The government has invited expressions of interest (EoI) from for providing consultancy for restructuring of the company.
The company announced a rights issue in the ratio of 1:15 at price of Rs 335 per share.
Arshiya International and C Mahendra Exports have tanked more than 17% each on back of heavy volumes on NSE.
The government is likely to raise diesel and subsidized liquefied petroleum gas prices in a phased manner.
Q3 net profit up more than ten-fold jump at Rs 20.12 crore on increased income.
The company said it has taken a call on rationalizing its employee costs/removing non-performers in the overall interest of the company.
The offer had received bids for 720,621 crore shares against the 1.51 million shares offered, BSE data shows.
The stock has rallied 20% in past one month compared to 1.4% rise in BSE benchmark index Sensex.
The board of directors of the company will meet on January 15, 2013, to consider proposal for issue of rights equity shares.
Government currently holds 80.40% stake in EIL, expect to raise about Rs 766 crore via FPO or OFS.
Infosys has rallied 13% to Rs 2,628, its sharpest single day gain in past one decade on the Bombay Stock Exchange.
Share of company engaged in aluminium business has tanked 28% in past two trading session with no buyers on the counter.
The cabinet has deferred the proposal due to the absence of Heavy Industries and Public Enterprises Minister Praful Patel in the meeting.
Q3 net profit at Rs 13 crore as against Rs 4.3 crore in the same quarter of previous year.
The stock has rallied 22% in past two trading sessions after the company surprised the street with better-than-expected Q3 results and also raised its full year guidance.
EBITDA or operating margin have improved by over 160 basis points yoy through improved business mix and operational efficiencies.
Q3 net loss at Rs 98 crore against profit of Rs 60 crore in a year ago quarter due to lower water availability and problems at Bina plant.
The board of directors of the company will meet on January 16, to consider the proposal for buyback of equity shares.
Q3 net profit up 8% at Rs 270 crore y-o-y, while total operational income grew 11% to Rs 1,365 crore compared to Oct-Dec 2011
A Rs 17.52 crore order is for provision of 3D Seisloop Seismic Data Acquisition in the state of Mizoram.