* BARAK VALLEY CEMENTS: Has approved the option of disinvestment up to 55% in Wholly-owned subsidiary, Valley Strong Cement ( Assam ).
* BHARAT PETROLEUM CORP: Reported a net profit of 16.47 bln rupees in Oct-Dec against expectations of a loss of 10.29 bln rupees.
* COAL INDIA: Reported a consolidated net profit of 43.95 bln rupees for Oct-Dec, up 8.9% on year, on the back of improved production and sales volume.
* GMR INFRASTRUCTURE: Subsidiary GMR Highways has signed a definitive agreement with Macquarie SBI Infrastructure Investments Pte Ltd and SBI Macquarie Infrastructure Trust to sell 74% stake in its Andhra Pradesh road project, GMR Jadcherla Expressways Ltd, for 2.06 bln rupees.
* HINDUSTAN OIL EXPLORATION CO: Posted a net loss of 5.29 bln rupees for Oct-Dec.
* INDIAN OIL CORP: Reported a 34% on year increase in its Oct-Dec net profit after it accounted for 134.75 bln rupees as subsidy from government for selling fuels at regulated rates.
* JSW STEEL: Steel production in January took a hit because of poor quality and insufficient availability of iron ore. The company's consolidated net loss in Oct-Dec was 737 mln rupees.
* KINETIC ENGINEERING: Has extended the maturity of its foreign currency convertible bonds worth $18 mln to Feb 15, 2014, from the earlier maturity of February 2013.
* KINGFISHER AIRLINES: Core group of lenders to the company met at State Bank of India 's headquarters to deliberate on the recovery of advances, the initial steps towards which may begin 10 days from now. Indian banking system is preparing to write off, possibly the biggest ever single loan account in its history extended to the airline company.
- International Air Transport Association informed the airline of terminating its membership if it fails to take to the skies again. Lenders to the airline company are confident value of collateral available to them are enough to cover the company's 70-bln-rupee dues. The company's brand value has come down to zero from around 25 bln rupees two years ago.
* LANCO INFRATECH: Is in talks with strategic and financial investors to sell stakes in three power projects separately, to raise over 25 bln rupees, after attempts to sell stake in its arm that owns all three projects failed.
* MAX INDIA : Plans to sell its speciality films business to Treofan Group have run into trouble as the German company is offering a much lower value than the 5.4 bln rupees it agreed to pay in Sep 2012.
* MERCATOR: Reported a consolidated net loss of 2.3 bln rupees in Oct-Dec, down by a one-time provision of 1.7 bln rupees on compensation to be paid for pre-termination of charters and loss on sale of a ship by its Singapore- listed subsidiary.
* POLARIS FINANCIAL TECHNOLOGY: Karur Vysya Bank has selected the company's intellect global transaction banking solution to help launch its greenfield operations in transaction banking.
* STEEL AUTHORITY OF INDIA : A disinvestment department official said the offer for sale to divest 10.82% government stake in the company is likely to take place in the second half of March.
* TD POWER SYSTEMS: The company's engineering, procurement and construction arm received orders worth 2.34 bln rupees.
* TATA MOTORS: Has got an order to supply 26 6X6 multi-axle mobile platforms to Bharat Electronics.
* TATA STEEL: Posted a consolidated net loss of 7.63 bln rupees in Oct-Dec as against a 6.02-bln-rupee loss a year ago.
* UNITY INFRAPROJECTS: Has won orders worth 1.29 bln rupees in Pune and Goa .
* WOCKHARDT: May have to recall some batches of pain relief medicine Brexic DT, after a recent alert issued by Drugs Controller General of India .
