Keynote- Buzzing Stocks-24/3/2011

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Buzzing Stocks

·      BHEL has won an order in a consortium with ABB from Indian state-run Power Grid for a power transmission link.

·      Zuari Industries is in the process of acquiring land to set up a `50 bn gas-based urea plant in Karnataka with an annual capacity of 1.3 million tonnes a year.

·      Aurobindo Pharma has received final approval from the US health regulator to market Famciclovir tablets.

·      Nestle India inaugurated a new manufacturing plant at Nanjangud in Mysore district, Karnataka. The plant, set up with an investment of `360 crore, will manufacture a range of culinary products.

·      Mahindra & Mahindra began work on its seventh tractor plant at Zaheerabad in Andhra Pradesh with a capacity of 100,000 units a year. It would invest `3bn in the facility spread over 100 acres, and expects to commence production in 2012.

·      Colgate-Palmolive Co said it will buy Sanex personal care brand in Europe from Unilever PLC for about $940mn to expand in the higher-margin personal care and pet nutrition businesses.