Stocks To Watch
• Vodafone Idea: Kumar Mangalam Birla has stepped down as chairman of the company. The board accepted Birla’s request to step down as non-executive director and non-executive chairman of Vodafone Idea from August 4. Board has elected Himanshu Kapania as the non-executive chairman. Kapania is a nominee of the Aditya Birla Group. Board also appointed Sushil Agarwal, a nominee of Aditya Birla Group, as an additional director.
• SBI Life Insurance Company: CA Emerald Investments, an affiliate of Carlyle Group, to sell its entire 1.9% stake in SBI Life Insurance Company. It will sell 1.90 crore shares at Rs 1,130- Rs 1,136.85 apiece, as per term sheet. At the lower end, CA Emerald Investments will be able to raise Rs 2,147 crore ($289.4 million).
• Reliance Industries: To double its PET recycling capacity by setting up a recycled polyester staple fiber manufacturing facility in Andhra Pradesh. Srichakra Ecotex India will build and operate the new recycled PSF – Recron GreenGold and PET flakes wash-line in Andhra Pradesh for Reliance. The plant will help Reliance to more than double its recycling capacity to 5 billion post-consumer PET bottles.
• Dr. Reddy's Laboratories: Entered into a definitive agreement with BioDelivery Sciences International, Inc., to sell its U.S. and Canada territory rights for Elyxyb 25 mg/mL to the U.S.-based firm. Under the terms of agreement, Dr. Reddy's will receive $6 million upfront upon closing, followed by $9 million one year from closing. Further, it is eligible to receive event based, sales-based milestones and quarterly earn-out payments. “Elyxyb is an oral solution dosage form which makes it convenient for patients to take it immediately upon emergence of migraine attacks,” said Dr. Reddy's Laboratories CEO Erez Israeli.
• Shipping Corporation of India: Approved demerger of non-core assets into new company. The demerger is aimed at facilitating “an effective and efficient disinvestment” of Shipping Corporation of India by the government. Shipping Corp holders will get 1 share in the new company for every share they held in the state-run shipping company. The new company will be listed on BSE and NSE.
• Ion Exchange (India): Indian Oil Corporation has awarded an Engineering, Procurement, Construction and Commissioning contract of Rs 357.46 crore to the company to design and install effluent treatment plant on turnkey basis for its Para Xylene and Purified Terephthalic Acid complex project at Paradip, Orissa. The project is to be constructed and commissioned within 26 months from the date of Letter of Acceptance.
• Prakash Industries: Won Bhaskarpara Coal Mine in India auction.
• MMTC: The Supreme Court has passed an order in MMTC vs Anglo American Metallurgical Coal Pty Case reducing the interest component. Details are being worked out to know the impact of this decision, the company said. MMTC may need to make significant provision in the Accounts for 2020-21. The company is also exploring all legal remedies available.
• Shriram Transport Finance Company: Allotted 1000 secured NCDs of face value of Rs 10 lakh each, aggregating to Rs 100 crore on private placement basis. The proceeds of the issue will be utilised for financing of commercial vehicles, refinancing of existing debt and other general purposes of the company.
• Borosil Renewables: To increase production capacity of its third furnace (SG-3), being installed at its manufacturing facility at Bharuch, Gujarat, from 500 MT to 550 MT per day. The expansion will cost company Rs 600 crore
• Vodafone Idea: Kumar Mangalam Birla has stepped down as chairman of the company. The board accepted Birla’s request to step down as non-executive director and non-executive chairman of Vodafone Idea from August 4. Board has elected Himanshu Kapania as the non-executive chairman. Kapania is a nominee of the Aditya Birla Group. Board also appointed Sushil Agarwal, a nominee of Aditya Birla Group, as an additional director.
• SBI Life Insurance Company: CA Emerald Investments, an affiliate of Carlyle Group, to sell its entire 1.9% stake in SBI Life Insurance Company. It will sell 1.90 crore shares at Rs 1,130- Rs 1,136.85 apiece, as per term sheet. At the lower end, CA Emerald Investments will be able to raise Rs 2,147 crore ($289.4 million).
• Reliance Industries: To double its PET recycling capacity by setting up a recycled polyester staple fiber manufacturing facility in Andhra Pradesh. Srichakra Ecotex India will build and operate the new recycled PSF – Recron GreenGold and PET flakes wash-line in Andhra Pradesh for Reliance. The plant will help Reliance to more than double its recycling capacity to 5 billion post-consumer PET bottles.
• Dr. Reddy's Laboratories: Entered into a definitive agreement with BioDelivery Sciences International, Inc., to sell its U.S. and Canada territory rights for Elyxyb 25 mg/mL to the U.S.-based firm. Under the terms of agreement, Dr. Reddy's will receive $6 million upfront upon closing, followed by $9 million one year from closing. Further, it is eligible to receive event based, sales-based milestones and quarterly earn-out payments. “Elyxyb is an oral solution dosage form which makes it convenient for patients to take it immediately upon emergence of migraine attacks,” said Dr. Reddy's Laboratories CEO Erez Israeli.
• Shipping Corporation of India: Approved demerger of non-core assets into new company. The demerger is aimed at facilitating “an effective and efficient disinvestment” of Shipping Corporation of India by the government. Shipping Corp holders will get 1 share in the new company for every share they held in the state-run shipping company. The new company will be listed on BSE and NSE.
• Ion Exchange (India): Indian Oil Corporation has awarded an Engineering, Procurement, Construction and Commissioning contract of Rs 357.46 crore to the company to design and install effluent treatment plant on turnkey basis for its Para Xylene and Purified Terephthalic Acid complex project at Paradip, Orissa. The project is to be constructed and commissioned within 26 months from the date of Letter of Acceptance.
• Prakash Industries: Won Bhaskarpara Coal Mine in India auction.
• MMTC: The Supreme Court has passed an order in MMTC vs Anglo American Metallurgical Coal Pty Case reducing the interest component. Details are being worked out to know the impact of this decision, the company said. MMTC may need to make significant provision in the Accounts for 2020-21. The company is also exploring all legal remedies available.
• Shriram Transport Finance Company: Allotted 1000 secured NCDs of face value of Rs 10 lakh each, aggregating to Rs 100 crore on private placement basis. The proceeds of the issue will be utilised for financing of commercial vehicles, refinancing of existing debt and other general purposes of the company.
• Borosil Renewables: To increase production capacity of its third furnace (SG-3), being installed at its manufacturing facility at Bharuch, Gujarat, from 500 MT to 550 MT per day. The expansion will cost company Rs 600 crore
Godrej Industries Stock Prices..
Price Action Trading Setup | Breakout and Retest
Price Action Trading Setup | Breakout and Retest
Stocks to focus
• Reliance Industries Ltd: Reliance Strategic Business Ventures Ltd., a wholly owned subsidiary of the company, has invested Rs 20 crore in Neolync Solutions Pvt. Ltd. Reliance will invest Rs 40 crore more on Neolync achieving agreed milestones. Deal is expected to be complete by March 2023. Total investment will translate into 40% of Neolync. Neolync manufactures electronic products such as mobile phones, telecom products and computing devices. Reliance said that the investment is part of group’s overall 5G initiatives.
• Indiabulls Housing Finance: The company has voluntarily decided to set aside a sum equivalent to 75% of total maturity proceeds of its 6.375% secured USD bonds in multiple stages in a reserve fund. Total payment of Rs 27.30 billion ($368 million) will be made in May 2022 with Rs 20.47 billion of reserve fund and Rs 6.82 billion of final tranche paid by the company in May 22. The company had issued 6.375% secured US Dollar denominated bonds aggregating to $350 million in May 2019 for a tenor of 3 years. The principal portion of the bonds is fully hedged as per RBI norms, thereby ensuring the outstanding bonds are effectively a rupee liability to Rs 2,730 crore.
• Maruti Suzuki: Total production in July up 58.53% to 1,70,719 units Vs 1,07,687 units last year.
• Force Motors: The company’s total production in July stood at 2,046 units. It reported domestic sales of 1,607 units and exports of 213 units.
• GEE: To consider bonus issue on August 11.
• Minda Industries: Approved closure of QIP on August 5 and issue price of Rs 720 per share. The issue price is at discount of 2.02% to the floor price of Rs 734.84 per share.
• BL Kashyap & Sons: Has been awarded new projects worth Rs 189.85 crore. The total order inflow in FY22 now stands at Rs 694.02 crore. The company has received a concrete & block work package worth Rs 105.02 crore and a civil & block work package worth Rs 84.83 crore at Bengaluru.
• Reliance Industries Ltd: Reliance Strategic Business Ventures Ltd., a wholly owned subsidiary of the company, has invested Rs 20 crore in Neolync Solutions Pvt. Ltd. Reliance will invest Rs 40 crore more on Neolync achieving agreed milestones. Deal is expected to be complete by March 2023. Total investment will translate into 40% of Neolync. Neolync manufactures electronic products such as mobile phones, telecom products and computing devices. Reliance said that the investment is part of group’s overall 5G initiatives.
• Indiabulls Housing Finance: The company has voluntarily decided to set aside a sum equivalent to 75% of total maturity proceeds of its 6.375% secured USD bonds in multiple stages in a reserve fund. Total payment of Rs 27.30 billion ($368 million) will be made in May 2022 with Rs 20.47 billion of reserve fund and Rs 6.82 billion of final tranche paid by the company in May 22. The company had issued 6.375% secured US Dollar denominated bonds aggregating to $350 million in May 2019 for a tenor of 3 years. The principal portion of the bonds is fully hedged as per RBI norms, thereby ensuring the outstanding bonds are effectively a rupee liability to Rs 2,730 crore.
• Maruti Suzuki: Total production in July up 58.53% to 1,70,719 units Vs 1,07,687 units last year.
• Force Motors: The company’s total production in July stood at 2,046 units. It reported domestic sales of 1,607 units and exports of 213 units.
• GEE: To consider bonus issue on August 11.
• Minda Industries: Approved closure of QIP on August 5 and issue price of Rs 720 per share. The issue price is at discount of 2.02% to the floor price of Rs 734.84 per share.
• BL Kashyap & Sons: Has been awarded new projects worth Rs 189.85 crore. The total order inflow in FY22 now stands at Rs 694.02 crore. The company has received a concrete & block work package worth Rs 105.02 crore and a civil & block work package worth Rs 84.83 crore at Bengaluru.
Metropolis Healthcare Limited board approves fund raising of up to Rs. 1500 crores
Texel Industries Ltd board approves rights issue at Rs. 40 per share
Metropolis Healthcare Limited board approves acquistion of balance 35% stake in Histoxpert
Texel Industries Ltd board approves rights issue at Rs. 40 per share
Metropolis Healthcare Limited board approves acquistion of balance 35% stake in Histoxpert
Demerger Proposals:
1) Motherson sumi Ltd ( Domestic wiring harness business will be demerged)..Takes 2-3 months.
2) GHCL (Home textile company will be demerged).Takes 4-5 Months
3) NMDC (Steel company with 3 MTPA will be demerged)..Takes 5-6 months
4) Aarti Industries (API Pharma company will be demerged)..Takes Approx 10 months
5) Kamdhenu Ltd (Paint company will be demerged)..Takes 10 months
6) GMR Ltd (Airport company will be demerged)..Takes 3-4 months
7) Strides Pharma (Bio-Tech business Stelis bio will be demerged)..Takes 12-14 months...
8) Tips Industries
9) Raymond Ltd
10) Rupa Industries
11) National Peroxide
12) Forbes and Co (Eureka Forbes will be demerged and will sell off to PE)
13) Dhampur sugar mills
14) Genus power infra (demerger of Genus Prime infra - An investment company)
15) Arshiya Ltd (Demerger of Arshiya Rail infrastructure Ltd...)
16) Vakrangee Ltd (Physical and Digital business will be demerged)
Mergers in Pipeline:
1) Indiabull real estate Ltd will be merged with Embassy Group (real estate) Company name will be changed to Embassy Real estate ( not sure on the name)...
2) Solara Active Pharma will be merged with Aurore life science, Empereyan life sciences,Hydra active pharma...Solara will be bigger company post merger.
3)APL Apollo tubes (Apollo tricot is getting merged with APT)
4) Expleo solution (consolidation or merger of group's privately held cos with listed entity)
Promoters/ management change:
1) PNB Housing (Carlyle is taking over the promotor/mgmt)
2) Indiabull real estate (Embassy would be the new promotor)
3) Ruchi Soya (New promotor - Pathanjali too)
4) Renuka sugars (New promotor - Wilmar sugars Singapore)
5) Thyrocare
6) Anjani Portland cement (Aquisition of Bhavya cement with similar capacity)
Capital reduction:
1) Supreme petchem
2) Subex
3) Kesoram
Debt restructuring:
1) Kesoram
2) Suzlon
Demerger proposal
(Company may announce shortly but they have intention to demerge)
1) Piramal enterprises
2) Ganesh Benzo
3) Jubilant Industries
4) Edeilweiss finance (wealth mgmt business)
5) Aurobindo Pharma (Injectables business will be demerged)
6) Max venture Ltd (Speciality package business will be demerged)
1) Motherson sumi Ltd ( Domestic wiring harness business will be demerged)..Takes 2-3 months.
2) GHCL (Home textile company will be demerged).Takes 4-5 Months
3) NMDC (Steel company with 3 MTPA will be demerged)..Takes 5-6 months
4) Aarti Industries (API Pharma company will be demerged)..Takes Approx 10 months
5) Kamdhenu Ltd (Paint company will be demerged)..Takes 10 months
6) GMR Ltd (Airport company will be demerged)..Takes 3-4 months
7) Strides Pharma (Bio-Tech business Stelis bio will be demerged)..Takes 12-14 months...
8) Tips Industries
9) Raymond Ltd
10) Rupa Industries
11) National Peroxide
12) Forbes and Co (Eureka Forbes will be demerged and will sell off to PE)
13) Dhampur sugar mills
14) Genus power infra (demerger of Genus Prime infra - An investment company)
15) Arshiya Ltd (Demerger of Arshiya Rail infrastructure Ltd...)
16) Vakrangee Ltd (Physical and Digital business will be demerged)
Mergers in Pipeline:
1) Indiabull real estate Ltd will be merged with Embassy Group (real estate) Company name will be changed to Embassy Real estate ( not sure on the name)...
2) Solara Active Pharma will be merged with Aurore life science, Empereyan life sciences,Hydra active pharma...Solara will be bigger company post merger.
3)APL Apollo tubes (Apollo tricot is getting merged with APT)
4) Expleo solution (consolidation or merger of group's privately held cos with listed entity)
Promoters/ management change:
1) PNB Housing (Carlyle is taking over the promotor/mgmt)
2) Indiabull real estate (Embassy would be the new promotor)
3) Ruchi Soya (New promotor - Pathanjali too)
4) Renuka sugars (New promotor - Wilmar sugars Singapore)
5) Thyrocare
6) Anjani Portland cement (Aquisition of Bhavya cement with similar capacity)
Capital reduction:
1) Supreme petchem
2) Subex
3) Kesoram
Debt restructuring:
1) Kesoram
2) Suzlon
Demerger proposal
1) Motherson sumi Ltd ( Domestic wiring harness business will be demerged)..Takes 2-3 months.
2) GHCL (Home textile company will be demerged).Takes 4-5 Months
3) NMDC (Steel company with 3 MTPA will be demerged)..Takes 5-6 months
4) Aarti Industries (API Pharma company will be demerged)..Takes Approx 10 months
5) Kamdhenu Ltd (Paint company will be demerged)..Takes 10 months
6) GMR Ltd (Airport company will be demerged)..Takes 3-4 months
7) Strides Pharma (Bio-Tech business Stelis bio will be demerged)..Takes 12-14 months...
8) Tips Industries
9) Raymond Ltd
10) Rupa Industries
11) National Peroxide
12) Forbes and Co (Eureka Forbes will be demerged and will sell off to PE)
13) Dhampur sugar mills
14) Genus power infra (demerger of Genus Prime infra - An investment company)
15) Arshiya Ltd (Demerger of Arshiya Rail infrastructure Ltd...)
16) Vakrangee Ltd (Physical and Digital business will be demerged)
Mergers in Pipeline:
1) Indiabull real estate Ltd will be merged with Embassy Group (real estate) Company name will be changed to Embassy Real estate ( not sure on the name)...
2) Solara Active Pharma will be merged with Aurore life science, Empereyan life sciences,Hydra active pharma...Solara will be bigger company post merger.
3)APL Apollo tubes (Apollo tricot is getting merged with APT)
4) Expleo solution (consolidation or merger of group's privately held cos with listed entity)
Promoters/ management change:
1) PNB Housing (Carlyle is taking over the promotor/mgmt)
2) Indiabull real estate (Embassy would be the new promotor)
3) Ruchi Soya (New promotor - Pathanjali too)
4) Renuka sugars (New promotor - Wilmar sugars Singapore)
5) Thyrocare
6) Anjani Portland cement (Aquisition of Bhavya cement with similar capacity)
Capital reduction:
1) Supreme petchem
2) Subex
3) Kesoram
Debt restructuring:
1) Kesoram
2) Suzlon
Demerger proposal
(Company may announce shortly but they have intention to demerge)
1) Piramal enterprises
2) Ganesh Benzo
3) Jubilant Industries
4) Edeilweiss finance (wealth mgmt business)
5) Aurobindo Pharma (Injectables business will be demerged)
6) Max venture Ltd (Speciality package business will be demerged)
1) Motherson sumi Ltd ( Domestic wiring harness business will be demerged)..Takes 2-3 months.
2) GHCL (Home textile company will be demerged).Takes 4-5 Months
3) NMDC (Steel company with 3 MTPA will be demerged)..Takes 5-6 months
4) Aarti Industries (API Pharma company will be demerged)..Takes Approx 10 months
5) Kamdhenu Ltd (Paint company will be demerged)..Takes 10 months
6) GMR Ltd (Airport company will be demerged)..Takes 3-4 months
7) Strides Pharma (Bio-Tech business Stelis bio will be demerged)..Takes 12-14 months...
8) Tips Industries
9) Raymond Ltd
10) Rupa Industries
11) National Peroxide
12) Forbes and Co (Eureka Forbes will be demerged and will sell off to PE)
13) Dhampur sugar mills
14) Genus power infra (demerger of Genus Prime infra - An investment company)
15) Arshiya Ltd (Demerger of Arshiya Rail infrastructure Ltd...)
16) Vakrangee Ltd (Physical and Digital business will be demerged)
Mergers in Pipeline:
1) Indiabull real estate Ltd will be merged with Embassy Group (real estate) Company name will be changed to Embassy Real estate ( not sure on the name)...
2) Solara Active Pharma will be merged with Aurore life science, Empereyan life sciences,Hydra active pharma...Solara will be bigger company post merger.
3)APL Apollo tubes (Apollo tricot is getting merged with APT)
4) Expleo solution (consolidation or merger of group's privately held cos with listed entity)
Promoters/ management change:
1) PNB Housing (Carlyle is taking over the promotor/mgmt)
2) Indiabull real estate (Embassy would be the new promotor)
3) Ruchi Soya (New promotor - Pathanjali too)
4) Renuka sugars (New promotor - Wilmar sugars Singapore)
5) Thyrocare
6) Anjani Portland cement (Aquisition of Bhavya cement with similar capacity)
Capital reduction:
1) Supreme petchem
2) Subex
3) Kesoram
Debt restructuring:
1) Kesoram
2) Suzlon
Demerger proposal
(Company may announce shortly but they have intention to demerge)
1) Piramal enterprises
2) Ganesh Benzo
3) Jubilant Industries
4) Edeilweiss finance (wealth mgmt business)
5) Aurobindo Pharma (Injectables business will be demerged)
6) Max venture Ltd (Speciality package business will be demerged)
1) Piramal enterprises
2) Ganesh Benzo
3) Jubilant Industries
4) Edeilweiss finance (wealth mgmt business)
5) Aurobindo Pharma (Injectables business will be demerged)
6) Max venture Ltd (Speciality package business will be demerged)
Scanpoint Geomatics Limited board approves rights issue at Rs. 12.50 per share
Stocks To Watch
• Axis Bank: The bank has Rs 648 crore exposure to Future Group companies. Axis bank had Rs 305 crore outstanding at Future Retail and Rs 164 crore to Future Enterprises as of June 30. The bank’s exposure to other Future group entities was at Rs 179 crore. The bank said it was clarifying after it had received queries seeking information on its exposure to Future Group.
• SpiceJet: Has clarified on report of default on payment to Airport Authority of India. The principal amount owed to AAI is completely secured by bank guarantee, the company said. The carrier is making payments for service being currently utilised as per the payment plan. Further, the company said that it has more than Rs 142 crore of claims against Airport Authority of India related to “wrongful charge of landing fee and damages for loss of aircraft due to negligence.”
• Karnataka Bank: Empanelled by the Reserve Bank of India to act as an "Agency Bank" to facilitate transactions related to government businesses. Karnataka Bank is now authorised to undertake the government businesses such as revenue receipts and payments on behalf of the Central/State governments, pension payments in respect of Central/State governments, collection of stamp duty charges and any other item of work specifically advised by RBI.
• Wipro: Completed the acquisition of Ampion on August 6. Ampion is an Australia-based provider of cyber security, DevOps and quality engineering services.
• JSW Energy: JSW Energy (Barmer), a material subsidiary of the company, has approved a bonus issue of 126.57 crore equity shares of Rs 10 each amounting to Rs 1,265.77 crore. The company will issue 11 equity shares for every 15 equity shares held.
• Suzlon Energy: To consider up to Rs 1000 crore securities issue on August 13.
• Power Finance Corporation: Updated its global medium term note programme to $8 billion from $5 billion.
• Dhanvarsha Finvest: To consider sub-division of shares on August 13. The company will also consider fund raising by issue of NCDs of up to Rs 250 crore.
• Adani Enterprises: Incorporated a wholly owned subsidiary called, Noida Data Center Limited, on August 5. NDCL is incorporated with the object to develop, operate, maintain, deal with the business of Data Centers/IT/ITeS/ Cloud.
• Earnings: Shree Cement, Astrazeneca Pharma India, MRF, Timken India, Reliance Power, Clean Science and Technology, Jet Airways (India), Hinduja Global Solutions, Balrampur Chini Mills, Gujarat State Petronet, Laxmi Organic Industries, Tamilnadu Petroproducts, Tata Investment Corporation, Bombay Dyeing & Mfg.Co, Chemcon Speciality Chemicals, Ester Industries, Gati, Automotive Axles, Shalby, Venky's (India), The Hi-Tech Gears, IFB Agro Industries, Igarashi Motors India, Indian Hotels Co., Indraprastha Medical Corp., Kirloskar Industries, Subex, Nahar Industrial Enterprises, Nilkamal, Pokarna, Satin Creditcare Network, Shankara Building Products, Savita Oil Technologies, Steel Exchange India, Suven Life Sciences, WPIL
• Axis Bank: The bank has Rs 648 crore exposure to Future Group companies. Axis bank had Rs 305 crore outstanding at Future Retail and Rs 164 crore to Future Enterprises as of June 30. The bank’s exposure to other Future group entities was at Rs 179 crore. The bank said it was clarifying after it had received queries seeking information on its exposure to Future Group.
• SpiceJet: Has clarified on report of default on payment to Airport Authority of India. The principal amount owed to AAI is completely secured by bank guarantee, the company said. The carrier is making payments for service being currently utilised as per the payment plan. Further, the company said that it has more than Rs 142 crore of claims against Airport Authority of India related to “wrongful charge of landing fee and damages for loss of aircraft due to negligence.”
• Karnataka Bank: Empanelled by the Reserve Bank of India to act as an "Agency Bank" to facilitate transactions related to government businesses. Karnataka Bank is now authorised to undertake the government businesses such as revenue receipts and payments on behalf of the Central/State governments, pension payments in respect of Central/State governments, collection of stamp duty charges and any other item of work specifically advised by RBI.
• Wipro: Completed the acquisition of Ampion on August 6. Ampion is an Australia-based provider of cyber security, DevOps and quality engineering services.
• JSW Energy: JSW Energy (Barmer), a material subsidiary of the company, has approved a bonus issue of 126.57 crore equity shares of Rs 10 each amounting to Rs 1,265.77 crore. The company will issue 11 equity shares for every 15 equity shares held.
• Suzlon Energy: To consider up to Rs 1000 crore securities issue on August 13.
• Power Finance Corporation: Updated its global medium term note programme to $8 billion from $5 billion.
• Dhanvarsha Finvest: To consider sub-division of shares on August 13. The company will also consider fund raising by issue of NCDs of up to Rs 250 crore.
• Adani Enterprises: Incorporated a wholly owned subsidiary called, Noida Data Center Limited, on August 5. NDCL is incorporated with the object to develop, operate, maintain, deal with the business of Data Centers/IT/ITeS/ Cloud.
• Earnings: Shree Cement, Astrazeneca Pharma India, MRF, Timken India, Reliance Power, Clean Science and Technology, Jet Airways (India), Hinduja Global Solutions, Balrampur Chini Mills, Gujarat State Petronet, Laxmi Organic Industries, Tamilnadu Petroproducts, Tata Investment Corporation, Bombay Dyeing & Mfg.Co, Chemcon Speciality Chemicals, Ester Industries, Gati, Automotive Axles, Shalby, Venky's (India), The Hi-Tech Gears, IFB Agro Industries, Igarashi Motors India, Indian Hotels Co., Indraprastha Medical Corp., Kirloskar Industries, Subex, Nahar Industrial Enterprises, Nilkamal, Pokarna, Satin Creditcare Network, Shankara Building Products, Savita Oil Technologies, Steel Exchange India, Suven Life Sciences, WPIL