STOCKS ALERT (17.07.2012)
* ABAN OFFSHORE: Has entered into a nine-month contract worth $18.55 mln for deployment of jack-up rig Aban VII for two firm wells. * ADANI ENTERPRISES: Is in discussions with Mozambique-based Ncondezi Coal to acquire minority stake in the latter's coal assets for $350-400 mln. * ANIL SPECIAL STEEL INDUSTRIES: The company's Jaipur unit likely to start operations by September. * APAR INDUSTRIES: The Bombay High Court has fined the company for dishonouring an arbitration award of 100 mln rupees to IMC. * ESS DEE ALUMINIUM: Plans to restart operations of arm Indian Foil's third factory has hit a hurdle as the land lease agreement for the factory is yet to be renewed. * EXIDE INDUSTRIES: Apr-Jun net profit has fallen to 1.52 bln rupees from 1.63 bln rupees a year ago. * GAIL INDIA : The Petroleum and Natural Gas Regulatory Board has cut the company's transportation tariff for the Dadri-Bawana Nangal pipeline by over 57% to 11.85 rupees a btu. * GODREJ PROPERTIES: Has signed a pact to develop a premium township over 110 acre in Panvel near Mumbai through a joint venture. * GOVIND RUBBER: Plans to set up a new tyre manufacturing facility at Dahej in Gujarat with investment of 7.5 bln rupees. * HOUSING DEVELOPMENT FINANCE CORP: Has allotted 1.52 mln shares on warrant conversion. Will raise at least 4 bln rupees via one-year-one-day bonds at 9.6%. * INDRAPRASTHA GAS: Is eyeing a majority stake in Central UP Gas, which operates city gas business in Bareilly and Kanpur , to expand beyond Delhi and the National Capital Region. * INFOSYS: Infosys BPO is actively scouting for buyouts to double its annual revenues to $1 bln and expects its revenues to grow at least 15-20% this financial year. * KINGFISHER AIRLINES: LKP FINANCE has sold 17.71 mln more shares, or 2.19% stake, of the company through the open market. * KSL & INDUSTRIES: The flagship company of Tayal Group has hived off real estate business without consulting lenders. Resignation of the company's Chairman Saurabh Tayal has also bothered lenders. * OIL & NATURAL GAS CORP: Has displaced TATA CONSULTANCY SERVICES as the largest Indian company by market capitalisation. * MANGALORE REFINERY & PETROCHEMICALS: Delay in government approval has affected the company's oil import from Iran . * NCC: The founders of the company are raising their shareholding to avert hostile takeover attempts. NCC promoters have raised their holding in the company to 20.26% and plan to raise it further to just under 25%. * RAMKY INFRASTRUCTURE: Plans to invest 10 bln rupees to build a multi-product industrial park near Hyderabad . * RELIANCE COMMUNICATIONS: The company's arm Global Telecom Infra has extended the closing date for its initial public offering in Singapore by three days to Thursday. * RELIANCE INDUSTRIES: Has bought back 35.1 mln shares for 25.12 bln rupees so far from its public shareholders. Has refuted charges that it was demanding three times the current spot gas price for its coal bed methane gas. Is in talks with US-based Chevron Corp to sell its assets in war-ravaged Iraq at a valuation close to $200 mln. * RELIANCE INDUSTRIAL INFRASTRUCTURE: Apr-Jun net profit declined to 53.23 mln rupees from 55.0 mln a year ago. * SEAMEC: Has won a $2.11-mln contract for charter hire of vessel. * SHREE RENUKA SUGARS: Is said to be importing about 150,000 tn raw sugar for its Kandla refinery. * STANDARD CHARTERED: The foreign bank has sold distressed assets worth 9-10 bln rupees to International Asset Reconstruction Co in an all-cash deal. * STATE BANK OF INDIA : Revises rates on non-resident external rupee deposits. * STEEL AUTHORITY OF INDIA : There is uncertainty over the company's Rowghat iron ore project in Chhattisgarh as security concerns are holding up rail connectivity to the project due to threat of Maoist attacks. * TATA COFFEE: Apr-Jun consolidated net profit up 112.57% year-on-year at 281.75 mln rupees. * TATA COMMUNICATIONS: Has inked a pact with Nigerian broadband internet service provider Main One Cable Co to launch video connect in the African country. * TATA MOTORS: Arm Jaguar Land Rover plans to assemble sports utility vehicle Freelander in Brazil within a year and a half. * TATA STEEL: Plans to sell 50% stake in the Netherlands-based metal recycler HKS Scrap Metals to Euro Scrap Alliance. By RUPEE DESK [email protected] -- You received this message because you are subscribed to the Google Groups "Kences1- Rupeedesk" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/kences1?hl=en.
