Indian Equity Research and Investment Strategy
Breaking News in Corporate India / Earnings Analysis
The board of Triton Corp has approved the splitting of the face value of the equity shares of the company from Rs 2 per share to Re 1 per share. It was decided to convene an extra ordinary general meeting of the members of the company on 04 February 2008 to obtain the approval of shareholders for the said splitting of equity shares of the company.
Further, the board has also approved investment upto 51% stake in Sapphire Global, a company based in U.K.
JCT has announced that Dakshidin Corporation producers of the worlds most powerful water pumping windmill, and the company jointly announce that they have signed a memorandum of understanding for distribution and manufacturing capabilities of Dakshidin’s RESTEC windmills in India.
The company has a strong position and efficient distribution within India and abroad. In addition to the distribution of Restec’s windmills, the project aims to eventually manufacture the products as well.
Aban Offshore just a while ago told us that subsidiary of the company has entered into a contract with Chevron Offshore (Thailand) for provision of the jack-up drilling rig, deep driller 2. The contract with Chevron will be for an estimated duration between 5 and 7 months for drilling operations offshore Thailand. This contract will commence around end of December 2007. The contract value is approximately US $ 28 million to US $ 40 million.
Satyam Computer Services has informed us that the company will be setting up a Process Manufacturing Innovation Center of Excellence (PROMICE) at Hyderabad to help process manufacturing companies fully exploit advances in information technology – especially in the areas of product & process innovation – to achieve new levels of sustainable competitive advantage.
The Hyderabad PROMICE will feature latest technology infrastructure and highly qualified technology & domain experts. It will have virtually simulated factories for each of major 10 process industry verticals viz. metals & mining, building materials pulp & paper, textiles, food & beverages, leather, plastics, rubber, chemicals, and pharmaceuticals.
The company’s process manufacturing innovation center of excellence will create solutions and intellectual property through a new facility to be set in Hyderabad. This will provide exceptional business value to its global customers, while enhancing the organization’s competency in its process manufacturing business unit. Hyderabad provides a perfect setting for industry and institutes to come forward to collaboratively develop IT-based solutions for the process manufacturing industry.
Gamma Infoway Exalt in a fax message has informed us that the company has ventured into IT – systems and network integration sector. The company also provides higher-end network training program all over India with more than 25 centers. Expected annual income from franchisee for first year is Rs 10,04,40,000. Annual revenue generated from systems & network integration for financial year 2008-09 is Rs 26,40,00,000. Total revenue generated for financial yrear 2009-09 expected to be Rs 36,44,40,000. In the year 2008 the company also plans to launch banking call centre. The company is already under talks with major financial & banking institutions.
India’s leading infrastructure company, Nagarjuna Construction Company has secured two new orders aggregating Rs 307 crore.
The first order valued at Rs 230 crore is secured from the Dakshin Haryana Bijli Nigam (DHBNL), Haiyana for an EPC contract on turnkey basis comprising of supply of material and erection of new 11 KV single circuit lines providing HVDS in Hisar, Haryana State, to be completed over a period of 12 months. The second order is from Thane Municipal Corporation, Than, Maharashtra for water supply scheme valued at Rs 77 crore to be completed over a period of 27 months.