DAILY STOCKS REPORT: 12.07.2012
rupeedesk
* BHARAT HEAVY ELETRICALS: Is close to winning a contract worth 10 bln rupees from Pakistan to manufacture railway locomotives.
* BOMBAY DYEING & MANUFACTURING CO: Is taking its textile brand overseas and has set up its first franchise-operated store in Jeddah , Saudi Arabia .
* COAL INDIA: Coal minister Sriprakash Jaiswal has said the deadlock over fuel supply agreements between the company and power companies may be settled by end-July.
* ESSAR PORTS: Has received formal communication from the Paradip Port Trust to start construction of coal berth after it got environment approval.
* INFOTECH ENTERPRISES: Private equity firm First Carlyle Ventures has bought nearly 10% stake in the company at 190 rupees a share.
* JET AIRWAYS INDIA : Plans to pull out of some loss-making routes and will not renew leases for aircrafts servicing these routes.
* KESORAM INDUSTRIES: Has put all expansion plans on hold to focus on turning around current operations.
* KINGFISHER AIRLINES: At least 12 flights of the airline were cancelled Wednesday as pilots continued to strike protesting non-payment of salaries.
* NILA INFRASTRUCTURES: Has set up a project management consultancy services company in joint venture with Progetto Consultants India.
* OIL INDIA: Has earmarked 60 bln rupees for acquisition of oil and gas assets overseas this fiscal.
* ONMOBILE GLOBAL: Ministry of corporate affairs could order a probe by Serious Fraud Investigation Office if a preliminary inquiry by the Registrar of Companies brings up irregularities.
* PVR: SBI Mutual Fund has sold 500,000 shares, or 1.93% stake in the company, for a total of 84.98 mln rupees on Jul 6.
* RELIANCE INDUSTRIES: The company's launch of 4G services is scheduled for early 2013. Is offering to pay 220 basis points more than benchmark rates for a five-year facility to cut its borrowing costs.
* RELIANCE POWER: Has tied up loans worth $1.1 bln from Chinese lenders for upcoming 3,960 MW Sasan power plant in Madhya Pradesh.
* SATYAM COMPUTER SERVICES: Is in talks to acquire an aerospace engineering firm in Europe to expand capabilities.
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