Punj Lloyd Ltd (Rs161.25): has secured a contract for civil works worth Rs2640mn from Airports Authority of India in connection with construction of new airport at Pakyong, Sikkim. The project is to be completed in 24 months.

Aurobindo Pharma (Rs175.95): has got approval from Health Canada for its abbreviated anew drug submission Gabapentin Capsules of 100 mg, 300 mg and 400 mg strengths. Gabapentin capsules are generic equivalent of Pfizer Canada Inc.'s Neurontinl capsules and fall under the central nervous system segment. They are indicated for treatment of seizures in patients diagnosed with epilepsy.

Matrix Laboratories (Rs90.45): received a final approval from the US Food and Drug Administration (USFDA) to market Stavudine capsules in strength of 30 mg and 40 mg. Stavudine is active against the human immunodeficiency virus (HIV). It is indicated for the treatment of HIV-1 infection in combination with other antiretroviral agents.

Tata Power (Rs804.70): is planning to divest part of its stake in group companies Tata Teleservices (TTSL) and Tata Teleservices (Maharashtra) (TTML) to raise about Rs 20 billion for funding its ongoing projects. The company has plans to sell stake after the promoter, Tata Sons, dropped its preferential warrants conversion plan, which would have fetched Rs 19 billion to the company.

Reliance Industries (Rs1368.05): has determined not to supply gasoline to Iran after executing all contractual obligations. This decision was taken because of the pressure that the company experienced from US. A letter written by eight US Congressmen to that country`s Export-Import Bank (Exim Bank) asking it to immediately suspend all financial assistance to RIL until the company agrees to stop selling gasoline to Iran.

Syndicate Bank (Rs64.25): has raised Rs3390mn by issue of unsecured, non-convertible IPDI (Innovative Perpetual Debt Instruments) Tier I capital. The issue, which opened on January 2, closed on January 03, 2009. The bonds are rated "AA+ /Stable" by CRISIL and "CARE AA" by CARE. The bonds carry a coupon rate of 9.40 per cent p.a. payable annually. Step up coupon rate of 0.50 per cent p.a. is payable for further life if call option is not exercised at the end of 10th year from the date of allotment.

HT Media's (Rs71.30): radio business has incurred "substantial losses since inception," mainly due to low advertisement revenue, and accordingly has sought shareholders' approval for writing off part of the share capital. As per the directive of the High Court of Delhi, its shareholders would meet on January 28 to consider the demerger of its radio business from its subsidiary HT Music and Entertainment Company and merge it with itself.

Maytas Infra (Rs167.4): has bagged a project worth Rs1.1bn from the Southern Railways for doubling the broad gauge track between Chengalpattu and Villupuram in Tamil Nadu. In joint venture with Chennai-based CT Ramanathan and Co, Maytas Infra will execute the project in 18 months from the date of agreement.

Prism Cement Ltd (Rs22.40): )posted 52% erosion in net profit during the second quarter of the financial year ending June 30, 2009. The company reported a net profit of Rs310.3mn for the quarter ended December 31,2008 as compared to Rs644.5mn in the comparable period last year. Sales of the company, however, declined marginally at Rs 2507.9mn from Rs2678.5mn in the period under consideration.