Check out the companies which will be in focus during trade today based on recent and latest news developments.
ONGC, RIL: The Petroleum Ministry on Wednesday set up a one-member committee under retired justice Ajit Prakash Shah to resolve the Krishna-Godavari Basin dispute between ONGC and Reliance Industries, as per media reports.
Reliance Infrastructure, Pipavav Defence: Anil Ambani-led Reliance Infrastructure has acquired an additional 17% stake in Pipavav Defence for an estimated Rs. 850 crore through an open offer, according to reports.
Suzlon: Dilip Shanghvi and the promoters of Suzlon will make an open offer to acquire a 26 per cent stake in the wind turbine maker for Rs. 2,837 crore.
State Bank of India: SBI said a meeting of its Committee of Directors is scheduled on December 21 to discuss the modalities of raising equity capital, either in the domestic or overseas markets or both, and also for mopping up additional non-equity capital by way of bonds denominated either in dollars or rupees, as per media reports.
Bhushan Steel Ltd:The company said as per the order of National Green Tribunal operations of Sahibabad Unit of the Company situated at Distt. Ghaziabad (U.P.) has been resumed after brief shutdown.
Power Finance Corporation Ltd: The company has informed BSE that the Board of Directors of the Company at its meeting held on December 16, 2015, inter alia, have declared and approved the payment of interim dividend @ Rs.8.80/- per equity share on the face value of the paid-up equity shares of Rs.10/- each for the Financial Year 2015-16.
Chennai Petroleum Corporation Ltd: The company has now informed BSE that the operations in the Manali Refinery of CPCL resumed on December 16, 2015 (except Fluidized Catalytic Cracking Unit and Crude Distillation Unit - II) and the operations in Cauvery Basin Refinery at Nagapattinam resumed effective December 14, 2015.
Coal India: COAL INDIA: The company has tied up with Indian Council of Forest Research and Education and National Energy Research Institute to find ways of producing coal through
measures beyond the mandatory environment norms.
Golden Tobacco: Dalmia Group company Golden Tobacco said that it has been issued a INRs. 121.55 crore demand notice by the central excise department.
Tide Water Oil: According to news report, the finance ministry has intervened in the ongoing hostile bid for Tide Water Oil Company by asking state owned LIC and United India Insurance not to participate in the open offer.
Jyoti Structures: The company is looking shareholder permission to modify debt restructuring agreement with its lenders to let them convert debt into equity, as per BSE data.
Arcotech: The company said that it got an order from India Government Mint (IGM), Mumbai, for the supply of 6,000 MT Nickel Brass Coils worth Rs.268.30 crore with an option of another 25% order, making it an aggregate order of Rs.335.37 crore.
Hubtown: The company has delayed the redemption in full, the principal amount of the Rated Secured Redeemable Non-convertible Debentures aggregating Rs.100 crores.
State Trading Corp of India: The company plans to launch an e-commerce platform in the next 6 months to facilitate buyers and sellers and will initially focus on trade of edible oils on the platform.
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