STOCKS ALERT (13.07.2012)

[rupeedesk]

STOCKS ALERT (13.07.2012)
 
 
* BHARAT FORGE: Plans an investment of 4 bln rupees in 2012-13 (Apr-Mar) for setting up a manufacturing unit in Madhya Pradesh.

* BOSCH: Will suspend manufacturing of automotive components at its Bengaluru unit on Friday and Saturday to avoid inventory build-up.

* GTL: Promoters have infused 834.5 mln rupees in the company through compulsorily convertible debentures as part of the debt-recast scheme.
 

* JINDAL STEEL & POWER: Has raised 35 bln rupees from a consortium of lenders for a steel project in Odisha.

* LARSEN & TOUBRO: Has started operations at its switchgear-manufacturing facility at Vadodara. Is ready to commission a 47-bln-rupee shipyard-cum-port complex near Chennai but the customs department has not granted customs clearing facilities at the port.

* MAHANAGAR TELECOM NIGAM: Plans capital expenditure of 8 bln rupees in this financial year.

* MAHINDRA & MAHINDRA: Proposes to integrate sales and marketing, manufacturing and supply chain Mahindra China Tractors Co and Mahindra Yeuda
Yancheng Tractors to create a single face for the brand in China .

* MANAPPURAM FINANCE: Sees flat growth or marginal fall this financial year because of central bank's new guidelines on the business.

* READYMADE STEEL INDIA : Has completed the acquisition of KH Foges.

* RELIANCE COMMUNICATIONS: Telecom Disputes Settlement and Appellate Tribunal has dismissed company's plea to implead Telecom Regulatory Authority of India in its petition demanding allocation of additional spectrum by Department of Telecom.

* RELIANCE INDUSTRIES: Attorney General G.E. Vahanvati has indicated that there may be legal hurdles to the government revising KG-D6 gas price before
2014.

* RELIANCE POWER: Uttar Pradesh govt has put on hold company's proposal to set up new units totalling 1,980 MW capacity citing lack of enough coal.

* SRF: Has commissioned a fluorochemicals unit, intermediate specialty plant and 4-MW captive power unit at its Dahej facility.
 

* TATA CONSULTANCY SERVICES: Apr-Jun consolidated net profit rose 37.82% year-on-year to 32.8 bln rupees. Consolidated revenue grew 37.7% to 148.69 bln rupees.

* TATA MOTORS: Has redeemed foreign currency convertible bonds worth $472.90 mln entirely through internal accruals.

* TITAN INDUSTRIES: Has spun-off its third-party premium watch retailing arm into a separate business unit, in a bid to put it on aggressive expansion drive.

 

 

 

By RUPEE DESK

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