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Stocks in news: NMDC, NTPC, PBA Infra, Sesa Goa, Satyam

This article was posted on Jul 17, 2009 and is filed under Press Releases

Results today: TCS, Colgate, Crompton, India Infoline, Container Corporation, Goa Carbon, Kirloskar Brothers, Prime Securities, Sasken, Sonata Software, Wyeth, Radico Khaitan

Big story: Govt
-To divest stake in Kudremukh Iron Ore, Manganese Ore, NMDC
-Between 9-20% of Kudremukh may be divested
-Kudremukh sale can raise between Rs 771-Rs 1,713 crore
-Alert: Kudremukh is listed with 1% market float
-10% of Manganese Ore may be sold via offer for sale
-Manganese Ore sale may fetch Rs 108 crore
-Alert: Manganese is unlisted, owned by GoI (Government of India), Maharashtra and Madhya Pradesh
-Between 8.38%-20% of NMDC may be divested
-NMDC sale may fetch between Rs 10,351 crore-Rs 24,704 crore
-Alert: NMDC is listed with 1.62% market float

GMR – Sources
-GMR ready to file as intervener in RIL-RNRL SC case
-GVK’s Gautami Power files as intervener in RIL-RNRL case

Power Ministry to Oil Ministry: Exclusive
-Request 12 mmscmd gas for NTPC’s Kawas and Gandhar plants
-Requests gas supply at $2.34/mmbtu: Sources

Mint Exclusive: Anil Agarwal Says
-Vedanta group to enter steel business: Anil Agarwal
-Looking for partner to build first steel plant in India
-Sesa Goa in talks with steel companies from Japan and Europe

Mint Exclusive: Sources Say: Roche to appeal in SC on Delhi HC’s Tarceva ruling
Alert: Roche to contest Delhi HC’s interim order in March
Alert: Delhi HC allowed Cipla to sell Generic Tarceva

Bajaj Holdings & Investment Consolidated Q1
-Net sales at Rs 304.2 crore versus Rs 21.6 crore
-Net profit at Rs 385.1 crore versus Rs 51.4 crore

Exide Q1 Standalone
-Net sales at Rs 903.1 crore versus Rs 906.5 crore
-Net profit at Rs 122.4 crore versus Rs 82.2 crore

JK Tyre Q1
-Net profit at Rs 40.8 crore versus Rs 20.2 crore
-Net sales at Rs 897 crore versus Rs 849 crore

Novartis Q1
-Net sales up 5% at Rs 161 crore versus Rs 153 crore
-OPM 25% versus 22%
-Net profit up 7% at Rs 31.7 crore versus Rs 29.6 crore

Other stocks that are in news today:
Exclusive; Oil Ministry Sources: Oil Ministry pushing to reinstate tax breaks under NELP I-VI
Hindalco to close wheel plant at Silvassa, no impact on operations and financials ((very small unit))
NTPC agrees to pay margin for Reliance Gas – Mint
PBA Infrastructure bags orders worth Rs 70.8 crore from Mumbai Metropolitan Region Development Authority (MMRDA)
JMC Projects board approves 1:5 rights issue @ Rs 110/share
19.86 crore Satyam shares to hit the market ((pref issue))
1.98 crore Graphite India shares to hit the market ((issued GKW shareholders on scheme of arrangement))
Vantage Corporate to resume trading, no circuit filter today

Excel Infoway IPO closes today, subscribed 0.32 times till now

Indian ADRs: Satyam up 5%, Wipro up 4%, ICICI Bank, HDFC Bank down 1%

source: Moneycontrol

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