Asia Index to replace 12 cos from infra index

Asia Index, a joint venture between BSE and Dow Jones, has decided to drop 12 firms such as Bharti Airtel, Idea Cellular, Reliance Communications and MTNL from its infrastructure index, effective June 22. SREI Infrastructure Finance, Torrent Power, GVK Power & Infrastructure, Bharti Infratel, Petronet LNG, Tata Communications, Gateway Distriparks and Himachal Futuristic Communications will also be dropped from the index, which measures the performance of infrastructure companies. These companies would be replaced by Larsen & Toubro, Oil & Natural Gas Corp, Cairn India, Oil India, Voltas, Jaiprakash Associates, NCC, Gujarat State Petronet, IRB Infrastructure Developers, Sadbhav Engineering, PTC India Financial Services and Hindustan Construction Co.