2007 | Dalal Street

Kotak Upgrades SREI Infra

December 12, 20072 min read

SREI proposes to capitalize on its project development business to scale-up project finance activity. SREI, along with project contractors, bids for development of infrastructure projects. It has development rights for six road projects and two ports. Srei proposes to provide a gamut of financial and advisory services for the projects under development.

SREI’s investment banking business has earned fees of Rs79 mn in 1HFY08. The focus is on emerging infrastructure companies which are tapping equity markets. The company has a reasonable pipeline for its size and expects to close the year with about 10 deals. Kotak has upgraded SREI Infra on the basis of Sum of the Parts Valuation. (more…)

Breaking Corporate India Earnings News

Diamond Cables + Ansal Properties

December 11, 20071 min read

Diamond Cables’ conductor division has e-mailed us that the company is in receipt of order from India’s two larger EPC contracting firm for manufacture and supply of transmission and distribution conductors aggregating 5447 kms valued at Rs 800 million.

Ansal Properties and Infrastructure Ltd has informed that the Uttar Pradesh (UP) government has doubled its project size from an earlier approved 2500 acres to 5000 acres. The total investment is tipped to be around Rs 21000 crore

India IPO Reviews and Updates

Transformers and Rectifiers – Subscribe

December 11, 20072 min read

Transformers and Rectifiers Ltd (TRL) is one of the major players in the Indian market manufacturing power generation transformers, transmission and distribution (T&D) transformers, industrial transformers and a range of specialty transformers. TRL is setting up a new plant in Moraiya, near Ahmedabad with an installed capacity of ~16,000MVA. The plant is expected to come on stream during 2008-2009. (more…)

Economy, Markets and Macro Views

Godawari Power and Ispat Ltd – BUY

December 11, 20072 min read

Godawari Power and Ispat Ltd [GPIL] completed its second phase of expansion. With this the company increased its capacity of sponge iron to 495,000 tpa (110%yoy), steel billets to 400,000 tpa (60%yoy) and HB wire rod to 120,000 tpa (90%yoy). With demand expected to remain strong in the next two years, expect GPIL’s output to register 66.1% CAGR for sponge iron, 30.5% CAGR for billets, 26.7% CAGR for HB wires and 17.5% CAGR for ferro alloys over FY07-09. (more…)

Breaking Corporate India Earnings News

Maytas lnfra to develop Vedanta Alumina township

December 11, 20071 min read

Satyam group company, Maytas Infra has signed a MOU with Vedanta Alumina for developing an integrated township for its staff in Jharsuguda, Orissa. The project has a total built up area of 14 lakh sq ft which Will be competed in 18 months and the value of the contract is 232.69 crore.

Vedanta Alumina has selected Maytas infra to develop the residential township for its staff based in Jharsuguda where in the scope of work for Maytas will include constructing the township on an EPC basis including site grading, designing of buildings and their construction etc.

The proposed township will include infrastructure facilities like roads, sewage, water treatment plant, Transit accommodation and Bungalows for top management of VAL, 2 BHK, 3 BHK and studio flats, guest house, hostel, open air theatre, dispensary, market complex, school, ancillary building etc spread over a build up area of 14 lakh sq ft.

Breaking Corporate India Earnings News

Goldiam International + Century Plyboards

December 11, 20071 min read

Goldiam International informed us in a fax message that the development Commissioner, Santacruz Electronics Export Processing Zone (SEEPZ) special economic zone (SEZ) has granted permission to the company for setting up a trading unit in Andheri (E), Mumbai.

The approval granted is for trading in diamonds, cut & polished diamonds, precious stones, C&P precious and semi-precious stones, synthetic stones, pearls, alloys, plain & studded gold jewellery, plain & studded silver jewellery, labels, findings (gold/silver/platinum), mountings (gold/silver/platinum), stainless steel jewellery studded with diamonds and precious stones.

Century Plyboards India will hold a board meeting on 18 December 2007 to consider split of existing equity shares issued by the company from Rs 10 denomination to Re 1 denomination.

« Prev 1 … 10 11 12 13 14 … 173 Next »