Suzlon Energy announced before the market hours today that it will acquire Areva's total stake of approximately 30% in REpower Systems AG, Germany (REpower). This acquisition will consolidate the company's total holding in REpower to approximately 66%. With this acquisition and through voting pooling agreement with Martifer of Portugal, another major shareholder of REpower, the company enjoys voting rights of approximately 89% in REpower subject to certain minority protection and other rights.

The government of Sri Lanka has awarded the exploration license to explore oil and natural gas in the Mannar Basin to Cairn India. An agrrement for the offshore block will be signed in due course.

State Bank of India (SBI) announced after the market hours yesterday 5 June 2008 that it has signed a joint venture agreement with Societe Generale Securities Services (SGSS), a division of Societe Generale Group, to form a joint venture company which will offer custody and related services in India. SBI and SGSS will hold 65% and 35% respectively of the equity in the new company.

HEG board has approved expansion of capacity from current level of 60,000 tonnes per annum (TPA) to 80,000 TPA at a cost of Rs 190 crore at its graphite plant at Mandideep. With this expansion the company will become the world's largest graphite electrode producer at a single location.

BGR Energy Systems has been awarded a contract of $ 9.29 million for manufacture of 70 oil product storage tanks for Aumara oil products depot in Iraq.

Berger Paints, Dhanalakshmi Bank, Hindustan Oil Exploration, Karur Vysya Bank, Peninsula Land, Sundaram Fasteners will announce results today.

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