Buzzing Stocks ·keynote: 7 June

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Buzzing Stocks

·      SAIL to set up four pellet plants over the next two to three years to utilize fines generated by its mines.

·      Bharti Airtel and Trimax Infrastructure bagged a contract of over Rs1bn from the Government of Rajasthan to establish a state wide area network.

·      ONGC giving up rights on Rajasthan oilfields questioned by member of the Parliamentary Committee of Petroleum and Natural Gas.

·      Southern region is to be completely integrated with Power Grid in 3 years to form one of the largest synchronous interconnections in the world. 

·      Rural Electrification plans to raise up to $1.75bn through a combination of FCCBs and external commercial borrowings by November this year.

·      GMR, Lanco Infra seek clarity on Reliance Industries KG gas for new plants.

·       SAIL to set up four pellet plants over the next two to three years to utilize fines generated by its mines.

·      PowerGrid awaits cabinet approval to start work on two substations in Afghanistan, entailing a total investment of Rs2bn.

·      Elder Pharmaceuticals plans to launch almost three dozen new products in the coming 30 months.

·      Indian Bank to launch Rs15bn FPO by end of August-September 2011.

·      NIIT to acquire soft skill training company Evolv.