FREE STOCKS ALERT: 31.08.2012

[rupeedesk]

* AARTI INDUSTRIES: Will merge associate company Anushakti Chemicals and Drugs with self, and give three shares of the company for every five held in Anushakti Chemicals.

* ALOK INDUSTRIES: Promoter Niraj Realtors and Shares bought 5 mln shares of the company for 64.73 mln rupees on Aug 28, taking its holding to 10.42%.

* ARVIND: Joint venture Arvind PD Glass Composites has commissioned the first phase of its glass fabrics manufacturing facility in Gujarat .

* BANK OF BARODA : UCO BANK Chairman and Managing Director Arun Kaul is likely to join BANK OF BARODA by year end.

* BANK OF INDIA : INDIAN BANK Chairman T.M. Bhasin is likely to join BANK OF INDIA by year end.

 

* BHARAT HEAVY ELECTRICALS: Plans to set up a 5.22-bln-rupee plant in Maharashtra for fabricated assemblies of boilers and turbines for power plants.

* DECCAN CHRONICLE: Is in advanced stages of negotiations to sell the Indian Premier League team Deccan Chargers, Chairman Tikkavarapu Venkattram Reddy said.

* DR REDDY'S LABORATORIES: Is planning to launch Reditux, a monoclonal antibody used to treat a type of cancer, in Europe .

* HINDUJA FOUNDRIES: ICRA has cut rating on the company's term loans to B+ from BB as deterioration in its financial profile has led to substantial erosion of net worth.

* HINGIR RAMPUR COAL CO: The company's board has approved 10-for-1 stock spilt.

* INFOSYS: Is seeking to increase its revenue share from product deals.

* JSW STEEL: The company's board will meet Saturday to consider a proposal for restructuring and reorganisation of operations, including that of JSW ISPAT STEEL.

* MARUTI SUZUKI: Aims to re-hire at least 1,000 of the 1,869 contract workers at its Manesar plant in Haryana.

* NTPC: Plans to add 14,038 MW installed capacity in the 12th Five-Year Plan (2012-17).

* OIL AND NATURAL GAS CORP: Seeks suspension of operations at the East Coast ultra deep gas discovery field until it finds a technical partner.

* RASHTRIYA CHEMICALS AND FERTILIZERS: Plans to expand its unit at Thal by setting up a 3,850 tn annual urea plant at investment of 40 bln rupees.

* ULTRATECH CEMENT: Has appealed in the Competition Appellate Tribunal against the Competition Commission of India's penalty order. Chairman Birla sees short-term prospects for cement sector "bearish".

* UNION BANK OF INDIA : Has cut the interest rate on vehicle loans of up to seven years to 10.95% with immediate effect.

By RUPEE DESK

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