Stocks to watch:Essar Oil, ITI, Oil India, Ispat Industries, Uttam Galva Steel
There are no takers for Indian Telephone Industries (ITI), the country’s oldest state-owned company, which was the first to be put on the block by the UPA government at the start of its second term in May last year.
By ET Bureau |
MUMBAI: There are no takers for Indian Telephone Industries (ITI), the country’s oldest state-owned company, which was the first to be put on the block by the UPA government at the start of its second term in May last year. Monday was the last date for receiving bids for three of the six production units of ITI.
A group of property buyers have lodged a first information report (FIR) against the country’s largest builder DLF and its top executives after the firm allegedly reneged its commitment to refund about Rs 300 crore for a delayed project.
Oil India, the state explorer that bid for Gulfsands Petroleum, said it has more than $2.5 billion cash available for acquisitions as it seeks producing assets overseas to help boost the country’s energy security.
Essar Energy Holdings will consolidate its shareholding in Essar Oil later this month as precursor to its plan to raise nearly $3 billion through listing with the London Stock Exchange.
Ispat Industries has increased prices of its products by up to Rs 3,000 a tonne. The company also plans to raise around Rs 700 crore in the near future to part finance the expansion projects.
Uttam Galva Steels, today said that it has increased the prices of its products in the spot market and monthly contract by Rs 6,000 per tonne.
A group of property buyers have lodged a first information report (FIR) against the country’s largest builder DLF and its top executives after the firm allegedly reneged its commitment to refund about Rs 300 crore for a delayed project.
Oil India, the state explorer that bid for Gulfsands Petroleum, said it has more than $2.5 billion cash available for acquisitions as it seeks producing assets overseas to help boost the country’s energy security.
Essar Energy Holdings will consolidate its shareholding in Essar Oil later this month as precursor to its plan to raise nearly $3 billion through listing with the London Stock Exchange.
Ispat Industries has increased prices of its products by up to Rs 3,000 a tonne. The company also plans to raise around Rs 700 crore in the near future to part finance the expansion projects.
Uttam Galva Steels, today said that it has increased the prices of its products in the spot market and monthly contract by Rs 6,000 per tonne.
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