Essar Oil, Adani Ports, GMR Infra among 15 Stocks in focus today

Check out the companies which will be in focus during trade today based on recent and latest news developments.

Adani Ports & SEZ Ltd: Adani Ports & Special Economic Zone is keen to complete its own ‘Sagarmala’ dream by having presence in the states of Maharashtra, Karnataka and Andhra Pradesh, Executive Director Karan Adani has been quoted as saying. 

Tata Motors: Tata Motors will not replace the Tata Indica hatchback with the new Tata Zica, a top company official has been quoted as saying by a financial newspaper.

PNC Infratech Ltd: The company has approved the sale of investment and execution of Share Purchase Agreement thereof, held by the Company in Jaora - Nayagaon Toll Road Company Private Limited (“SPV”) in the form of 2,44,23,700 equity shares representing 8.51% of the share capital of the SPV, to Viva Highways Limited for an aggregate consideration of Rs. 34,19,31,800/- (Rupees Thirty Four Crores, Nineteen Lakhs, Thirty One Thousand and Eight Hundred only). Accordingly, the Company has entered into a Share Purchase Agreement with Viva Highways Limited, which has made payment of an advance towards the consideration under the Share Purchase Agreement.

Lanco Infratech: Lanco Infratech announced commencement of power supply to Haryana Discoms from its domestic coal based 300 MW Unit # 2 of Lanco Amarkantak Power Limited (LAPL), Chhattisgarh.

Shemaroo Entertainment: The company is  planning to launch its movie premiere service 'Miniplex' on cable and online after partnering with two DTH players.

GMR Infrastructure: Prem Watsa-controlled Fairfax Financial Holdings and Singapore's Changi Airports International are in talks with GMR Group to invest around Rs. 3,200 crore to pick up a 30% stake in the latter's airport business, as per media reports.

UltraTech Cement Ltd: UltraTech Cement Ltd has informed BSE that the ESOS Compensation Committee has allotted 658 equity shares of Rs. 10/- of the company to Option Grantees upon exercise of stock options under the Company’s Employee Stock Option Scheme. On allotment, the equity share capital of the Company stands increased to 27,44,18,112 equity shares of Rs. 10/- each aggregating to Rs. 2,74,41,81,120/-.

Tata Chemicals Ltd: The company has dropped the plan to sell its fertilizer business, as no major buyer has shown interest in the price that the company was quoting, reports a business daily.

GMR Infrastructure: GMR Infra has raised $300 million (around Rs. 2,000 crore) from Kuwait Investment Authority through a 60-year foreign currency convertible bond and the money will be used to repay certain outstanding obligations of the company.

Vijaya Bank:  Vijaya Bank is planning to lower its net non-performing assets (NPAs) to under 2 per cent of the total advances by the end of the current fiscal year, according to MD & CEO Kishore Sansi.

Reliance Infra: Reliance Infrastructure Ltd. aims to become debt free by March 2017 and enter the defence sector in a big way, as per media reports.

Essar Oil Ltd: The company issued a public notice to delist the company from local bourses by buying out the non-promoter shareholding of 28.54% at Rs. 146.05 per share.

GAIL India Ltd: GAIL in collaboration with National Remote Sensing Centre, a unit of Indian Space Research Organisation (ISRO), has launched a surveillance geo-portal called ‘Bhuvan-GAIL Portal’ for pipeline safety management.

Elder Pharma: The Supreme Court on Friday asked Elder Pharmaceuticals Ltd. to submit a detailed proposal for paying back its deposit holders. A bench comprising justices J.S. Khehar and Rohinton F. Nariman said Elder had received multiple extensions for payment. They didn’t allow an extension.

Welspun Enterprises Ltd: Welspun Enterprises Ltd. (erstwhile Welspun Projects Ltd.) is in advanced stage of talks to sell its Dewas-Bhopal Corridor project in Madhya Pradesh to investment manager IDFC Alternatives, as per media reports.

State Bank of India: SBI US$1-1.5 billion overseas bond issue has been delayed following volatility in global financial markets, the Lok Sabha was informed on Friday.

Tata Steel:Tata Steel is believed to be close to a deal to sell one of its UK steel plants, as per media reports.  Several funds are in the race to acquire Tata Steel’s long products business in Lincolnshire, it adds.

Coal India Ltd: Coal India has announced that it has signed an MoU with National Environmental Engineering Research Institute.

Sagar Cements: Sagar Cements Limited has announced that the Government of Andhra Pradesh has since granted to the Company's wholly-owned subsidiary Company viz, BMM Cements Limited, a mining lease for Limestone over an extent of 1,123.32 acres of land nearer to its plant located at Gudipadu Village, in Ananthapur Pradesh for a period of 20 years, which would enable the company to source its limestone requirements there from after execution of a formal lease deed withe the appropriate authorities in due course. 

Jet Airways: Jet Airways said that it has received CAT II authorisation of its ATR 72 - 500/600 fleet from the Directorate General of Civil Aviation (DGCA) for low visibility operations.

Ashoka Buildcon: Ashoka Buildcon to buy 8.51% of Jaora-Nayagaon toll road company.