·HDIL gets relief against FIR for SRA project; stock up
Shares of Housing Development & Infrastructure gained 3% at Rs70 after the company which challenged the F.I.R with regards to a SRA project in suburban Mumbai was granted ad-interim relief by the Bombay High Court. The stock opened at Rs68 and touched a high of Rs71.45 on NSE.
·Govt eyes Rs3 lakh crore investments in power transmission business
With an ambitious target to give 24X7 electricity to all, the government is eyeing Rs3 lakh crore worth investments in power transmission and distribution business. During the last five years, opportunity from Power Grid was around Rs1 lakh crore. Hence if capex will flow in such large quantum in T&D space, it will unfold a huge opportunity for T&D EPC players and support equipment (transformer, cables & others) manufacturing.
·IOC to bag Rs2,800-crore Ennore-Tuticorin LNG pipeline project
Indian Oil Corporation is well positioned to bag the Rs2,800-crore Ennore-Tuticorin LNG pipeline project which will link its proposed Ennore LNG Terminal with the southern parts of Tamil Nadu and Bengaluru. Positive for the company.
·Career Point gains 11% on signing MOU with Govt of Rajasthan
Career Point surged over 10% to Rs148 on NSE after the company said it has signed a memorandum of understanding ( MOU) with Rajasthan Skills and Livelihood Development Corporation (an undertaking of Government of Rajasthan) to impart skill development training. The stock opened at Rs136.50 and hit a high of Rs151.90 on NSE.
·Andhra Pradesh plans to add 16000 MW of power generation capacity
Andhra Pradesh government is planning to add around 16000 MW of power generation capacity in the next five years, which includes capacity addition in thermal power (3,240 mw), central generating stations (1,949 mw), solar (3,150 mw), wind (7,030 mw) and other sources. Incremental opportunities for central power generators like NTPC and equipment suppliers like BHEL & others
·L&T wins Rs894 crore order from ONGC
Shares in Larsen and Toubro (L&T) were trading higher by nearly 1% at Rs1,502 on NSE after the company said it has bagged an offshore contract valued at Rs894 crore from the Oil & Natural Gas Corporation ( ONGC).L&T Hydrocarbon Engineering (LTHE), a fully owned subsidiary of Larsen & Toubro, has bagged an offshore contract valued at Rs 894 crore from the Oil & Natural Gas Corporation ( ONGC) for additional development of the Vasai East project.
·Lupin gets USFDA approval for HIV drug Epivir Tablets
Lupin has received US health regulator's approval to market a generic version of ViiV Healthcare's Epivir Tablets (generic name: Lamivudine tablets), used in treating HIV infection, in the US market.
Epivir tablets are indicated in combination with other antiretroviral agents for the treatment of human immunodeficiency virus ( HIV-1) infection. Epivir generates near US$39.7mn annually in US market.
·PM, FM, RBI governor to hold discussion with PSU Bank Chiefs
Prime Minister Narendra Modi along with FM Arun Jaitley, RBI Governor, Finance Secretary will hold discussions with chiefs of public sector banks on January 2nd and 3rd to work out an action plan for major reforms in the banking sector. Several issues are pending for PSU Banks like consolidation, capital raising, governance, asset Quality and some positive announcements may happened post the meeting. Therefore PSU Banks will be under focus over the next one week.
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