IL&FS has been engaged in road sector projects since 1993 as a sponsor, developer or investor. For consolidating its project portfolio in the surface transportation sector, ITNL was promoted by IL&FS in 2000. IL&FS Group currently holds 87.5% in ITNL. (more…)
Author: CP
Vardhman Textile – Review
MF Global Securities has initiated Coverage on Vardhman Textile Ltd [VTXL] with a BUY Rating. The investment Rationale behind the call is the deficient cotton production & increase in consumption, will keep cotton price at higher levels & as India has excess production Indian miller who have pricing power can pass on the increasing raw material price to Yarn & Fabric consumer. The rise in production is because of rebound seen in yarn and textile demand. (more…)
Coal Fuel Security for Power Plants
The Ministry of Coal has awarded coal linkages for 22 GW of power capacities with a clear focus on projects likely to be commissioned in the XIth plan period. The allocations ensure fuel security for power projects, while increasing the burden of responsibility for Coal India Ltd (CIL) to meet increasing demands from the power sector.
Lanco Infratech has been awarded linkage for 660 MW (more…)
Cox & Kings forays into luxury train segment
Royale Indian Rail Tours (RIRTL) operated — Maharajas Express [Super luxury Train] began its journey on March 6, as it left Mumbai for New Delhi.
RIRTL is a joint venture (JV) between Cox and Kings (India) and Railways Catering and Tourism Corporation (IRCTC). The super luxury train has a total of 23 coaches with a passenger capacity of 84. (more…)
Apar Industries – Riding Capital Goods Boom
Apar Industries is one among the best-established companies in India operating in the diverse fields of electrical, metallurgical and chemical engineering.
Consolidation of conductor manufacturing plants – The company will continue to invest and maintain its leadership position as a direct beneficiary of the robust growth emerging in India’s power sector.
Increased focus on the export of specialty oils – Its specialty oils business strengthened itself through approvals of new generation transformer oils from global OEMs like Areva, Siemens and ABB. (more…)
NMDC FPO – Company Review
NMDC one of the Government’s biggest Asset in Minerals is going for a FPO. Here is an Insight into the company.
NMDC has reserves and resources of 1,360.6 million metric tonnes of iron ore with predominantly greater than 64% Fe content and has been the largest producer by volume in India during the last three fiscal year – the Company’s producing mines are open cast and
primarily fully mechanised. Strong in-house capability to undertake exploration – NMDC is actively involved in exploration and development activities so as to apply for and acquire new iron ore and other mineral leases thereby expanding its reserves and (more…)