation, or until

further orders, whichever is earlier. He is currently serving asGeneral Manager (Electrical) in the same organisation. With hispromotion, Sharma will replace Rakesh Kumar Bansal who isserving the organisation for a long time.

R. P. Shukla appointed new Director(Finance) of WCL

Rajendra Prasad Shukla assumed thecharge of Director Finance at WesternCoalfields Limited (WCL). Earlier, hewas serving as General Manager inSouth Eastern Coalfields Limited(SECL) at Bilaspur. B.Sc. graduateShukla is a Cost Accountant from theInstitute of Cost Accountants of India(ICAI). He also holds a Master's ofBusiness Administration (MBA)degree in International Finance fromIndira Gandhi National Open

University (IGNOU). He has a work experience of about 34 years inthe mining and metals industry. Over the course of his career, hehas handled Indian Taxation, Internal Audit, Cost Management,Cost Control and Financial Accounting.

Namdev S Uppar takes over as CGM(Solapur) NTPC

Namdev Shamrao Uppar has takencharge as Chief General Manager(Solapur) on August 1, 2020. He joinedNTPC as 9th batch ET (MechanicalEngineer) in 1984 and since then hehas worked at Ramgundam and Kudgiin various capacities. Prior to acceptingthe charge of Chief General Manager(Solapur), Namdev S Uppar wasworking in the post of CGM (O & M) atNTPC Solapur. Namdev S Uppar hasmore than 35 years of rich and vast

experience of different aspects of the power sector.

APPOINTMENTS

AR. Prem Nath awarded Baburao MhatreGold Medal 2019 at NATCON 2020

AR. Prem Nath has been bestowedwith the prestigious, "BaburaoMhatre Gold Medal 2019" during thevirtual event of NATCON heldbetween 11th-12th July, 2020 byIndian Institute of Architects IIA. AR.Prem Nath frequently referred to as"Seminal Architect" & a "Trail Blazer"in the field of Architecture, has many"Firsts", to his credit which includesFirst-ever Revolving Restaurant, FirstHealth Spa, First Multiplex Mall inthe Country, First Fast track I.TBuilding, First Gold graded & HUDCOAward winner Township, First

Platinum Rated School & many more to the list.

What is the demand for alloy steel in In-dia? How much do you produce?In India, the demand for alloy steel is6 million tonnes. SLR Metaliks is pro-ducing 0.3 million tonnes. We are go-ing for capacity enhancement. Postwhich, we will produce 0.4 milliontonnes. From August, our capacitywill be 0.4 million tonnes. We are util-ising this lockdown period to enhanceour capacity.

If big players like Tata, JSW and others arealso making alloy steel. So, why should acustomer buy from you?Before Usha Martin takeover, Tataswere not in alloy steel. No big playeris active in this space.In the case of JSW, it is making al-

loy steel in Salem. Its capacity is 0.7 to1 million tonnes. In India, the biggestalloy plant is JSW. In alloy steel, aplant of 0.4-0.5 million tonnes is rea-sonably large.

Are there Chinese competitors for theblast furnace in alloy steel?In the steel business, one cannot saythat any plant is made without Chi-nese equipment. In our plant as well,we have Chinese equipment, but it isminuscule.Chinese equipment is 30 per cent

cheaper than European, Brazilian orAmerican equipment. Yet, we optedto source our equipment from thesecountries, since rolling mills for alloysteel should be highly accurate. Thiswas the reason we were able to deliv-er our material within one and halfyears to OEMs.If you want to set-up an alloy steel

plant, then you cannot depend on Chi-nese equipment. If you put up an MSsteel plant, then you can purchaseChinese equipment. The productionof alloy steel is easy but the qualitychecks are tough.Before us, Bhushan Steel was the onlycompany that bought a brand new

rolling mill for alloy steel. Our com-petitors all have access to old equip-ment which is over 20 years old.Significantly, our mill is elevated fivemetres above the ground. So, the vi-bration is quite less.

What is the rejection percentage after thequality check?Our rejection rate is 2 per cent. It is inline with industry standards.

What is your turnover and profit margins?It was Rs 1,200 crore last year. April(completely) and May (partially) wasa washout (thanks to the pandemiclockdown). In June and July, we touched 60 and

70 per cent of sales (pre-COVID-19 lev-els) respectively. But we do not knowabout tomorrow. If Coronavirus casescome down, then we can touch 90 percent sales by December. But it will bedifficult to predict today. We are tar-geting to achieve last year’s sale butthere are dampeners in the market.Our EBITA is 14 per cent. Our netprofit after tax was flat last year andthis year also it will touch the bottomline. This year we will be struggling.But we expect growth from FY 2021-2020 onwards.

Why are your exports so low?We just export 5 per cent of alloy steel

to overseas markets Domestic pricesfor alloy steel are better compared toThailand or Indonesia. In April-July,JSW and JSPL exported 40 per centsteel to China. This is mainly becausedomestic demand declined. In thecase of alloy steel, we can sell alloysteel only to approved clients. Alloysteel is not like other steel where cus-tomers are quickly available. It ismore selective.

What will be the annual growth if thingsstabilise?The results of capacity enhancementwill be visible in FY 2022. In FY 2022,our sales should increase by 25 percent. This is because our capacity en-hancement is 33 per cent.

Are you supplying to defence?We are waiting for approval fromDRDO. Within six months, we will getthat approval as we are confident ofthe quality we produce.

How many people do you employ and didCOVID-19 have an impact there?We employ 2,000 people directly —payroll and contractual. The indirectemployment will be larger.We did not have to retrench anyone.In April we shut down the plant, butin May we started operating.At the same time, our expansion willnot involve additional workforce, as itwill actually involve technologyupgradation.

How are you managing your working capital?It is a big issue. This is because we areproducing more but selling less andour stock is piling up. Hence, we arethankful to the Reserve Bank of India(RBI) and the government that theyextended the moratorium period toAugust.We are asking RBI and bankers tofurther extend the moratorium with

SLR Metaliks utilises lockdown periodto enhance alloy steel making capacityIn 2012, SLR Metaliks, an alloy steel producer, was founded as a joint venture with Fomento Group. Today it is among

the bigger alloy steel producers in India. It began production of alloysteel in the year 2013 and today, supplies tomore than 40 OEMs (Original Equipment Manufacturers). Currently, 80 per cent of its production goes to the

automobile sector and the balance is supplied to other customers like engineering and tube mill companies. Thecompany’s Managing Director Rajkumar Goel in an interview with Free Press Journal’s Jescilia Karayamparambil

and R N Bhaskar, talks about the company’s plan going forward. Given below are edited excerpts:

HINDUSTAN HARDY LIMITED(formerly Hindustan Hardy Spicer Limited)

NOTICETRANSFER OF SHARES OF THE COMPANY TO DEMAT ACCOUNT OF THE IEPF AUTHORITY

By order of the Board of DirectorsFor Hindustan Hardy Limited

Place: Mumbai (formerly Hindustan Hardy Spicer Limited)Date : 01.08.2020 Auhtorized Signatories

Name of work:- Provision of 01 No TSS, 01 NO OHE/PSI Depot, 01 No

TW Shed and 14 Units Staff Quarters (Type II - 08 Units, Type III - 04 Units

and Type IV - 02 Units) at Bisalpur Station and other miscellaneous

works in between Shahjahanpur-Pilibhit-Tanakur section of North

Eastern Railway in Gr-302

S.No.

RAILWAY ELECTRIFICATION, LUCKNOW

Dy Chief Engineer, Railway Electrification, Lucknow acting for

and on behalf of The President of India invites E-Tender for the

works mentioned below.

OPEN E-TENDER NOTICE

"Serving Customers with a Smile”

Executive Engineer, Railway Electrification, Lucknow

For & On behalf of President of India PR/470/2020 Adk

Tender Type

Period of Completion

Tender no.

Advertised Value ( )`

RE-Ten-Civ-LKO-G-302-SPT-03

2.

3.

1.

4. 81245887.47

Open

12 Months

Earnest Money ( )`

Tender Closing Date Time

Validity of Offer ( Days)

Bidding System

Tender may be uploaded upto 15.00 hrs on

28.08.2020 on IREPS web site www.ireps. gov.in.

The bidder can participate in the E-tender,

the tender will be opened after 15.00 hrs

on 28.08.2020.

5.

6.

7.

8.

9.

556200.00

28.08.2020 15:00 hrs

45

Single Packet System

Date & Time for sub-

mission of E-tender and

opening of tender

wef. 03.08.2020 till 28.08.2020 at 15.00 hrs. Above tender document will be

available for submission of offer on IREPS web site i.e. www.ireps.gov.in from

14.08.2020 to 28.08.2020. All other terms and conditions in respect of above

tenders are given in tender document.

Detailed Tender Notice

& Tender Document:The detailed e-tender notice and tenderdocument is available on www.ireps.gov.in

10.

No. RE-Ten-Civ-LKO-G-302-SPT-03 Date.31.07.2020

Page 3: L 1/ASN August

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