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Buzzing Stocks
· In order to cater to the growing demand for micro-irrigation systems and piping systems in Gujarat.
· Rain Commodities has acquired Birla Cement and Industries from Yash Birla Group. Post acquisition, Birla Cement and Industries has become a wholly owned subsidiary of the company. Birla Cement holds certain Limestone Mining Leases in Andhra Pradesh.
· With the government approval for the Cairn-Vedanta deal now tied to the payment of royalty on crude oil produced in the Barmer block of Rajasthan, the ministry of petroleum and natural gas is likely to push for reimbursement of the amount to Oil and Natural Gas Corporation.
· According to news sources, The Emami group, based in this city, is close to sealing a deal for buying ‘Sweekar’, a refined sunflower oil brand of Marico.
· Hyderabad Industries Limited (HIL), a CK Birla group company engaged in the production of asbestos cement products, has embarked on a Rs 100-crore expansion plan besides shifting its focus on manufacturing green building products.
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