Stocks in News

MT Educare Limited: 

     The Reserve Bank of India has today notified that the foreign shareholding through Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) in M/s MT Educare Limited has reached the trigger limit. 

SBI: 

     SBI today said it expects 14 to 15 per cent growth in credit off-take during the current financial year even as economic indicators are improving. 

Power Grid Corporation of India: 

     The government-owned company has mopped up close to Rs 4,500 crore in its first bond issue in the current financial year beginning April 1. In the bidding process held on Tuesday, the company has sold bonds with 5-, 10- and 15-year maturities at 9.30%. 

MTNL Ltd: 

     The telecom department (DoT) has for the first time set a cut off date-July 31, 2015-for concluding the much discussed merger of struggling state-run telecom companies, Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd

Gammon Infrastructure Projects Ltd: 

     The Company has informed the stock exchange that its QIP (qualified institutional placement) committee of directors had approved the opening of QIP on September 1. The committee also resolved that the floor price of the issue is Rs. 13.3375 per equity share. 

Hindalco Ltd:

      It has announced to the stock exchanges that shareholders will be considering Rs 6,000 crore NCD issue in the annual general meeting (AGM). This essentially means that they have also put in a proposal to raise the borrowing limit to around Rs 20,000 crore, said media reports. 

Alstom T&D India:

      The company has bagged a contract worth Rs 55 crore for supplying power transformers in Bhutan. The company will supply 13 units of 75 MVA (megavolt ampere), 400 kV (kilovolt) generator transformers etc. 

NMDC: 

     State-run iron ore producer NMDC is in the process of acquiring 3,000 acres in Karnataka for setting up its second steel plant with an annual capacity of 3 million tonnes, at an investment of around Rs 18,000 crore.