Silverline Technologies, RNRL, IFCI and Sail follow.

About 1.68 crore shares were traded in the Bellary Steels & Alloys counter on BSE today. The share price rose 0.99% to Rs 2.05.

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.

The company announced on 28 June 2007 that the corporate debt restructuring proposal submitted by the company in June 2007 is under active consideration by 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.

The company feels that after the restructuring of the debts, the availability of captive ore and the commissioning of the power plant, the bottom line and the cash flow would improve tremendously.

Silverline Technologies clocked the second highest volume of 1.07 crore shares on BSE. The share price declined 4.38% to Rs 15.07.

Silverline’s net profit declined 37.89% to Rs 3.31 crore in Q3 March 2007 compared with Rs 5.33 crore in Q2 December 2006. Sales moved up 7.85% to Rs 21.29 crore in Q3 March 2007 as against Rs 19.74 crore in Q2 December 2006. The results were announced on 20 April 2007.

Silverline Technologies announced on 30 April 2007 that the company, in line with its expansion plans, has chalked out a strategy to strengthen and add finance and banking business process outsourcing (BPO) practice to its fold through the acquisition of a BPO business in North America.

Reliance Natural Resources (RNRL) clocked third highest volume of 97.56 lakh shares on BSE today. The share price declined 0.60% to Rs 41.60 . The Bombay High Court's final verdict on the allocation of gas from Reliance Industries' Krishna-Godavari basin block has been adjourned to18 July 2007.

The Bombay High Court said on 21 June 2007 that Reliance Industries (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.

IFCI clocked the fourth highest volume of 92.95 lakh shares on BSE. The share price declined 1.80% to Rs 60.05.

The derivative contracts in IFCI have crossed 95% of the market-wide position limit on NSE and it is currently in the ban period.

IFCI announced on 9 July 2007 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.

The Steel Authority of India (Sail) clocked the fifth highest volume of 64.22 lakh shares on BSE. The share price rose 10.49% to Rs 159.60. Q1 June results will be announced on 25 July 2007.

On 26 June 2007, Sail a memorandum of understanding with Manganese Ore India for setting up of a joint venture company to produce ferro-manganese and silico-manganese.

Net profit of Sail surged 72.40% to Rs 1901.88 crore in Q4 March 2007 as against Rs 1,103.20 crore in Q4 March 2006. Sales rose 12.65% to Rs 10,385.08 crore in Q4 March 2007 as against Rs 9,218.97 crore in Q4 March 2006.