ABOUT EASTERN INVESTMENTS LIMITED is
EASTERN INVESTMENTS LIMITED is a Non-Banking Financial Company (NBFC) classified as a Union Government company. It was nationalized by the Government of India by virtue of the Bird & Company Limited and it became a PSU in March 2010, it is a shell company, so not classified by the Department of Public Enterprises. The company became a subsidiary company of RINL (Rashtriya Ispat Nigam Limited) in January 2011.
Eastern Investments Limited is the Holding company of The Orissa Minerals Development Company Limited (OMDC) and The Bisra Stone Lime Company Limited (BSLC).
The income of the company is derived mainly from (i) Dividends from investments in shares of various companies including subsidiary companies OMDC and BSLC, (ii) Interest on term deposits with banks, and deposits in bonds.
Equity shares of Eastern Investments Limited are listed on Calcutta Stock Exchange.
03 January 1927
Category/Sub-category of the Company
Address of the Registered office and contact details
Hal Plot No. 428/3855 at Mouza, Goutam Nagar, Jayadev Nagar, Lewis Road, Nageswar Tangi, Bhubaneswar, Khordha, Odisha- 751002, India
Tel/Fax: 0674 – 2391595, 2391495
Name, Address and Contact Details of
Registrar and Transfer Agent, if any
C B Management Services (P) Ltd, P – 22, Bondel Road, Kolkata – 700019
Phone: (033) 4011 6700/2280 6692/2282 3643
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
Name and Description of main products/services
% to total turnover of the Company
Dividend from Subsidiary
Interest Received from Investments with bonds
BOARD OF DIRECTORS
Shri P. K Rath (Non- Executive Chairman & CMD RINL)
Smt Swapna Bhattacharya (Government Nominee Director)
Shri D K Mohanty (Non- Executive Managing Director)
Smt. Nutan Wodeyar (Non- official Independent Director)
Shri Santosh Kumar Singh (Non- official Independent Director)
PARTICULARS OF SUBSIDIARY COMPANIES
Name of the Company
% of shares held
Orissa Minerals Development Company Limited (OMDC)
Bisra Stone Lime Company Limited (BSLC)
EASTERN INVESTMENTS LIMITED SHARES DETAILS
Total Available Shares:
Rs. 10 Per Equity Share
Last Traded Price:
Rs. 115.55 Crore
(As on 31-03-2020)
Number of shares
% of total Shares of the company
Rashtriya Ispat Nigam Ltd.
President of India
The Orissa Minerals DevelopmentCo.Ltd.
KEY FINANCIALS OF EASTERN INVESTMENTS LIMITED(In Rs. Lakhs)
Revenue from Operations
Profit Before Tax
Profit/Loss After Tax (PAT)
BALANCE SHEET OF EASTERN INVESTMENTS LIMITED (In Rs. Lakhs)
NON CURRENT ASSETS
Other noncurrent assets
TOTAL NON CURRENT ASSETS
Cash and cash equivalent
Other current assets
TOTAL CURRENT ASSETS
EQUITY AND LIABILITIES
Equity Share Capital
NON CURRENT LIABILITIES
Long term provisions
TOTAL NON CURRENT LIABILITIES
Other current liabilities
Short term provisions
Other Financial liabilities
TOTAL CURRENT LIABILITIES
TOTAL EQUITY AND LIABILITIES
Dividend (final + interim) (In Rs.)
Retained Earnings (Consolidated) (In Rs. Lakhs)
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company 32.68% from Rs. 9,190.83 lakhs in FY 2019 to Rs. 6,187.19 lakhs in FY 2020.
As there was no production and dispatch of Iron Ore and Manganese Ore during the year FY 2020, there was no operating income earned by OMDC (Orissa Minerals Development Company Limited) during this year and the main earning was interest from the term deposits. All mining leases of OMDC (Orissa Minerals Development Company Limited) have expired. On renewal of mining leases of OMDC (Orissa Minerals Development Company Limited), it is expected that the production and sale of OMDC (Orissa Minerals Development Company Limited) will increase substantially and Eastern Investments Limited may earn a dividend of a substantial amount.
Total Income of The Bisra Stone Lime Company Limited (BSLC)in FY 2020 wasRs.4,348.08 lakhs against Rs. 3,981.54 lakhs in FY 2019.The loss of the Company decreased to Rs. 1,027.56 lakhs in FY 2020 against Rs. 2,802.13 lakhs in FY 2019.
EBITDA of the company improved from the loss of Rs. 64,932.48 lakhs in FY 2019to a loss of Rs. 4,521.35 lakhs in FY 2020.
As the total borrowings of the company increased by 152% from Rs. 12,300.93 lakhs as of 31st March 2019 to Rs. 31,000 lakhs as of 31st March 2020, the company’s Finance Cost has increased by 401.6% from Rs. 428.15 lakhs in FY 2019 to Rs. 2,145.27 lakhs in FY 2020.
Net Loss of the company improved from a loss of Rs. 47,896.96 lakhs in FY 2019 to a loss of Rs. 8,659.42 lakhs in FY 2020.
The Current Ratio of the company as of 31st March 2020 was 0.45. The company is facing financial liquidity issues.
Eastern Investments Limited has not given any dividends for FY 2020.
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