Daily Stock News Today – 19.09.2017
* BHARTI AIRTEL: Plans to spend more than 320 bln rupees in the next two fiscal years to expand its network and gain 3-4 percentage points in market share.
* BIOCON: The US Food and Drug Administration made no adverse observations through a Form 483 for the company's active pharmaceutical ingredients manufacturing facility at Visakhapatnam in Andhra Pradesh.
* COAL INDIA: The company's subsidiary Mahanadi Coalfields could face a penalty of over 200 bln rupees due to a Supreme Court order that has rendered illegal all mineral production in violation of environmental laws. Will ask power plants at short distances to use trucks to free railway freight capacity for plants further away, as the transport bottleneck has led to coal stocks with 16 power plants reaching critical levels in September.
* INFOSYS: Another senior executive at the company, Sanjay Rajagopalan, has resigned less than a month after chief executive officer Vishal Sikka's exit.
* INTERGLOBE AVIATION: Has set the price for its qualified institutional placement of up to 33.58 mln shares at 1,130 rupees a share.
* JAYPEE INFRATECH: The Supreme Court has asked a fresh group of 400 homebuyers from Jaypee Orchard project in Noida to move an intervention application in the ongoing case on insolvency against the company.
* JSW STEEL: Has secured all statutory clearances for two of the five iron ore mines won in Karnataka.
* LOYAL EQUIPMENTS: Received an order worth 12.8 mln rupees from Burckhardt Compression (India) for supply of pressure vessels, and oil and water console for HPL, Linde, and INDIAN OIL CORP's Gujarat project.
* MAHINDRA LIFESPACE: Has signed a pact with International Finance Corp to develop industrial parks across Gujarat, Rajasthan, and Maharashtra.
* MUTHOOT FINANCE: Completed the acquisition of subsidiary Muthoot Homefin (India) for 387.2 mln rupees.
* NHPC: Has restored operations at its 132-MW TDLP-III and 160-MW TDLP-IV power stations in West Bengal on Friday and Thursday, respectively.
* SREI EQUIPMENT FINANCE: As construction of roads gathers pace, build-operate-transfer model should make a comeback in two to three years, said Devendra Kumar Vyas, chief executive officer.
* SWAN ENERGY: Subsidiaries Swan LNG and Triumph Offshore have signed agreements with Japanbased Mitsui OSK Lines for a liquefied natural gas dedicated floating storage re-gasification port project at Jafrabad in Gujarat.
* TATA MOTORS: Tata Sons has offered to buy around 1.7% stake in the company, worth 20 bln rupees, today, at a 4% premium to Monday's closing price of the stock.
* TEXMACO RAIL & ENGINEERING: The company's board has approved amalgamation of its subsidiaries Bright Power Projects (India) and Texmaco Hi-tech with itself, with effect from Apr 1.
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* BIOCON: The US Food and Drug Administration made no adverse observations through a Form 483 for the company's active pharmaceutical ingredients manufacturing facility at Visakhapatnam in Andhra Pradesh.
* COAL INDIA: The company's subsidiary Mahanadi Coalfields could face a penalty of over 200 bln rupees due to a Supreme Court order that has rendered illegal all mineral production in violation of environmental laws. Will ask power plants at short distances to use trucks to free railway freight capacity for plants further away, as the transport bottleneck has led to coal stocks with 16 power plants reaching critical levels in September.
* INFOSYS: Another senior executive at the company, Sanjay Rajagopalan, has resigned less than a month after chief executive officer Vishal Sikka's exit.
* INTERGLOBE AVIATION: Has set the price for its qualified institutional placement of up to 33.58 mln shares at 1,130 rupees a share.
* JAYPEE INFRATECH: The Supreme Court has asked a fresh group of 400 homebuyers from Jaypee Orchard project in Noida to move an intervention application in the ongoing case on insolvency against the company.
* JSW STEEL: Has secured all statutory clearances for two of the five iron ore mines won in Karnataka.
* LOYAL EQUIPMENTS: Received an order worth 12.8 mln rupees from Burckhardt Compression (India) for supply of pressure vessels, and oil and water console for HPL, Linde, and INDIAN OIL CORP's Gujarat project.
* MAHINDRA LIFESPACE: Has signed a pact with International Finance Corp to develop industrial parks across Gujarat, Rajasthan, and Maharashtra.
* MUTHOOT FINANCE: Completed the acquisition of subsidiary Muthoot Homefin (India) for 387.2 mln rupees.
* NHPC: Has restored operations at its 132-MW TDLP-III and 160-MW TDLP-IV power stations in West Bengal on Friday and Thursday, respectively.
* SREI EQUIPMENT FINANCE: As construction of roads gathers pace, build-operate-transfer model should make a comeback in two to three years, said Devendra Kumar Vyas, chief executive officer.
* SWAN ENERGY: Subsidiaries Swan LNG and Triumph Offshore have signed agreements with Japanbased Mitsui OSK Lines for a liquefied natural gas dedicated floating storage re-gasification port project at Jafrabad in Gujarat.
* TATA MOTORS: Tata Sons has offered to buy around 1.7% stake in the company, worth 20 bln rupees, today, at a 4% premium to Monday's closing price of the stock.
* TEXMACO RAIL & ENGINEERING: The company's board has approved amalgamation of its subsidiaries Bright Power Projects (India) and Texmaco Hi-tech with itself, with effect from Apr 1.
