± HPCL may look at merging Prize Petroleum Company Ltd with its internal exploration and production arm HP E&P. (BS)
± Lakshmi N Mittal and HPCL plan to sell a 10% stake each in the under-construction Bathinda refinery in a public offering in Q4 of 2011 to raise Rs10-15bn. (BS)
± NTPC will takeover 3,000-odd acres of vacant land from Patratu Thermal Power Station (PTPS) in Jharkhand to set up 1320 mw of thermal power generation capacity at an investment of RS66bn. (ET)
± BHEL has secured two breakthrough orders from Indian Railways for the development, manufacture and supply of 3-Phase IGBT-based propulsion systems for Electric Locomotives and AC Electric Multiple Units (EMUs). (ET)
± Punj Lloyd secured order from Hirco Group for two commercial buildings to be completed in 24 months
± Gitanjali Gems has planned a “restructured jewellery brand holding company” where it will divest 10% of equity to private equity investors, to raise US$100mn. (BS)
