·KDDL gains on plans to raise Rs40 crore via QIP
KDDL to raise an aggregate of Rs40 crore via combination of Qualified Institutional placement ( QIP) (Rs30 crore) and a preferential issue (Rs10 crore) for funding the expansion plans at its subsidiary Ethos.
The same is in line with our expectation, and would enable the company to strengthen its balance sheet, along with providing much needed growth capital for the company. Thus this development is positive; we hold Buy rating on the stock.
·NTPC gains on Rs60,000 crore investment plans
Shares of country's largest power producer NTPC gained 2% to Rs146.65 on the NSE after the company decided to invest approximately Rs60,000 crore for executing green energy projects in the next five years as part of government's plans to provide thrust to clean electricity generation. NTPC has committed to set up renewable power projects worth 10,000 MW capacity in the country in the period of five years.
The company added that it will add 10,000 MW to its existing capacity of 43,143 MW through solar projects in the next five years.
·Oil Ministry clears discoveries worth Rs150,000 crore
Oil Ministry has cleared development of oil and gas discoveries worth about Rs150,000 crore by clearing 30 pending cases. This would enable early monetisation of oil and gas discoveries of Gujarat State Petroleum Corp, Oil and Natural Gas Corp and Focus Energy. Positive for ONGC.
·Ministry plans to give local Oil Companies Rs6-7 lakh crore investment
Building policies around Make in India concept, the oil ministry plans to give local companies a share of the Rs6-7 lakh crore investment planned in the next five years in Oil & gas segment by helping local equipment makers compete successfully against foreign vendors, and setting up manufacturing clusters with funding with the help of the Rs10,000-crore collected as oil industry development cess every year. Positive for Capital goods sector.
·Orient Green Power surges 10% on successful installation
Shares of Orient Green Power surged 10% at Rs18 on the BSE (Bombay Stock Exchange) after the company has successfully synchronized its 20 MW cogeneration plant located at Kolhapur, Maharashtra with the state grid on February 08, 2015.The stock opened at Rs16.50 and touched a high of Rs18.50 on the BSE. With this, the total installed capacity of the biomass business of the Company has risen to 106MW and all its on-going projects in the biomass business have now been commissioned.
·Axis Bank raises Senior Notes in International Market
Axis Bank announced that the Bank has on February 17, 2015, allotted Senior Notes aggregating to USD 55,000,000 (USD Fifty Five Million only) under the MTN Programme through its Hong Kong branch.
·Reliance Jio submits Rs4500 crore for spectrum auction
Reliance Jio submits earnst money of Rs4500 crore for upcoming spectrum auction – Negative for telecom operators like Airtel, Idea (highest amount of earnst money deposit for REl Jio raises risk of aggressive bidding for spectrum)
·Coal Block auction gets aggressive for production mines
Coal Block auction getting aggressive especially for production mines; CESC bid aggressively to retain its old mine – may see negative pressure if regulator doesn’t allow to pass on higher fuel cost. The coal block auction process started with a bang; aggressive biddings were seen as expected as the current blocks which are in offer are producing and existing producers and developers are trying to get at any cost.
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KDDL to raise an aggregate of Rs40 crore via combination of Qualified Institutional placement ( QIP) (Rs30 crore) and a preferential issue (Rs10 crore) for funding the expansion plans at its subsidiary Ethos.
The same is in line with our expectation, and would enable the company to strengthen its balance sheet, along with providing much needed growth capital for the company. Thus this development is positive; we hold Buy rating on the stock.
·NTPC gains on Rs60,000 crore investment plans
Shares of country's largest power producer NTPC gained 2% to Rs146.65 on the NSE after the company decided to invest approximately Rs60,000 crore for executing green energy projects in the next five years as part of government's plans to provide thrust to clean electricity generation. NTPC has committed to set up renewable power projects worth 10,000 MW capacity in the country in the period of five years.
The company added that it will add 10,000 MW to its existing capacity of 43,143 MW through solar projects in the next five years.
·Oil Ministry clears discoveries worth Rs150,000 crore
Oil Ministry has cleared development of oil and gas discoveries worth about Rs150,000 crore by clearing 30 pending cases. This would enable early monetisation of oil and gas discoveries of Gujarat State Petroleum Corp, Oil and Natural Gas Corp and Focus Energy. Positive for ONGC.
·Ministry plans to give local Oil Companies Rs6-7 lakh crore investment
Building policies around Make in India concept, the oil ministry plans to give local companies a share of the Rs6-7 lakh crore investment planned in the next five years in Oil & gas segment by helping local equipment makers compete successfully against foreign vendors, and setting up manufacturing clusters with funding with the help of the Rs10,000-crore collected as oil industry development cess every year. Positive for Capital goods sector.
·Orient Green Power surges 10% on successful installation
Shares of Orient Green Power surged 10% at Rs18 on the BSE (Bombay Stock Exchange) after the company has successfully synchronized its 20 MW cogeneration plant located at Kolhapur, Maharashtra with the state grid on February 08, 2015.The stock opened at Rs16.50 and touched a high of Rs18.50 on the BSE. With this, the total installed capacity of the biomass business of the Company has risen to 106MW and all its on-going projects in the biomass business have now been commissioned.
·Axis Bank raises Senior Notes in International Market
Axis Bank announced that the Bank has on February 17, 2015, allotted Senior Notes aggregating to USD 55,000,000 (USD Fifty Five Million only) under the MTN Programme through its Hong Kong branch.
·Reliance Jio submits Rs4500 crore for spectrum auction
Reliance Jio submits earnst money of Rs4500 crore for upcoming spectrum auction – Negative for telecom operators like Airtel, Idea (highest amount of earnst money deposit for REl Jio raises risk of aggressive bidding for spectrum)
·Coal Block auction gets aggressive for production mines
Coal Block auction getting aggressive especially for production mines; CESC bid aggressively to retain its old mine – may see negative pressure if regulator doesn’t allow to pass on higher fuel cost. The coal block auction process started with a bang; aggressive biddings were seen as expected as the current blocks which are in offer are producing and existing producers and developers are trying to get at any cost.
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