Sie sind auf Seite 1von 10

Hindalco

1 US$600mn raised by Hindalco through QIP issue


Hindalco Industries Ltd., part of the Aditya Vikram Birla group, has reportedly sold shares to institutional investors and raised up to US$600mn in an effort to part-finance three greenfield projects. The floor price for the share sale has been determined at Rs 130.90 per share, which is also known as qualified institutional placement in market parlance.

2 Alstom Projects India, a majority owned subsidiary company of Alstom SA France - the global leader in
power generation and rail infrastructure, has secured orders worth Rs 365 crore from Hindalco Industries, for supply and installation of four gas treatment plants in the country.

3 Hindalco Industries has announced that it is planning to raise around $500 million through a QIP or by
other sources, required for expansion of the company. During companys annual meeting on Friday, Mr. Kumar Mangalam Birla, Hindalcos chief, said that the proposal has been approved by board members, and the company is likely to raise funds by issuing security in domestic or international markets.

4McNally Bharat Engineering Company Ltd, a Kolkata-headquartered joint venture between BM Khaitan
group and GP-CK Birla group, hasannounced that it has bagged two orders worth Rs 179.27 crore from Hindalco Industries for construction related works. The engineering firm has received both the orders for the civil and structural works from Hindalco Industries.

5 Hindalco Industries Ltd, India's biggest aluminum producer, on Friday reported a lower-than-expected
31% decrease in net profit of the first quarter of the current fiscal. Its net profit for the said quarter came down to Rs 4.81 billion from Rs 6.97 billion in the last year, whereas net sales went down 16% to Rs 38.71 billion from Rs 46.19 billion. Nine brokerages forecast net profit of 3.09 billion rupees for the quarter, on net sales of 38.52 billion.

6As per views of technical analyst Mathew Easow, investors can purchase Hindalco Industries stock on
declines to achieve a short term between Rs 204-210. The stop loss marked for the suggested stock is Rs 178. Today (May 28), the companys shares opened at Rs 187, as against its last closure at Rs 185.50 on Monday (May 27), on the Bombay Stock Exchange (BSE). Current EPS and P/E ratio stood at 18.94 and 10.14 respectively. The share price has seen a 52-week high of Rs 223.3 and a low of Rs 135 on BSE.

STERLITE
FY 11 results on April 25, 2011 - Apr 17 Production Release for the Fourth Quarter and Year Ended March 31, 2011 - Apr 8 Corporate Presentation - Feb 24 Sterlite Industries (India) Ltd announces Completion of Acquisition of Lisheen Mine in Ireland - Feb 15 Update on BALCO Arbitration Award - Jan 27 SCORECARD: Table of Sterlite Industries Oct-Dec Earnings Sterlite Industries Q3 net Rs 16.43 bln, up 4% on yr; Shrs down Jan 23 2012 3:16PM-Sterlite Industries (india) issues "Announces Q3 Results" press release on BSE Sterlite Industries (india) issues "Announces Q3 Results" press release on BSE

GBP may show positive move against Euro and Sterlite industries looks Positive Sterlite Ind looks weak : Astromoneyguru Sterlite Industries looks weak suggested by Astromoneyguru 1st June 2011 (Sterlite Industries looks good: Astroprofit)

The committee of Sterlite Technologies in its meeting on 07 April 2011 has allotted 3,65,00,000 equity shares of Rs 2 each to Twin Star Overseas, Mauritius upon conversion of warrants on preferential basis. Further, the committee has allotted 56,348 equity shares to those grantees who had exercised their options under the company's Employee Stock Option Scheme 2006. Sterlite Industries (India), the countrys biggest copper producer, on Monday reported 17 per cent decline in net profit to Rs 913.52 crore in October-December 2011 quarter due to high cost of power, foreign exchange losses and high interest costs incurred to pay for acquisitions. Profits fell short of a median analyst consensus estimate of Rs 1,150 crore compiled by Bloomberg.

RELATED ARTICLES

Sterlite Q3 net down 17% to Rs 913.52 cr Fall of rupee to help IT sector meet

guidance S K Roongta, managing director at Vedanta Aluminium (an associate of Sterlite), said in a conference call: Our profits have been impacted by foreign exchange losses and high input costs. In the coming quarters we are trying to improve our efficiency to bring down power costs. We are also focusing on improving other operational efficiencies to boost our margins.

Roongta said: The 1.25 million tonne per annum Jharsuguda-II smelter project at Orissa is in the final stages of completion, and we continue to evaluate the option of selling power versus producing aluminium at this smelter. The companys consolidated net sales in the third quarter of financial year 2011-2012 rose 23.53 per cent from a year ago to Rs 10,246.18 crore while its expenditure was up 27.8 per cent from a year ago to Rs 8,442.88 crore. Power, fuel and water costs in the quarter ended December 2011 rose by 88 per cent from a year ago to Rs 1,056.9 crore. The companys interest and finance costs in the December 2011 quarter too rose 111.9 per cent from a year ago to Rs 157.34 crore. During the quarter the company had foreign exchange losses of Rs 166.02 crore due to depreciation of the rupee by 22 per cent in OctoberDecember 2011 period. In contrast, Sterlite had a foreign exchange gain of Rs 3.68 crore in OctoberDecember 2010. Lower prices of all its finished products hurt profits. In contrast coal used for fuel became dearer by 8 per cent to an average $114.5 a tonne in the quarter ending December 2011 from a year earlier, according to researcher McCloskey Group. Bhavesh Chauhan, an analyst at Angel Broking said the net profit declined as realisation from zinc, aluminium and lead remained low. The company reported an operating margin of 22 per cent in the third quarter of the present financial year as compared to 23.9 per cent a year ago. The company is expected to perform better due to the approvals for the coal linkage the company has received in Orissa. This will improve the operational costs, said Sanjay Jain, analyst at Motilal Oswal.

MAHINDRA AND MANIDRA


Satyam Computer Services, since rebranded as Mahindra Satyam as it is now controlled by

RELATED ARTICLES

Mahindra to hike XUV500 capacity to 3k units in 2-3 months

the Mahindra group, has filed a suit in the civil court of Hyderabad against the past board of directors of Satyam, certain former employees and former statutory auditors PriceWaterHouse India and its affiliates and partners. In a filing to the stock exchanges, SCSL said it sought damages for inter-alia perpetrating fraud, breach of fiduciary responsibility, obligations and negligence in performance of duties. We have filed a civil suit. Seeking monetary compensation is not ruled out. We have named the employees who are already facing trial and a few others who are not, said a Satyam official.

Mahindra launches new scooter Duro DZ priced at Rs 42,332

Vinod Dham, Krishna Palepu and Mangalam Srinivasan , TR Prasad, V S Raju and M Rammohan Rao were on the board apart from against former Ramalinga Raju and his brother and former managing director B Rama board, PW Raju when the fraud was detected. In the event of the company seeking monetary compensation for the fraud, a designate body Satyam sues former should quantify the losses before awarding any compensation. directors, Price However, PriceWaterHouse India isnt amused. PW India is outraged Waterhouse that Satyam is attempting to shift responsibility to the auditors for the consequences of a carefully and deliberately concealed fraud that was undertaken at the direction of its own senior management, said PW India in a statement. The auditor has filed its own civil suit against Satyam and certain members of its former senior management claiming compensation and damages. damages claim Satyam fell into a worst crisis immediately after its founder B Ramalinga Raju on January 7, 2009, confessed to have fudged accounts to the tune of Rs 7,136 crore. The crisis forced the government to supersede the companys board with its nominees to revive it through auctioning. Mahindra group, which gained control of the company through an open auction organised by the government-nominated board in April, 2009, subsequently faced several claims by investors, erstwhile partners and regulators in the overseas markets and regulators in India. Under the new management, the company has entered into a number of settlements with investors and regulators in overseas markets. The settlements include $70 million with Upaid Systems, $125 million with investors under class action suit in the US, and $10 million with the US securities market regulator, Securities Exchange Commission. The claims the company now contests include Rs 1,230 crore by 37 companies that claimed lending Ramalinga Raju, $68 million claimed by investors under Aberdeen Complaint, Rs 616.5 crore of tax dues claimed by the Central Board of Direct Taxes.

Satyam cautious on

MARUTI SUZUKI
COIMBATORE, JAN 23: Maruti Suzuki's share price surged even as the company announced a dismal third quarter results today. The company said sluggish demand for vehicles and the trouble at its Manesar plant impacted net sales and profit in the December quarter. On the NSE, the share price of Maruti Suzuki surged Rs 43.35 or 3.93 per cent to Rs 1,146.85 after the results were announced.

During the October-December quarter, Maruti sold 211,803 units in the domestic market compared to 299,527 vehicles in the same period of the previous financial year. Its exports also came down to 27,725 units (31,160 units). It blamed the sluggish market conditions due to higher fuel prices and interest rates for the decline in sales which was compounded further by the loss in production of about 40,000 units due to the labour problem in its Manesar plant. The depreciation of the Indian rupee also hit the profitability due to higher import costs for itself and vendors and higher royalty payment. A look at its nine months sales showed that the company is losing its market dominance. In the first nine months, the company sold 684,892 vehicles in the domestic market compared to 820,350 vehicles in the same period in the last fiscal. The surge in share price indicated that the poor Q3 numbers did not dampen the enthusiasm of the market in the share which has already shed considerable value from its 52-week high. The slew of launches the company has planned, including the new Swift Dzire model and the Ertiga MPV, and the expected fall in interest rates that may boost vehicles sales, may have weighed in with the investors to give a thumbs up to the stock.

TATA STEEL
Hari loses but keeps lead at Tata Steel Chess meet TOI 7 hrs ago CHENNAI: Finally, Pentala Harikrishna's golden run in group B of the Tata Steel chess tournament at Wijk aan Zee came to an end on Friday. After the rest day, the India sitting pretty with eight points from 10 rounds bowed to Ernst Sipke of the Netherlan RSB T-20 cricket tourney from today TOI 23 hrs ago Come Saturday and cricket lovers of the Steel City will witness international players like Wasim Jaffer, Saurabh Tiwary and Romesh Powar exhibiting their skills with the bat and ball here. The RSB Twenty-20 Cricket Cup Tournament, beginning here on Janua Tableaux mark R-Day TOI 23 hrs ago RANCHI: Governor Syed Ahmed on Thursday appealed Maoists to shun the path of violence and join the mainstream as it hinders development. "Naxalism is a big problem in the path of development. Violence has no place in a democracy," said Ahmed while unfurl Harikrishna loses but stays ahead TOI 2012-01-28 09:38:00 WIJK AAN ZEE: Asian champion P Harikrishna suffered a shock defeat at the hands of local favourite Ernst Sipke, but the Indian still maintained a half point lead in Group 'B' after the 11th round of Tata Steel chess tournament. Harikrishna ran out of ste Sensex on firm foot; RIL, Sterlite, Bharti Airtel gain ET 2012-01-27 13:25:00 MUMBAI: The Bombay Stock Exchange's Sensex pulled back from day's lows as buying activity resumed at lower levels even as the cues from peers were subdued. According to traders, the Indian equities were catching up with global markets which rallied a day

Tata Steel up on Euorpean tubes business restructuring ET 2012-01-27 12:17:00 Shares of India's Tata Steel rose after the world's seventh-largest steelmaker said it would cut 200 jobs at four European plants as part of a restructuring of its European steel tubes business in the face of tough economic conditions and weakening deman Nifty seen opening higher; Ranbaxy, Tata Steel eyed ET 2012-01-27 08:09:00 NEW DELHI: The 50-share Nifty index is expected to open higher on Friday tracking positive Asian markets helped by Federal Reserve's vow on Wednesday to keep interest rates near zero at least until the end of 2014. The Nifty ended a volatility marred ses Harikrishna get the better of Vocaturo; in sight of title TOI 2012-01-26 19:27:00 WIJK AAN ZEE (The Netherlands): Asian champion P Harikrishna made another stride towards his maiden title in the Group B of Tata Steel chess tournament by beating Daniele Vocaturo of Italy in the tenth round. With his sixth victory in the tournament, Har

act as a link between various local chapters of the institutes alumni outfits. Led by S. Ranganathan as president and Tata Steel vice-president (corporate services) Sanjeev Paul and NIT faculty member Malay Neeraj as secretary, the committee will function

House panel glare on illegal slag dumping


Calcutta Telegraph 6 hrs ago

Control Board officials to collect samples from Sakchi nullah, that was directly fed by water coming out of the Tata Steel plant. The board was asked to test the samples and submit a report to the team. We also directed health department officials to submit

Fine tuning in South Korea


best in the game in South Korea during a training-cum-competitive stint in the run up to the 2012 Olympics in London. Tata Steel is sending the duo for a special 35-day drill in Gwangju from February 22 to March 26 to ensure they get the best possible warm-up
Calcutta Telegraph 6 hrs ago

Speed News
13 Apr 2011,14:35

Tata Steel to float its first ever Rs 1500cr perpetual bond issue, gets `AA" rating from CARE.

Sail
Steel Authority Of India Issues "Change In Composition Of SAIL Board" Press Release On BSE
Related Industry : Steel

The following is the text of a press release issued by Steel Authority Of India :

Steel Authority of India Ltd has informed BSE that on nomination by Government of India, the Board of Directors of Steel Authority of India Limited (SAIL) has approved the appointment of Dr. Isher Judge Ahluwalia, Shri Sujit Banerjee and Shri Arun Kumar Srivastava as Part-time Non-official Directors on the Board of SAIL.

SAIL Net Profit Down By 29% In Q1FY11


Related Industry : Steel SAIL net profit down by 28.8% to Rs 838.06 crore for the current quarter ended June'11 as against Rs 1176.65 crore during the corresponding previous quarter. Net sales increased by 19.7% to Rs 10810.94 crore in the quarter ended June'11 as against Rs 9029.37 crore during the corresponding previous quarter (End) Copyright (c) TickerPlant Ltd.

SAIL Is In The Process Of Developing Chiria Iron Ore Mines: PIB


Related Industry : Steel

The Minister of Steel, Shri Beni Prasad Verma has said that Steel Authority of India Limited [SAIL] is in the process of developing Chiria iron ore mines as state-of-the-art mechanized mines with a run of mine capacity of 7 million tonnes per annum [mtpa]. In a written reply in the Lok Sabha today he said, in this regard following development have taken place:

i] Preparation of Detailed Project Report [DPR] is under advance stage of completion. ii] Stage-I forest clearance for 595.075 hectares covering Ajitaburu, Budhaburu, SukriLatur and Dhobil leases and environment clearance for Budhaburu and Ajitaburu leases of Chiria mines have been granted by Ministry of Environment & Forests [MoEF], Government of India in March 2011. iii] Mining Plans of Ajitaburu, Budhaburu, Dhobil and Sukri-Latur leases of Chiria have already been approved by Indian Bureau of Mines [IBM], Nagpur. Reliance petrochemicals Fate of 10 more issues to unfold in 2 months
MUMBAI, JAN. 27: Four companies deciding not go through with their public issues underscores the uncertainty in the economy and the market. The approval given by capital market regulator SEBI to the four companies to raise Rs 700 crore expired on January 18. And the fate of another 10 IPOs, for raising Rs 4,210 crore, will unfold in the next two months. Corporate houses have to launch their IPOs within a year after getting SEBI consent. Mr Jagannadham Thunuguntla, Strategist and Head of Research, SMC Global Securities, said that of the 10 companies waiting in the wings, two may launch their IPOs if the current market momentum continues till March.
LOT OF UNCERTAINTY'

At present, there is lot of uncertainty in the market with elections slated in five States, including the keenly watched Uttar Pradesh. Besides, the policy decision taken in the Union Budget will also sway investor mood, he added. The four companies whose approvals expired include Micromax Informatics (issue size: Rs 426 crore), Pride Hotels (Rs 125 crore), Betul Oil (Rs 100 crore) and Tara Jewels (Rs 50 crore).

Earlier this month, Goodwill Hospital and Research Centre had to recall Rs 62-crore IPO due to poor response from investors.
MISSES THE BUS

Last year, 29 IPOs to raise Rs 32,400 crore could not hit the market within the SEBIprescribed timeline of one year due to adverse market conditions. Some of these companies include: Reliance Infra Tel (Rs 5,000 crore), Lodha Developers (Rs 2,500 crore), Ambiance Ltd (Rs 1,293 crore), Sterlite Energy (Rs 3,000 crore), BPTP Ltd (Rs 1,500 crore), Gujarat State Petroleum Corporation (Rs 3,000 crore), Jindal Power (Rs 7,200 crore) and Lavasa Corporation (Rs 1,600 crore).
PUNE: Initial public offers or IPOs amounting to Rs 30,000 expired in 2011, on low interest of investors. While the markets have started to pick up in calendar 2012, it is yet to be attractive for the IPO markets. Four IPOs, including that of Micromax Mobiles and Pride Hotels, have expired in January 2012, Tara Jewels and Betul Oil being the other two. 10 other companies have just two months left to in their validity period of one year from the date of SEBI approval for an IPO, and there are no indications yet of their IPO opening in the meantime. NEW DELHI: HPCL may buy 2.8 million tonnes of crude from Iran in 2012/13 against three million tonnes this fiscal year, its chairman said on Wednesday. S. Roy Choudhury said the lower volume could be because of "refinery economics" and not due to payment problems with Iran, India's second-biggest oil supplier after Saudi Arabia. Iran's supplies to India have been fraught with payment problems in the past 13 months after a clearing mechanism was scrapped in December 2010 and refiners have sought alternative supplies. On Monday, the European Union banned imports of oil from Iran and imposed a number of other economic sanctions, joining the United States in new measures aimed at deflecting Tehran's nuclear development programme and hitting its oil revenue.

MUMBAI: London-listed Essar Energy, a major importer of Iranian crude, will reduce its dependence on Tehran for oil, joining a growing list of Indian refiners that are turning elsewhere to diversify supplies and spread risks. Large refiners such as Reliance Industries have stopped buying Iranian crude while state companies like IndianOil have cut purchases. According to official estimates, India's total imports from Iran are likely to fall to 13 million tonnes in the current fiscal from 18.5 million tonnes in 2010-11, and 21.2 million tonnes in the year before that. Officials said with mounting US pressure against Iran's nuclear programme, India is being

cautious in dealing with the situation since it does not want to antagonise either Washington or Tehran. While India values diplomatic ties with the US, it also needs supplies of Iranian oil. For the record, the government and oil companies do not cite US sanctions as the reason for the reduction in purchase, but analysts said companies cannot risk heavy dependence on Iran and need to quietly diversify. Essar imports about 40% of its crude requirements (5 million tonnes per annum) from Iran. "We will be sourcing 10% less from Iran next fiscal," Essar Energy CEO Lalit Gupta told ET after the company announced the commissioning of a Hydrogen Manufacturing Unit as part of a 8,310crore expansion project. Oil companies and analysts are concerned about Iran's threat that other oil-rich nations would face consequences if they stepped up exports to offset any drop in Iranian supplies due to sanctions. But OPEC heavyweight Saudi Arabia on Monday said it could ramp up output by 2 million barrels "almost immediately" if there is an emergency, according to agency reports. Essar is expanding its Vadinar refinery to raise capacity by 30% to 18 million tonnes, but it will avoid Iran in its hunt for the additional 4 million tonnes a year of crude oil it will process, company officials said. The unit will be able to produce high-value products from lower grades of crude oil, the officials added. "Due to the ongoing expansion at the Vadinar refinery, we will be processing heavier and tougher crude. So we will change our crude slate and source more from Latin American countries and the Gulf, thus reducing our crude imports from Iran," Gupta said. Analysts said US sanctions against Iran's nuclear programme are weighing heavily on the strategies of oil companies, particularly firms such as Reliance and Essar, which have international operations. Iran has faced international pressure in the past but tensions escalated after the US enacted a law that seeks to stop countries from paying for oil from Iran. "In case tensions continue to escalate, we will have to reconsider our sourcing strategies from Iran," K Murali, director for refineries at HPCL, told ET. "Indian oil firms importing crude from Iran will definitely be concerned about US sanctions against Iran and will be looking at alternative sourcing, but given that these sanctions will only kick in after three months they have time to tie up alternative crude sources,. The question is who will supply the shortfall?" said Deven Choksey, who heads KR Choksey Securities.

VISAKHAPATNAM: The festival mood in the port city was fouled up by an intensely oppressive chemical smell that has hung in the air for last two days. While residents complained of severe breathing problems and were in distinctly low spirits, there was no response from the statePollution Control Board (PCB) which continued to be in a holiday mood. Several residents felt suffocated in the putrid smell of the chemicals that were released into the environment with the nausea accompanied by retching in some

cases. The people were almost choked by the strong smell of chemicals and effluents. EAS Sarma, convenor of the Forum for Better Visakha ,alleged that despite HPCL being served with a notice by PCB asking it to check air pollution, which caused severe inconvenience to people last year in November, the release of chemicals continues. Recently, thousands of dead fish were found floating in the waters near the shipbuilding yard. Although complaints have been filed, PCB is yet to come up with any tangible solution to the emission of poisonous gases and effluents. "The PCB and state government's inaction is leading to slow-poisoning of the people of Vizag, an offence that is punishable under law," Sarma said

Bpcl
Stock market analyst Anil Singhvi has maintained 'buy' rating on Bharat Petroleum Corporation Limited (BPCL) stock with an intra daytarget of Rs 800. According to analyst, the stock can be purchased with a stop loss of Rs 744. Mr. Singhvi also said that there are full chances of an upsurge as the energy giant has recorded gained in its quarterly earnings. The stock of the company, on Nov 10, closed at Rs 755.80 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 814.90 and a low of Rs 495.10 on BSE.

It is not been very bad third quarter performance of most of the companies announced till now. However, Reliance Industries results was very disappointing along with the dampener buyback offer. Manoj Singla of Religare Capital Markets is positive on RIL as he feels the buyback will support the stock. In an interview to CNBC-TV18, Singla explains, "We are positive on RIL, we believe the GRMs have bounced back and we think going forward the operating performance will actually improve plus the buyback should provide some support to the share price. On a 9-12 months horizon, we are actually positive Reliance." As an investment strategy, he advises buying Hero MotoCrop in the two-wheeler space. Among the IT stocks, he prefers Wipro while Hexaware andMindTree are his favourites in the midcap IT segment. He also likes HPCL and BPCL at current levels.

Oil marketing companies (OMCs) are in no mood to cheer a rise of Rs 3 against the dollar in last 20 days, which generally should have made them happy. Let's find out reasons for OMCs like state-run Hindustan Petroleum , Bharat Petroleum and Indian Oil to consider this development as a non-event. The rupee which averaged at around Rs 53 against the greenback in December 2011 has strengthened to Rs 50 in the current month. OMCs, largest purchasers of dollars from domestic market are saving Rs 3 while buying a dollar to fund crude basket. OMCs import around 50,000 barrels of crude each day, which is 80% of their requirement. Now, with the rupee appreciating 5% month-on-month, and the crude cost being stable at around $110/bbl m-o-m, fuel retailers, which paid Rs 29.15 crore in December to buy the commodity have paid Rs 27.5 crore and have saved a meager Rs 1.65 crore per day. This means they have saved Rs 33 crore in this month. But this amount sounds miniscule if one were to compare it with Rs 1.9 lakh crore under-recoveries oil retailers they have already incurred on sale of petroleum products in the current financial year after rupee depreciated from 45 to 54 levels. Companies incur revenue loss or under-recoveries since they buy crude from global market and later sell finished products like diesel, kerosene and liquefied petroleum gas (LPG) at government regulated prices to keep inflation in check. However, the government partially compensates these companies for selling below cost each year. But, there is little certainty as to when and how much compensation the government will give to these companies for losses which they have already incurred. To reduce the burden on under-recoveries, the government had said it will look into de-regulating LPG, kerosene and diesel prices but this issue is on the backburner due to the upcoming elections in five states. Similarly, oil companies cannot mull a petrol price hike, despite having the freedom to do so due to political reasons. ( Enjoy Moneycontrol.com on iPad and be prepared for a fantastic experience. Get real time stock quotes, interactive charts, market buzz, and watch CNBC-TV18, CNBC Awaaz live on your iPad. Check out the free moneycontrol app. Click here to download now ) Morgan Stanley has downgraded Reliance Industries(RIL) to 'underweight' from 'equalweight', saying it expects the energy major's gross refining margins, exploration and production volumes to fall. The bank has cut its price target for the company to Rs 650 from Rs 921. "We highlight that two of three Reliance's core divisions -- refining and petrochemicals -- face near-term headwinds," it said in a note.

Das könnte Ihnen auch gefallen