* ASTRAL POLY TECHNIK: Board has approved five-for-one stock split.
* BHARAT HEAVY ELECTRICALS: To exit its joint venture power projects and not enter into any such alliance in the immediate future.
* BHARAT PETROLEUM CORP: To invest more than 250 bln rupees over the next three-four years to expand and modernise its four refineries.
* BHUSHAN STEEL: The Directorate General of Central Excise Intelligence has booked a case against the company for fraudulently availing Central value added tax credit worth 240 mln rupees on zinc ingots purchased from HINDUSTAN ZINC.
* COAL INDIA: Has reported standalone net profit for Jan-Mar at 23.21 bln rupees, reflecting a growth of almost 90% year-on-year.
* DIVI'S LABORATORIES: Jan-Mar consolidated net profit fell 17% on year to 1.81 bln rupees. Consolidated sales declined 9% to 6.58 bln rupees.
* DLF: Has allotted 81 mln shares at an issue price of 230 rupees a share, aggregating to 18.6 bln rupees, under the institutional placement programme. Delhi High Court tells SEBI to speed up its probe into the quality of the company's disclosure during its IPO, and file a reply by Jul 9.
* ELECTROSTEEL STEELS: Is planning to seek corporate debt restructuring of its entire debt.
* ENTERTAINMENT NETWORK (INDIA): The radio arm of Times Infotainment Media Ltd sees the government conducting Phase III auction of Frequency modulated or FM radio channels in Jan-Mar.
* ESSAR OIL: Promoter ESSAR ENERGY Plc's wholly-owned subsidiary Essar Energy Holdings has agreed to purchase 32.95 mln shares, or 2.41%, of the company from co-promoter Imperial Consultants and Securities for $48.65 mln.
- Essar Oil will sign a $1-bln deal with China on Tuesday that would be backed by a supply of refined products to top state oil producer PetroChina.
* GAMMON INFRASTRUCTURE PROJECTS: In talks with international port operators to replace its current partner, Dragados, for operating the Indira container terminal at Mumbai Port.
* HONEYWELL AUTOMATION INDIA : Is setting up an Industrial Unit for manufacture of Solar Water Heaters and other products at Gujarat Savli GIDC.
* HOTEL LEELAVENTURES: Has reported Jan-Mar net loss of 1.42 bln rupees as compared to profit of 2.07 bln rupees a year ago. Net sales were up 44% on year at 2.01 bln rupees.
* INDIAN OIL CORP: Has developed technology to process jatropha oil to make bio-diesel in the company's existing diesel hydro-treating units at its refineries. Government's plan to sell 10% in the company may be delayed as a committee will look into the dispute between the finance and oil ministries over the computation of fuel subsidies.
* INFOSYS: Restructures employees' salary structure, cuts variable component.
* JAMMU & KASHMIR BANK: Targets 25% growth in loan book for 2013-14 (Apr-Mar).
* JUBILANT LIFESCIENCES: Arm Jubilant Cadista recalls its pantoprazole sodium delayed release tables from the US for possible deviations from good manufacturing practices.
* JSW ENERGY: Promoter to sell 28.2 mln shares of the company through the offer for sale route on Wednesday.
* LARSEN & TOUBRO: Gets construction contract for SUNTECK REALTY's Goregaon project Sunteck City .
* MAHANAGAR TELEPHONE NIGAM: Has invited indicative bids from merchant bankers Thursday to gauge the market appetite for issuances of 10-and 15-year maturity bonds.
* MAHINDRA & MAHINDRA: To push three-wheeler sales in South Africa via an online partner.
* MPHASIS: Private equity funds approach company's original founder Jerry Rao and former chief executive officer K. Jeyakumar separately to partner in buying out Hewlett-Packard's stake in the company.
* NESTLE INDIA : To invest 2.5 bln rupees on expansion, modernisation of existing milk plant at Moga in Punjab .
* NHPC: Inter-ministerial group on disinvestment approves 11.36% stake sale in the company; disinvestment likely to fetch around 25 bln rupees.
* ONGC: Great Eastern Energy Corp picks up 25% stake in the company's Raniganj (North) block in West Bengal through competitive bidding process.
* OMAXE: Promoters Constellation Capital and S.A. Finvest have set the floor price for their offer for sale of equity shares at 148 rupees per share.
* ORACLE FINANCIAL SERVICES: Promoter is planning to sell 4.43 mln shares of the company on Wednesday through an offer for sale.
* RELIANCE INFRASTRUCTURE: Is in the process of pulling out of mega projects worth 200 bln rupees due to inordinate delays by government agencies in fulfilling commitments.
* SHRENUJ & CO: Has commissioned a diamond cutting and polishing factory in Patna , Bihar .
* SREI INFRASTRUCTURE FINANCE: Has reported Jan-Mar consolidated net profit of 693 mln rupees from 132 mln rupees a year ago and consolidated total income of 7.8 bln rupees, up 20% on year.
* STYROLUTION ABS ( INDIA ): Promoter Styrolution ( Jersey ) has set the floor price for its offer for sale of 2.17 mln shares at 400 rupees per share.
* SUNTECK REALTY: Has awarded a contract for construction of its Goregaon project to LARSEN & TOUBRO.
* SUZLON ENERGY: In talks to repay investors.
* TATA TELESERVICES ( MAHARASHTRA ): Promoter Tata Sons plans to sell 18.97 mln shares of the company, representing 1% stake, in the market by Jun 4 to meet minimum public shareholding norms. Parent Tata Teleservices undertakes austerity measures; aims to reduce number of mobile sites.
* THOMAS COOK ( INDIA ): Is looking at options to consolidate assets and has appointed JLL as its consultant.
* TITAN INDUSTRIES: Cuts back on expansion of big shops.
* TRENT : Undertakes steps to rationalise costs by amalgamating smaller subsidiaries to streamline the group structure, and opt for standalone stores instead of shopping malls.
* VALECHA ENGINEERING: Has received orders worth 1.19 bln rupees.
* VISHNU SUGAR MILLS: Board has approved the promoters' proposal of voluntary delisting of shares of the company from BSE.
