Market whispers for recommended Stocks

Network 18 , TV18 news
The Indian Film Company is a six month old parent company of the one and a half year old subsidiary company Studio 18. The Indian Film Company recently acquired and distributed Jab We Met and Welcome.

GMR Infra is likely to bid for power projects and road projects in Turkey and chances of getting those projects awarded to the company are very likely. The share has potential to touch Rs.300 mark in January 08.

Moser Baer is being accumulated by a leading fund on expectations of good growth from its Photovaltic and entertainment foray. Share is tipped to touch Rs.400 mark in couple of months.

Port of Rotterdam, India's L&T in JV talks for a greenfield port in India

L&T, India's biggest engineering and construction firm, said recently a unit had signed a deal with Sohar Industrial Port Co to make equipment for refineries and fertiliser firms. Indian ports are struggling to keep pace with the country's booming economy, with port officials saying capacity needs to be increased by 130 percent to meet an expected doubling in shipments over the next five years.


Centre had decided to merge Bharat Heavy Plates and Vessels into BHEL.

BHEL, NPC in JV to manufacture nuclear reactors

Two state-run undertakings, Bharat Heavy Electricals Ltd (BHEL) and the Nuclear Power Corporation (NPC), will soon form a 50:50 JV for manufacturing nuclear reactors. The board of directors of both the Companies have given consent for the proposed JV. The JV company will produce reactors of 700 mw and 1,000 mw for nuclear power projects. The initial investment will be worth Rs 500 crore.

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GMR Infra sets up subsidiary in Mauritius

GMR Infrastructure, which is currently scanning global opportunities in airport and power sectors, has set up a 100% subsidiary based in Mauritius to route its equity investments for its overseas ventures. The setting up of the wholly-owned Mauritius arm, GMR Infrastructure (Mauritius), is a move to put in place a structure that will act as an entry vehicle for its global aspirations. The company has incorporated the Mauritius subsidiary for its overseas operations on the advice of PwC.

Talking to ET, GMR CFO (corporate integration) A Subbarao said, “The Mauritius subsidiary will be the holding company for overseas projects. GMR Infrastructure’s equity investments in overseas projects will be routed through this subsidiary. We are witnessing exciting opportunities overseas. We have already made an entry overseas with our Turkey airport project. We have also set up a full-fledged office in London and put in place a separate team to guide international business. The new subsidiary is part of our international business strategy.”

The company, which shot into the spotlight by bagging airport projects in Delhi, Hyderabad and Turkey, is looking at opportunities in mid-sized airport development projects in Europe besides pursuing interest in global power ventures. To fuel these plans, GMR recently raised $1 billion via the qualified institutional placement process to fund its overseas forays.

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