Corporate Highlights
- Jindal PolyFilm’s buyback opens on August 11. Maximum price is at Rs 400 (premium of 16%) and maximum size is of Rs 73 crore. The buyback represents 7.34% of paid up equity capital. Minimum 2 lakh shares would be bought back. The buyback was approved on July 31.
- REpower gets order for 31 wind turbines. Suzlon Energy is the major stake holder in REpower.
- Fortis Healthcare board will meet on August 10 to finalise rights issue terms. The Fortis Health board had approved rights issue up to Rs 1,000 crore.
- Textile Minister says govt to give Rs 2,550 Cr subsidy in 1 week
- Hindustan Dorr Oliver said that about 70% of the order book of the company comes from the government. The company has identified land near Chennai for second manufacturing unit. Company is looking at order book of Rs 1,000 crore. The total order book of the company stands at Rs 1400 crore. The company is bidding for projects worth Rs 600 crore. Capex is of Rs 65-70 crore. There are several uranium mines opening up. The company may get into manufacturing of components for nuclear power.
- Country’s leading engineering and construction company Larsen & Toubro is planning to strengthen its railway business by setting up a new entity. The company also said it has lined up investments to the tune of Rs 2,000 crore of which majority would go into two joint ventures on the power front this year.
