With the Mundra Port and SEZ Limited IPO listing, the company’s Group promoter who runs the Adani Group Mr.Gautam Adani has made his way in to the Top 10 Wealthiest Indian’s list. Mundra Port IPO was issued at a price of Rs. 440 and the script doubled at listing with trades around Rs. 950. Adani’s Net wealth stood at Rs. 40,552 crore with Mundra port listing adding Rs. 25,387 crore to his kitty. Adani stands at 9th position in the top 10 wealthiest Indian’s list surpassing Suzlon Energy promoter Tulsi Tanti.
Entries Tagged 'Indian-Stock-Markets' ↓
Adani moves in to Top 10 Wealthiest Indians List
November 28th, 2007 — Indian-Stock-Markets
IVRCL bags 3 orders worth 329.32 crore
November 26th, 2007 — Announcements, Indian-Stock-Markets, Order Book
IVRCL Infrastructure Limited in an annoucment made to the stock exchanges has informed that the company has bagged three orders worth Rs. 329.32 crore from NRDA, Pimpri Muncipal Corporation and Tamilnadu Water Supply and Drainage Board.
The company has issued a statement elaborating the orders recieved from various sources, which are as follows
PowerGrid Corp moves up on joint venture with REL
November 26th, 2007 — Indian-Stock-Markets, Joint Ventures
PowerGrid Corporation of India shares moved up today on the news of  Joint Venture agreement they have made with Reliance Energy. Power Grid Corporation will own 26 per cent in the newly made Joint Venture company to set up 300 Km of Power Transmission lines from Parbati to Koldam and Koldam to Ludhiana.
The stock is currently trading at Rs. 153.45 up 1.56 per cent on the BSE at 12.25 pm.
Kingfisher Airlines Reverse Merger news with Deccan
November 21st, 2007 — Indian-Stock-Markets
Deccan Aviation Stock prices moved up 5 per cent on the BSE today on expectations that, Kingfisher company is planning a Reverse Merger with Deccan Aviation which would enable the Kingfisher Airlines to use the Deccan Aviation International Flying License to fly Kingfisher to abroad destinations.
This reverse merger move will strengthen Deccan as the value of Kingfisher will be added to the Deccan Stock, both airline companies denied such moves though.
Essar Steel Delisting : Buy back price fixed at Rs 48 per share
November 16th, 2007 — Indian-Stock-Markets
Essar Steel today in an annoucement made to the stock exchanges has informed that the buy back price for its delisting has been fixed at Rs. 48 per share. Promoters of the company will buy shares from the public for a period of 6 months from the date of the Delisting approval by the BSE and NSE for which the company has applied.
Essar Steel Shares, once the approval is received from the Exchanges will not be traded on both BSE and NSE exchanges. As per the delisting norms, a company needs to hold 90% stake in the total public equity shares.
Simplex Infrastructure bags Rs 680 cr order from MMRDA
November 15th, 2007 — Indian-Stock-Markets
Simplex Infrastructures Limited, today in an annoucement made to the stock exchanges has informed that the company has secured two orders worth Rs. 680 crore from the Mumbai Metropolitan Region Development Authority. With securing this two orders the company’s order book now stands at over Rs. 7000 crore. Out of the two orders received from the MMRDA, the first one is for the construction of Eastern Freeway from Prince Wales Museum to Anik Panjarapole Link Road, Mumbai and the second order is for the construction of Flyover on Dr. Babasaheb Ambedkar Road, Mumbai.
Stock price of the company closed today at Rs. 577.05 up 0.16% on the NSE.
NTPC crosses 2 trillion market capitalisation
November 12th, 2007 — Indian-Stock-Markets
National Thermal Power Corporation Limited today became the seventh company in Indian Stock Markets, to cross the two trillion market capitalisation.
NTPC today moved up sharply by 6.65 per cent to close at Rs 253.50 on the BSE, the stock touched an intra-day high of Rs 257.40 on the BSE.