Stock Picking - Art Or Science

If there is one Legal way to Become Rich early, it is by Investing in Stocks and Real Estate. In this Blog you will not see general news which are available at numerous sites, instead u will get filtered news and opinions which matter. Many a times some small but important news were overlooked because of simultaneous big event, I try to put all those news in my Blog. The Home Page shows posts of only last 10 days. To see all the posts click on the month in the Archive section.

Tuesday, March 07, 2006

Patel Engineering - David Or Goliath

Patel Engineering - Qualified For Projects Worth Rs. 5500 Cr.

Patel Engineering, an infrastructure civil - construction company, informed that it has been qualified for a number of infrastructure projects aggregating to Rs. 5,500 crore. Among them are Rs. 700 crore Loharingpala Hydro Electric Project, Rs. 800 crore Vishnu Tapovan Hydro Electric Project, Rs. 700 crore Rampur Hydro Project and Rs. 800 crore Pala Tiloth Hydro Electric Project.

Further, Rs. 1,000 crore Kishan Ganga Hydro Electric Project and Rs. 3,500 crore Tipaimukh Hydro Electric Project are in the market as turnkey hydro electric projects for which the company is in the process of forming joint venture with international contractors. The company currently has an unexecuted order book position of approximately Rs. 4,400 crore.

The company has since announced plans to foray into hydro power generation as an Independent Power Producer. Beginning FY 2007, it plans to bid for medium size projects in the range of 100 MW to 500 MW on BOLT basis in the North and North Eastern regions of India.

The company, in a consortium with Larsen & Toubro, has recently bagged Rs. 439.07 crore, 520 MW Parbati Hydro Electric Project Stage (III) from the National Hydroelectric Power Corporation. Hydropwer projects account for 60 % of the total bids submitted recently by Patel.

0 Comments:

DISCLAIMER

This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction.

The information contained herein is from publicly available data or other sources believed to be reliable. While I would endeavour to update the information herein on reasonable basis, I am under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent me from doing so. I do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. I do not undertake to advise you as to any change of my views. I may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject me to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction. I may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. I may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall I or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind.