Private sector aluminium major Hindalco Industries will unveil its consolidated results for the financial year ended 31 March 2012 (FY2012) today, 27 June 2012.

Kingfisher Airlines may witness selling pressure on reports its lessors have taken back 34 aircraft. Another 15 aircraft of the company are aground due to want of spares, and the airline is left with only 15 planes to carry out its operations, reports added.

Shares of tea makers will be watched on reports India's tea production in April dropped to 61 million kilogram (kg), down 16.4% from a year earlier as unfavourable weather in the top producing north eastern Assam state hampered plucking. The country's tea production in the first four months of 2012 fell by 14.4% to 143.3 million kg from a year earlier.

Redington (India) said that its wholly-owned subsidiary, Easyaccess Financial Services, has purchased a building admeasuring 2,30,000 square feet at Chennai. The property is let out on lease and could be utilised to meet the Redington's plans to house the employees of the group under a single roof in the long run.

The board of HCL Infosystems has approved transferring the company's computing products manufacturing and channel business (which includes the manufacturing undertaking and the channel undertaking) to a wholly-owned subsidiary/group/affiliate/other entity.

Telecom stocks will be watched on reports the government has decided to set up a national optical fiber network at a cost of about Rs 20000 crore to provide high-speed broadband connectivity in rural areas. The network is being rolled out by a special purpose vehicle -- Bharat Broadband Network -- owned jointly by the government and the Universal Service Obligation (USO) fund. Bharat Broadband will lay about 500,000 kilometers of optical fiber which will enable government departments to roll out online services and applications nationally. Creation of the network and sharing it with other telecom operators will help lower the connectivity costs of companies. The network will also help the government achieve its target of broadband penetration, reports added.

Reliance Industries (RIL) has reportedly demanded tripling of its Krishna Godavari-(KG)-D6 gas price from 1 April 2014 after the current below-market rate of $4.205 per million British thermal unit (mmBtu) expires.

According to report, RIL, on 15 June 2012, wrote to the oil ministry, proposing to price natural gas it produces from the KG basin block in Bay of Bengal at a rate equivalent to price India pays for importing liquefied natural gas (LNG). The government had in 2007 fixed a price of $4.2 per mmBtu for gas from the KG-D6 block for first five years of production. KG-D6 fields began production on 1 April 2009 and the current price expires on 31 March 2014.

Petronet LNG will reportedly operate its upcoming five-million-tonne Kochi terminal at just 20% of its capacity for a year, due to delay in commissioning of the supply pipeline. The Rs 4,500-crore Kochi terminal will be Petronet's second and the country's third liquefied natural gas (LNG) terminal after Dahej and Hazira. Petronet operates the Dahej terminal, while the Hazira terminal is run by Dutch oil and gas giant Shell.