Morning Bell 08-02-11

Asian Paints re-starts Egypt operations

Asian Paints has commenced operations partially, at its two manufacturing units in Egypt. The company had shut down operations at the two manufacturing units last week, in the wake of the ongoing political crisis in Egypt. Other leading FMCG companies, Dabur and Marico , have temporarily shut down their plants in the Arab nation. (Source: Economic Times)

BPCL to lift 75% products of Rajasthan Refinery

The Rajasthan state government signed a MoU with Bharat Petroleum Corporation (BPCL) for marketing refined petroleum products of its Rajasthan Refinery. As per the MoU, BPCL will lift minimum 75% of the product volume of the total marketable refined petroleum products of Rajasthan Refinery. (Source: Business Standard)

Eicher looking to double capacity in 5 years

Eicher Motors expects to raise its capacity for trucks and buses to 100,0OO units per year from current 48,000 units over the next five years. The company will invest about Rs 500 crore in the next three years for the capacity expansion plans. Eicher will finance the expansion plans at its Madhya Pradesh plant through internal cash flow.         (Source: Business Standard)

JSW Steel's January crude steel production up 9%

JSW Steel reported 9% increase in its crude steel production in January to 5.8 lakh tonnes from 5.33 lakh tonnes a year earlier. The Sajjan Jindal-led firm's flat rolled products' output increased by 39% to 4.62 lakh tonnes during the month from 3.34 lakh tonnes in the same month last year. (Source: Economic Times)

Punj Lloyd announces results for the quarter ended December 31, 2010Punj Lloyd has posted a net loss of Rs (22.70) million for the quarter ended December 31, 2010 as compared to net profit of Rs 1175.20 million for the quarter ended December 31, 2009. Total Income has decreased from Rs 21393.20 million for the quarter ended December 31, 2009 to Rs 11147.20 million for the quarter ended December 31, 2010. (BSE India)