BUY AND HOLD "HPCL"
± NTPC has
earmarked an investment of Rs410bn for setting up four thermal projects
in Madhya Pradesh and Chhattisgarh in the next five years. (ET)
± The sharp drop in production at Maruti Suzuki's
Manesar plant on the back of a workers' strike is likely to lead to a
delay in the company executing its export orders for the A-Star compact.
(BL)
± BPCL plans to achieve refining capacity of nearly 42mn tonnes by 2015-16 where the focus will be on low-cost expansions. (BL)
± Emami would be investing about Rs20bn in the next two years on the healthcare segment. (BS)
± Indian Railways is weighing award of contracts worth Rs260bn to BHEL. (FE)
± 47 SEZ developers including TCS and Parsvanath SEZ have sought more time from the government from implementing their projects. (FE)
± Reliance Power
is all set to commission the 600mw Phase II of the Rosa thermal plant
in Shahjehanpur district, 3 months ahead of schedule. (FE)
± BGR Energy Systems to invest Rs30bn on turbines facility and Rs14bn on boilers’ unit in Tamil Nadu manufacturing facilities. (FE)