6:00 PM Mumbai –IOCL plans to invest Rs 6,800 crore to expand its Gujarat refinery unit. Neyveli Lignite plans to import coal worth Rs 14,375 crore for power project in UP. UltraTech Cement agreed to buy two cement plants worth Rs 5,400 crore from Jaiprakash Associates.
Stocks in Mumbai closed lower following weakness in Asian markets and in thin trading.
Indian rupee gained 3 paisa to close at 63.28 against one dollar.
The Sensex Index declined 297.85 or 1.1% to close at 27,208.61. The CNX Nifty decreased 92.90 or 1.1% to 8,174.10.
Gainers & Losers
3i Infotech Limited
climbed 6.9% to Rs 8.20 after the software solution provider signed an agreement to sell its Western Europe units to Europe-based Objectway.
Bharati Shipyard Limited
surged 11.6% to Rs 37.45 after the ship maker plans to raise fund up to Rs 634 crore from foreign investors.
Indian Oil Corporation Limited
declined 2.4% to Rs 327.15 after the petroleum products maker plans to invest Rs 6,800 crore for expansion and improve fuel quality at its Gujarat refinery unit.
Manappuram Finance Limited
advanced 1.4% to Rs 32.90 after the financial service provider agreed to acquire 70% stake in Chennai-based Asirvad Micro Finance.
Neyveli Lignite Corporation Limited
gained 1% to Rs 80.55 after the power generation company plans to import coal worth Rs 14,375 crore for power project in Uttar Pradesh.
slipped 1.4% to Rs 190.25 after the real estate developer said Singapore-based sovereign wealth fund GIC agreed to acquire 39% stake worth $197 million in the company.
TVS Srichakra Limited
dropped 1.3% to Rs 1,575 after the tire maker reported Sundaram Trust sold its 0.65% stake in the company.
UltraTech Cement Limited
jumped 3.4% to Rs 2,625.70 after the cement maker agreed to buy two cement plants worth Rs 5,400 crore or $851 million from Jaiprakash Associates in Madhya Pradesh.