About 1.93 crore shares were traded in the Bellary Steels & Alloys counter on BSE today. The share price rose 5% to Rs 2.15.

Bellary Steels & Alloys reported net loss of Rs 28.04 crore in Q4 March 2007 as against net loss of Rs 23.21 crore in Q4 March 2006. Sales rose 31.39% to Rs 9.46 crore in Q4 March 2007 as against Rs 7.20 crore in Q4 March 2006.

The company reported a net loss of Rs 106.50 crore in the year ended March 2007 (FY 2007) as against net loss of Rs 81.13 crore in FY 2006. Sales declined 0.30% to Rs 36.10 crore in FY 2007 as against Rs 36.21 crore in FY 2006. The results were announced on 8 May 2007.

On 28 June 2007. the company said the corporate debt restructuring proposal submitted in June 2007 is under the active consideration of the Industrial Development Bank of India, the lead financial institution for the company. The proposal is expected to be completed and in place within the next three months.

After the restructuring of debts availability of captive ore and commissioning of the power plant, the bottom line and the cash flow would improve tremendously.

IFCI clocked the second highest volume of 71.78 lakh shares on BSE. The share price declined 0.92% to Rs 60.85.

On 9 July 2007, IFCI announced that the board of directors of the company at its meeting held on 06 July 2007 had approved `in principle' a proposal for inviting expression of interest from strategic investors in accordance with long-term vision and business objectives of the company. The state-run lender is seeking a strong partner, be it an Indian entity or from overseas, which can add value to the company.

IFCI reported a net profit of Rs 246.86 crore in Q1 June 2007 as against a net loss of Rs 15.61 crore in Q1 June 2006. Operating income rose 96.6% to Rs 506.35 crore in Q1 June 2007 as against Rs 257.61 crore in Q1 June 2006. The results were announced on 6 July 2007.

Sujana Metal Products clocked the third highest volume of 65.60 lakh shares on BSE. The share price declined 11.11% to Rs 31.30.

Net profit of Sujana Metal Products rose 89.04% to Rs 16.39 crore in Q3 March 2007 as against Rs 8.67 crore in Q3 March 2006. Net sales were up 32.14% to Rs 230.28 crore in Q3 March 2007 as against Rs 174.27 crore in Q3 March 2006. The results were announced on 18 April 2007.

Nagarjuna Fertilisers and Chemicals clocked the fourth highest volume of 57.37 lakh shares on BSE. The share price rose 5.56% to Rs 24.70.

The derivative contracts in the Nagarjuna Fertilisers and Chemicals have crossed 95% of the market-wide position limit and it is in the ban period on NSE from today.

Nagarjuna Fertilizers & Chemicals' net profit declined 88.93% to Rs 1.86 crore in Q4 March 2007 as against Rs 16.80 crore in Q4 March 2006. Sales rose 20.24% to Rs 420.03 crore in Q4 March 2007 as against Rs 349.33 crore in Q4 March 2006.

Net profit declined 52.57% to Rs 31.71 crore in the year ended March 2007(FY 2007) as against Rs 66.86 crore in FY 2006. Sales rose 24.93% to Rs 1,815.24 crore in FY 2007 as against Rs 1,452.95 crore in FY 2006. The results were announced on 27 April 2007.

Reliance Natural Resources (RNRL) clocked the fifth highest volume of 56.12 lakh shares on BSE today. The share price rose 1.46% to Rs 41.65. The Bombay High Court's final verdict on the allocation of gas from Reliance Industries' (RIL) Krishna-Godavari block has been adjourned to 18 July 2007.

The Bombay High Court said on 21 June 2007 that RIL cannot sell the gas to be produced from one of its prime blocks in the Krishna-Godavari basin to any third party other than Anil Ambani’s RNRL and NTPC. In an interim order on a petition filed by RNRL, the high court said that the 81.6 million standard cubic metres per day (mscmd) of gas is to be earmarked for RNRL, NTPC or for RIL’s captive use for the next eight years.

On 4 May 2007, an interim order was passed by Justice A M Khanwilkar, preventing RIL from selling off the quantity of gas from its Andhra offshore field committed to younger brother Anil Ambani's entities including RNRL as part of 2005 demerger pact between the two brothers Mukesh and Anil.

RNRL’s net profit jumped to Rs 7.35 crore in the fourth quarter ended March 2007, from Rs 1.04 crore in the quarter ended March 2006. Sales vaulted to Rs 56.33 crore, from Rs 0.41 crore.