Feb 22, 2013 09:44 AM IST | Source: CNBC-TV18

Stocks in news: Gitanjali, Hero Moto, Spanco, Gujarat Gas

Gitanjali Gems | BHEL | Hero Motocorp | Kingfisher Airlines | Spanco | SKF India | Shriram Transport Finance | Gujarat Gas and GVK Power are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Central Electricity Regulatory Commission (CERC) to shortly finalise orders in Tata, Adani cases: PTI
Alert: Companies sought higher tariff for electricity for projects in Gujarat
Alert: Companies sought higher tariff for 4,000 MW for Mundra project
Oil Ministry proposes rostering of KG-D6 Gas: PTI
-Oil Ministry roster supplies to ensure better availability of fuel: PTI

Govt sources say: DJ
-India likely to import 10 mt of iron ore in FY14
-FY14 iron ore export may be at 3-4 mt versus 30 mt (YoY)
-See sharp fall in iron ore exports due to mining bans

GVK Power says
-Sees financial closure of Australia mining project by December
-Focus on completing under-construction projects
-Captive Jharkhand coal mines to begin operations in October

Steel Ministry official says: PTI
-No need to hike import duty as imports have not reached an alarming level
-Steel Ministry official says imports have not gone up significantly & fear of steel makers is unfounded

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Gujarat Gas Q4 (YoY)
-Consolidated net profit at Rs 70 crore versus Rs 24.6 crore
-Consolidated net sales at Rs 756.5 crore versus Rs 641.4 crore

SKF India Q4 (YoY)
-Net profit at Rs 32.2 crore versus Rs 40.4 crore
-Net sales at Rs 513.4 crore versus Rs 593.1 crore

Other stocks and sectors that are in news today:
-RBI has softened its stance on allowing real estate and brokerages to apply for banking licenses. Final guidelines by the end of the month: BS
-Kingfisher Airlines (KFA) says demand on company referred to in reports set aside by ITAT (Income Tax Appellate Tribunal)
-Shriram Transport block: TGP sells 2.3 crore shares at Rs 717 per share (Rs 1,650 crore)
-Spanco defaults on salary: ET
-Realtors, brokers set to be allowed to apply for banking licence: BS
-Smaller banks like Oriental Bank of Commerce, Union Bank of India and Corporation Bank close to recovering dues from KFA: BS
-Hero Motocorp union may decide on hunger strike and stoppage of work if wage talks fail today: BS
-Cabinet approves merger of Bharat Heavy Plate & Vessels with BHEL
-Gitanjali Gems okays raising funds via Foreign Currency Convertible Bonds (FCCBs), issue to open on Monday

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