Future Ventures files DRHP for IPO

Kishore Biyani-promoted Future Group company, Future Ventures, The company plans to

373.62 crore equity shares

Rs 10 each equity shares

2,660,750,000 issue to the public
50,000,000 equity shares for eligible employees
250,000,000 equity shares for eligible shareholders
100 % book building process.

The net issue would constitute 66.52 % of the post issue paid up capital of the company, it added.

REC IPO 23.69 times in retail

REC IPO Finally got subscribed by almost 23.69 times. will update when i get the information.
The net issue to the public is for 15.22 crore shares, constituting 18.18 per cent of the fully diluted post-issue capital of the PSU power major. The issue closes today.
Post issue, the government’s holding in the company will fall to 81.00% from 100 % at present.

CBoP merger talks with HDFC Bank

Centurion Bank of Punjab (CBoP) bank talks with some major banks for merging.HDFC is strong player for buying CBoP.

In past Centurion Bank merge with Bank of Punjab.And now find big banks for merging.
Today stock surge 14% on this news.

Centurion Bank of Punjab's major shareholders include Bank of Muscat, HSBC Finance, Saber Capital. Bank of Muscat hold the maximum equity of 14 per cent in the bank.

REC issue is subscribed 2.13 times

Issue Period: February 19, 2008 to February 22, 2008
Issue Size : 156,120,000 EQUITY SHARES
Face Value: Rs. 10/-
Price Range: Rs 90 to Rs 105
Market Lot: 60 shares
Minimum Order Quantity: 60 shares

Reliance Power Board to consider issuing free Bonus Shares

Reliance Power's IPO closed on January 18, 2008, receiving an overwhelming and record breaking response, with commitments of nearly Rs 7,50,000 crore (US$ 190 billion), from nearly 500 institutional investors across the globe, and 5 million retail investors. The sheer scale and unprecedented magnitude of the response clearly reflected the pricing of the IPO as being in line with prevailing valuation benchmarks and market sentiments.

Reliance Power has the world's largest shareholder family of nearly 500 overseas and domestic institutional investors, and over 4 million retail investors.

Reliance Power has a market capitalization of Rs 87,000 crores (US$ 22 billion) - among India's 10 most valuable private sector Companies, and a net worth of nearly Rs 14,000 crore (over US$ 3.5 billion) - among the top 5 private sector Companies in India on this parameter.

Reliance Power is implementing power projects with aggregate capacity of over 28,000 MW, by far the largest development pipeline in the country.

L&T secures Rs 311 crore (USD 78.8 million) order for 66/11 kV Substation works in Qatar

Larsen & Toubro Ltd (L&T) has announced that the Company has secured an order valued at Rs 311 crore (USD 78.8 million and QR 287 million) from the Qatar General Electricity and Water Corporation (KAHRAMAA) for the Design, Supply, Installation and Commissioning of five 66/11 Substations at Qatar, as a part of the KAHRAMAA PHASE VIII.

The Package consists of 66/11 kV Gas insulated switchgears. 11 kV Metal Clad Air insulated switchgears. 50/60MVA 66/11 kV transformers, Substation Control System, Protection Systems. DC System and auxiliaries. The contract also encompasses design and construction of Substation buildings together with associated utilities such as Air Conditioning. Fire Fighting and Lighting systems. All five substations are to be completed in a time frame of 27 months.

Jaiprakash Hydro plans to add 7,000 MW capacity by 2012

Jaiprakash Hydro Power Ltd plans to add 7,000 megawatts to its current annual capacity of 700 MW by 2012, a senior company official said. "We will add 5,000 MW in hydro and 2,000 MW in thermal," Director D.G. Kadkade said on the sidelines of an industry conference on Wednesday.