Focus Stock,
Stock in Focus: 31st March '2014
Focus Stocks for Today
Adani Power Ltd: Electricity regulator CERC's move to allow compensatory tariff for two Mundra projects of Tata Power and Adani Power has been challenged before Appellate Tribunal for Electricity (APTEL) by an NGO, which alleges that the move would give "undue benefits" to the utilities.
Bharti Airtel Ltd: Country's largest telecom operator Bharti Airtel said one of its promoter group entity Bharti Telecom has bought 57.14 lakh shares of the company for Rs 171.92 crore through various market transactions.
Jain Irrigations Ltd: Micro irrigation company Jain Irrigation Systems is looking to sell a stake in its food-processing business to private equity funds to raise up to Rs 610 crore as it seeks to cut debt and boost growth.
ICICI Bank Ltd: Country's largest private sector lender ICICI Bank has hit the Australian debt market for the first time with a $ 138.2-million in five-year money as part of its $ 5-billion medium-term notes programme.
ABG Shipyard Ltd: A group of 22 banks led by State Bank of India (SBI) has cleared the recast of Rs.10,000 crore in loans advanced to ABG Shipyard Ltd, under the corporate debt restructuring (CDR) process for bailing out financially stressed borrowers, offering India's largest private shipbuilder a breather, said media reports.
RIL Ltd: Reliance Industries will continue to sell natural gas from its eastern offshore KG-D6 fields at the current rate until the next government decides on a revision in prices.
Bosch Ltd: After facing a tools-down strike by the employees of its Bangalore plant last year, auto component maker Bosch now faces another agitation from its Nashik plant union, said media reports.
Tata Power Ltd: Tata Power Delhi Distribution Ltd has sought compensation from the Indian arm of Chinese power producer CLP Holdings for wrongly announcing the commissioning of its 1,320 mw Jhajjar Power project for which it had to unnecessarily pay Rs 33 crore as transmission charge.
Tata Chemicals Ltd: Tata Chemicals will not participate in an ammonia-urea project being set by a JV between Olam International and the Gabon government in the African country.
Sesa Sterlite Ltd: Sesa Sterlite's Executive Director (Iron Ore Business) Prasun Kumar Mukherjee has quit the company, making the first high profile exit from the Vedanta group since its restructuring in August last year.
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