Buzzing Stocks - Keynote Capitals (February-17-'11)

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Buzzing Stocks

·      RIL plans to $30bn over the next 5 years in its various businesses including energy & telecom.

·      SAIL will set up a 3 mtpa plant in Mongolia with an investment of around `15000Cr.

·      Govt of India has decided to infuse `1,248Cr into two public sector banks UCO Bank and United Bank of India as part of recapitalisation package to shore up equity capital.

·      Neyveli Lignite in talks to buy South African coal mines to ensure supply of fuel to its Tamil Nadu power plant.

·      NTPC’s project in Sri Lanka hits hurdle on account of 70 queries raised by the country’s Attorney on basic issues.

·      Bharati Shipyard mulls funding options for new shipyards in Bengal, Gujarat planning `2000Cr shipyards is considering QIP, FCCB, or rights issue to part finance.

·      Zenith Birla plans to invest `300Cr for its expansion-cum diversification plan both in the new & old investments.