NMDC: State-run iron ore miner NMDC has invested Rs 1,222.65 crore till September 2016 to set up a 3 million tonnes per annum (MTPA) integrated steel plant in Nagarnar in Bastar district of Chhattisgarh. The plant is expected to start trial production by mid-2017.
ONGC: ONGC Videsh Ltd (OVL) has raised $1 billion through a US dollar bonds issue to finance its acquisition of 15 per cent stake in Russia’s second biggest oil field Vankor, its Managing Director Narendra K Verma said. OVL, the overseas arm of state-owned Oil and Natural GasBSE 0.42 % Corp (ONGC), raised USD 600 million through a 10-year bond at a coupon rate of US treasury rate plus 2.20 per cent and another USD 400 million through a 5.5-year maturity bond at an interest rate of US treasury rate plus 1.75 per cent
Laurus Labs: Drugmaker Laurus Labs, which raised about Rs 1,332 crore through its initial public offer, is all set to make a debut on the stock exchanges on Monday.
Ceat: Tyre maker Ceat today said it would invest Rs 2,800 crore spread over five years to expand its capacity.
YES Bank: YES Bank has partnered with Ola to provide Cash-on-Demand at customer’s doorstep.
JK Lakshmi Cement: The company has received shareholders’ approval to raise up to Rs 500 crore by issuing non-convertible debentures on private placement basis.
Gayatri Projects: The company informed bourses that a meeting of the board of directors of the company is scheduled to be held on December 26 to consider and approve the sub-division of the nominal value of the equity shares of Rs 10 per share to Rs 2 per share.
Nalco & NTPC: State-run power giant NTPCBSE 0.31 % and Nalco inked a pact to set up a 2,400 MW coal fired power plant in Odisha at an investment of Rs 14,000 crore to supply low cost electricity to the latter for aluminium production.
IOC, BPCLBSE 2.41 % and HPCL: State oil companies have raised prices of petrol by Rs 2.21 a litre and diesel by Rs 1.79 a litre after international oil prices rose about 20 per cent in two weeks.
Aban Offshore: The company has decided to invest 49 per cent in the equity share of Aban Drilling Services Private Limited.