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Buzzing Stocks
· L&T is eyeing a Rs50bn monorail project in Gujarat.
· Reliance Industries is targeting a national rollout of its 4Gbroadband services by year-end.
· Patni Computer is set to announce an ownership change plans to sell their 60%-plusstake IT services provider iGate.
· Jindal Resources (Mozambique), a subsidiary of Jindal Poly has been awarded a coal block in Mozambique.
· Coal India plans to export 10mn tons of coal from Mozambiqueto India in the next 10 years from its two mining concession blocks in the southern African country.
· Tata Steel has drawn up plans to raise up to Rs70bn through a FPO to part-finance its expansion.
· Alstom Projects says its JV - NTPC-Alstom Power Services has received a contract worth around €20mn from NALCO.
· Fortis Healthcare plans to set up standalone dialysis and diagnostic centres across cities.
· Essar Shipping is in the process of investing US$1.1bn to acquire 12 new vessels and two jack-up rigs in the next two years.
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