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India

Turcas Petrol AS (TRCAS.IS)

TRCAS.IS on Istanbul Stock Exchange

2.63TRY
17 Oct 2017
Change (% chg)

0.01TL (+0.38%)
Prev Close
2.62TL
Open
2.63TL
Day's High
2.70TL
Day's Low
2.62TL
Volume
5,529,067
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6,038,589
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1.32TL

Latest Key Developments (Source: Significant Developments)

Turcas Petrol submits and application for privatization tender of two power plants
Monday, 5 Sep 2016 

Turcas Petrol AS : Submits a pre-qualification application for privatization tender of Almus and Köklüce hydroelectric power plants in Tokat .Power plants have an installed capacity of 117 MW, which are included in group 3 hydroelectric power plant portfolio of Elektrik Üretim AS.  Full Article

Turcas Petrol Q2 net profit down at 5.3 million lira
Friday, 19 Aug 2016 

Turcas Petrol : Q2 net profit of 5.3 million lira versus 19.8 million lira year ago .Q2 revenue of 0 lira versus 163,326 lira year ago.  Full Article

Turcas Petrol Q1 net result swings to profit of 15.4 million lira
Tuesday, 10 May 2016 

Turcas Petrol AS : Q1 net profit of 15.4 million lira ($5.23 million) versus loss of 19.0 million lira year ago .Q1 revenue of 0 lira versus 526,365 lira year ago.  Full Article

Turcas Petrol AS unit reaches agreement to buy 46 pct in Turcas BM Kuyucak
Thursday, 5 May 2016 

Turcas Petrol AS:Wholly owned unit Turcas Enerji Holding has reached an agreement with BM Muhendislik ve Insaat regarding acquisition of 46 percent stake in Turcas BM Kuyucak Jeotermal Elektrik Uretim.The exact price for the acquisition to be determined by parties according to USD/TRY exchange rate on stock transfer date and payment schedule, which is 10.9 million lira plus $2.1 million as of May 5.Unit Turcas Enerji Holding currently holds 46 percent of Turcas BM Kuyucak Jeotermal and will increase its share to 92 percent with the acquisition.Turcas Petrol will become indirect majority shareholder of Turcas BM Kuyucak after the transaction.  Full Article

Turcas Petrol AS announces dividend for FY 2015
Friday, 1 Apr 2016 

Turcas Petrol AS:Roposes to pay FY 2015 dividend of 0.045019 lira per share.Proposes to pay FY 2015 dividend on May 24.  Full Article

Turcas Petrol AS units Turcas Enerji Holding and Turcas Elektrik Üretim to increase capitals
Friday, 25 Mar 2016 

Turcas Petrol AS:Unit Turcas Enerji Holding proposes to increase share capital to 241.8 million lira ($84.27 million) from 152.0 million lira.Unit Turcas Enerji Holding's capital increase to be funded via previously paid capital advances by Turcas Petrol.Share capital of Turcas Elektrik Üretim to be increased to 198.0 million lira from 133.8 million lira.Capital increase of Turcas Elektrik Üretim to be funded via previously paid capital advances by Turcas Enerji Holding.  Full Article

Turcas Petrol AS unit TBK secures credit for Kuyucak investment
Tuesday, 1 Mar 2016 

Turcas Petrol AS:46% indirect subsidiary Turcas BM Kuyucak Jeotermal Elektrik Üretim signs 15 million euros, $40.5 million cash, and 10 million Turkish lira in non-cash credit agreement with Türkiye Sınai Kalkınma Bankası (TSKB)‍​.The credit is with 30 months grace period and 14 year maturity.Unit Turcas BM Kuyucak to use the credit for financing of its geothermal power plant investment amounting to $71 million and 250 thousand (including financing costs) and planned to have an installed capacity of 16 MW in Aydin.‍Mentioned investment's first phase (8 mw) and second phase (8 mw) are planned to start commercial operations in Q3 of 2017 and Q3 of 2018 respectively.  Full Article