PFC may slide on turning ex-dividend

Shares of Power Finance Corporation (PFC) turn ex-dividend today, 4 March 2015 for an interim dividend of Rs 8.50 per share for the year ending 31 March 2015.

Grasim Industries after market hours yesterday, 3 March 2015 said that it has completed the last phase of its Greenfield Viscose Staple Fibre (VSF) plant at Vilayat (Gujarat) for production of specialty fibre, by commissioning the 4th line. The company's VSF capacity at Vilayat thus stands enhanced at 120K TPA, while its overall VSF capacity stands enhanced at 498K TPA, Grasim Industries said.

Bharti Airtel will be watched. With respect to media reports titled Airtel, Ericsson extend services deal, Bharti Airtel after market hours yesterday, 3 March 2015, clarified that it is a routine ordinary course of business transaction wherein the company has renewed its existing agreement with Ericsson. The transaction does not have any material or significant impact on the operations of the company, Bharti Airtel said.

Reliance Industries (RIL) after market hours yesterday, 3 March 2015 in a clarfication with regard to news item titled "Reliance, BP report eight oil finds in Cambay block" said that RIL has been awarded the block CB-ONN-2003/1 with the Operatorship under NELP-V with 100% Participating Interest (PI). The Production Sharing Contract (PSC) is effective from 5 June 2006. RIL has assigned 30% PI to BP Exploration (Alpha) (BPEAL) during August 2011 and has 70% PI with Operatorship in the block. RIL has made 8 oil discoveries in the block in the period 9 November 2009 to 3 August 2010 during Phase-I exploration period and the same was notified to the DGH / MOPNG. These oil discoveries were named as D-43, D-45, D-46, D-47, D-48, D-49, D-50 and D-51 and were disclosed in RIL's media release at that time. The significant milestone of such discoveries is the approval of development plan which is yet to take place, RIL said.

McNally Bharat Engineering Company said that the allotment committee of the company at its meeting held yesterday, 3 March 2015 allotted the 25 lakh shares to Rekha Rakesh Jhunjhunwala for Rs 25 crore and 20 lakh shares to Williamson Magor & Co for Rs 20 crore.

Greatship Global Energy Services Pte, a Singapore incorporated subsidiary of Greatship (India) (GIL), which is a wholly owned subsidiary of The Great Eastern Shipping Company has taken delivery of a mobile offshore self-elevating drilling rig, Le Tourneau Super 116(E) - 'GREATDRILL CHAARU' from Lamprell Energy, UAE. Greatdrill Chaaru is an independent Leg Cantilever type Jack up rig with 15000 PSI pressure rating, designed to operate in water depths of up to 350 feet. Greatdrill Chaaru is a state of the art rig, built with the latest technology, equipments and systems. With the delivery of Greatdrill Chaaru, GIL and its subsidiaries currently own and operate five PSVs, nine AHTSVs, two MPSSVs, six ROVSVs and four Jack up rigs.

Granules India said that a meeting of the board of directors of the company will be held on 7 March 2015, to consider and approve the record date for 10-for-1 stock split.

ABC India said that the company has entered into an agreement, subject to fulfilment of certain terms & conditions, for sale of company's landed property at Guwahati for Rs 16 crore.

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