Wednesday, May 20, 2009

BOR: Stocks in action for the day: IOC, Grasim, Tata Motors, Jindal Steel

Government source says: -Upstream oil companies to share OMCs' (oil marketing companies) January-March revenue loss -ONGC, Oil India to pay Rs 943 crore subsidy in January-March Oil Ministry source says:-Oil Ministry issues letters to PSU oil companies on January-March subsidy -ONGC's Q4 subsidy burden at Rs 852 crore GAIL spared from Q4 subsidy sharing -Q4 oil subsidy on account of import loss reimbursement -HPCL to get Rs 560 crore as Q4 subsidy -Indian Oil Corporation to get Rs 146 crore as Q4 subsidy -BPCL to get Rs 237 crore as Q4 subsidy

Jindal Steel to replace Reliance Petroleum in Nifty from June 17

Grasim Q4: -Revenues up 5% at Rs 5020 crore versus Rs 4765 crore -PAT down 5% at Rs 569 crore versus Rs 599 crore

Grasim FY09 consolidated -Net profit down 16.2% at Rs 2,187 crore -Net revenue up 8.5% at Rs 18,603 crore Grasim puts RMC ((ready mix concrete)) business capacity additions on hold due to low demand ((had planned 11 new plants with investment of Rs 100 crore))

Thermax FY09 consolidated: -Net Sales down 1% at Rs 3460.29 crore versus Rs 3481.52 crore -PAT down 1% at Rs 288.94 crore versus Rs 290.72 crore Thermax Q4 -Net sales at Rs 948.25 crore versus Rs 922.10 crore -PAT at Rs 92.97 crore versus Rs 78.40 crore -Other expenditure includes forex loss of Rs 25.88 crore versus gain of Rs 4.59 crore

Mercator Lines FY09 consolidated -Net sales at Rs 2,133.6 crore versus Rs 1,454.9 crore -Net profit at Rs 376.5 crore versus Rs 327.7 crore

Ruchi Soya board approves: -Issue of 3 cr shares at Rs 35/sh to FIIs on preferential basis -Issue of 7 cr convertible warrants at Rs 35 to promoters on preferential basis

allvoices

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