Jain Irrigation + Isreaeli Mekorot sign MOU

Jain Irrigation Systems (JISL) has informed us that the company and Mekorot, the National water company of Israel have signed an MOU for cooperating and working together in India in projects related to water infrastructure in the country. Initially the two companies will establish a framework for joint cooperation and collaboration to explore potential projects in the field of desalination plants, water resource management, water supply systems, municipal water management / wastewater treatment and reclamation projects in India.

The two companies intend to execute the water projects by using their core competencies and expertise in the water sector. Mekorot will contribute and provide design capabilities and technologies along with resources for implementation, management, operation and maintenance of such projects. The company will contribute and provide the customer relationships, business development, management resources, procurement of equipment and execution of facility / plant.

VSNl Changes Name to Tata Communications

Tata’s managed VSNL has changed its name to Tata Communications. The company also launched Tata Global Network (TGN) and unique experience of operating in emerging markets in Asia and Africa to deliver a new world of globally managed communications solutions.

Earlier in Dec07, Tata Communications launched WiMax broadband services in Bangalore. Tata Communications’ Wimax network roll-out in India will provide customers with high-speed and reliable connectivity to over 100 cities and towns. Customers of Tata Wimax broadband have given a thumbs down to the service due to extremely poor customer service.

Kemrock Industries and Exports – SBI Caps

SBI Caps has initiated coverage on Kemrock Industries & Exports with a BUY rating. Kemrock is the world’s most integrated and comprehensive thermoset reinforced polymer composite solution provider. Kemrock high technology profile has been acquired by mastering multi fold technology processes and the ability of its technocrat promoters.

Kemrock has multifold processes – pultrusion, moulded, filament winding, centrifugal casting, pull winding, Resin Ttansfer Moulding and expanding process strategy in the
future – SMC, Vaccum assisted resin transfer moulding, VaccumBagging and (more…)

McNally Bharat Engg bags order from SAIL

McNally Bharat Engineering Company has announced that the company has received an order from Steel Authority of India for expansion of IISCO steel plant – raw material handling system ore handling plant valued at Rs 621.88 crore inclusive of all taxes and duties.

Further, the company has informed that Steel Authority of India, Bokaro Steel Plant have awarded an order for Bokaro Steel Plant 7.0 MT expansion – coupled pickling line tandem cold mill for CRM-III (package no. 026) for an amount of Rs 70.58 crore.

Shankar Sharma A Global Chameleon

It was another day blood bath on the street – Day of Rumors, Losses and continued selling from Foreign Institutions. If you are sticking to VALUE INVESTING, then you don’t see the PANIC button. However, if you have been speculating, let Lord save you.

CNBC TV-18 which rose to fame with rising market and its worthless reporters have some Global Chameleons as hosts – presenting Shankra Sharma of (more…)

Tina Ambani Birthday – Box office Flop for Reliance Power Investors

Feb-11th is the day when the first lady of ADAG group, Tina Munim Ambani celebrates her Birthday. Unfortunately, the day turned out to be a Valentine Mismatch for the ADAG group chairman Anil Ambani. His Dirty Energy IPO closed at Rs 373 a massive 17% discount to issue price after trading below Rs 445 for most of the day.

All the Anil Ambani group companies were hammered mercilessly adding to the blood bath on the street.

Reliance Energy Down 18.72%.
Reliance Communications Down 9%
Reliance Capital Down 11%
RNRL Down 17% (more…)

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