Monday, January 19, 2009

Corporate Announcements:

Infosys reported Q3’09 results, total revenue rose 35.5% yoy
to Rs. 57.86 bn, and net profit increased 33.3% yoy to
Rs. 16.41 bn. (BS)
· SBI entered into an agreement with the Gujarat government
to create a Rs. 50 bn fund for investing in equity of
infrastructure projects. (ET)
· BPCL was negotiating with Reliance Industries for allocation
of gas from the Krishna-Godavari basin, off the Andhra
Pradesh coast. (ET)
· Gujarat NRE Coke is planning to invest about Rs. 30 bn over
the next 4-5 years in expansion projects across Gujarat. (ET)
· GAIL India is planning to invest Rs. 50 bn over the next 3-4
years to set up a CNG corridor across the country. (BS)
· IDFC signed two MoUs with Gujarat State Energy Company
and BHEL to establish a 1600 MW thermal power plant at
Sarkhadi based on supercritical technology. (BS)
· ONGC is planning to invest USD 5.3 bn in developing gas
finds in two of its eastern offshore Krishna Godavari basin
blocks by 2013. (BS)
· Hindustan Construction signed two agreements with the
Gujarat government with total investment of Rs. 415 bn. (BS)
· NTPC is planning to invest Rs. 60 bn in super thermal power
projects in MP, UP, and Chattisgarh. (BS)

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