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India Equity Research Reports, IPO and Stock News
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Economy News
4 India is expected to see 5.4% growth in the farm sector in the current
fiscal 2010-11 as indicated by substantial expansion in area and
production of major crops in both Kharif and Rabi seasons (ET).
4 Food inflation reversed a three weeks of decline to climb back into
double digits in mid-March because of rise in prices of cereals, vegetable
and fruits (ET)
4 Projects below 200 MW coming on-stream after March next year will not
get coal supplies as the government looks to promote higher-capacity
power plants that consume less fuel (ET).
Corporate News
4 PowerGrid Corporation of India Ltd (PGCIL) will submit a revised
offer for consultancy project in Nigeria and expects to finalize a deal in
the next two to three months. Company is among the three short listed
bidders by the Nigerian government to manage the country's electricity
grid to be constructed at a cost of $3.5 billion (BS).
4 The wholly-owned overseas arm of ONGC - ONGC Videsh Ltd (OVL)
incurred a loss of Rs 11.8 bn from its joint venture operations in Russia
(BS).
4 Engineers India Ltd will join National Fertiliser Ltd (NRL) to take at least
a 51 per cent stake in the Ramagundam revival project, which is expected
to cost about Rs 40 bn (BL).
4 The coal ministry has stated that Neyveli Lignite Corporation's (NLC)
will commission Rs 3.1 bn wind power project in Tamil Nadu by early next
year (ET).
4 Pipavav Shipyard is set to make an entry into the defense sector after
securing approval from the Foreign Investment Promotion Board on
Wednesday to build warships for the Indian Navy (ET).
4 Reliance Power is in an advanced stage of tying up debt of Rs 70 bn for
financing its 2,400-megawatt (MW) gas based power project at Samalkot
in Andhra Pradesh (ET).
4 Usha Martin has raised $ 125 million through external commercial
borrowing to part finance its expansion activities (BL).
4 Jyothy Laboratories which has paid Rs 607 mn at Rs 35 share to get a
14.9 per cent stake in Henkel India may not be willing to pay more than
Rs 40 share to acquire controlling stake in latter (BL).
4 Natco Pharma Ltd that currently operates in Lancaster, Pennsylvania is
actively considering its sale of its entire US business (BL).
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Economy News
4 India is expected to see 5.4% growth in the farm sector in the current
fiscal 2010-11 as indicated by substantial expansion in area and
production of major crops in both Kharif and Rabi seasons (ET).
4 Food inflation reversed a three weeks of decline to climb back into
double digits in mid-March because of rise in prices of cereals, vegetable
and fruits (ET)
4 Projects below 200 MW coming on-stream after March next year will not
get coal supplies as the government looks to promote higher-capacity
power plants that consume less fuel (ET).
Corporate News
4 PowerGrid Corporation of India Ltd (PGCIL) will submit a revised
offer for consultancy project in Nigeria and expects to finalize a deal in
the next two to three months. Company is among the three short listed
bidders by the Nigerian government to manage the country's electricity
grid to be constructed at a cost of $3.5 billion (BS).
4 The wholly-owned overseas arm of ONGC - ONGC Videsh Ltd (OVL)
incurred a loss of Rs 11.8 bn from its joint venture operations in Russia
(BS).
4 Engineers India Ltd will join National Fertiliser Ltd (NRL) to take at least
a 51 per cent stake in the Ramagundam revival project, which is expected
to cost about Rs 40 bn (BL).
4 The coal ministry has stated that Neyveli Lignite Corporation's (NLC)
will commission Rs 3.1 bn wind power project in Tamil Nadu by early next
year (ET).
4 Pipavav Shipyard is set to make an entry into the defense sector after
securing approval from the Foreign Investment Promotion Board on
Wednesday to build warships for the Indian Navy (ET).
4 Reliance Power is in an advanced stage of tying up debt of Rs 70 bn for
financing its 2,400-megawatt (MW) gas based power project at Samalkot
in Andhra Pradesh (ET).
4 Usha Martin has raised $ 125 million through external commercial
borrowing to part finance its expansion activities (BL).
4 Jyothy Laboratories which has paid Rs 607 mn at Rs 35 share to get a
14.9 per cent stake in Henkel India may not be willing to pay more than
Rs 40 share to acquire controlling stake in latter (BL).
4 Natco Pharma Ltd that currently operates in Lancaster, Pennsylvania is
actively considering its sale of its entire US business (BL).
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