Buzzing Stocks - Keynote Capitals (January-27-'11)

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Buzzing Stocks

·      GVK Power and Infrastructure will develop international airports at Bali and Java in Indonesia.

·      L&T has formed a joint venture with Japan’s Kobe Steel for manufacturing equipment for tyre and rubber industry for global market with a total investment of `600mn.

·      Adani Power plans US$500mn FCCB by mid-Feb and may use part of the proceeds to fund coal mine buy.

·      Adani Enterprises to build rail, port project in Indonesia.

·      Coal India plans to increase spending by 17% to `42.20bn in the year starting April 1 as the company seeks to expand production

·      RIL has roped in IL&FS as a strategic partner, holding 45%, to develop a model economic township and other infrastructure facilities at Jhajjar in Haryana.

·      Aurobindo Pharma has received approval from the US health regulator to manufacture and market generic levofloxacin tablets, used for treating bacterial infections, in the American market.

·      ONGC has found shale gas indication from the pilot R&D project in West Bengal.