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Friday, June 13, 2014

BPCL, HPCL shares surge on crude oil prices
Shares of Bharat Petroleum Corporation, Hindustan Petroleum Corporation and Indian Oil Corporation are down between 3-4% on increasing crude oil prices. Crude oil was near nine-month highs early as escalating civil war in Iraq.

L&T Construction wins orders worth Rs1027 Cr

L&T Construction has won new orders worth Rs1027 crore across various business segments in May and June 2014.

GAIL to invest Rs 141 cr in CNG highway corridor in UP
GAIL India Ltd signed an agreement to invest Rs 141 crore in building CNG highway corridors in Uttar Pradesh. GAIL Gas signed a memorandum of understanding (MoU) with Uttar Pradesh State Industrial Development Corp.

IOB seeks Rs 3,500 crore capital support from govt
Indian Overseas Bank has requested the government to provide a capital support of Rs 3,500 crore during the current fiscal. Last fiscal, the government infused Rs 1,200 crore in the bank to enhance its capital base.

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