Buzzing Stocks - Keynote Capitals (March-7-'11)

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Buzzing Stocks

·      L&T, which is in the process of achieving financial closure for its recently bagged Hyderabad Metrorail project, is planning to raise Rs. 114bn debt from a consortium of 10 banks led by State Bank of India.

·      NTPC is in talks with German bank KfW for 15-Mw solar power plant at Anta in Rajasthan.

·      The government will infuse `4,376Cr as equity capital in Bank of Baroda and Union Bank of India as part of a recapitalisation package to shore up their equity capital.

·      NMDC plans to invest `3,309Cr on expansion projects in 2011-12, and a bulk of the amount will be spent on building the 3 million tonnes steel plant in Chhattisgarh.

·      Apollo Hospitals plans to add 2,000 beds in the next 24 months for an estimated outlay of nearly `1,200Cr.

·      Hotel Leela Venture plans to reduce the company's debt by selling its non-core assets and issuing equity shares.