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Friday, July 27, 2012
WINNING STROKES: THINK DIFFERENT
My recommended Vijay Shanthi Builders Ltd hit the buyer freeze in the late afternoon trade. I have mentioned time and again that according to my close sources, the company is coming up with good results for Q1FY13. Also, the company is completing a number of projects in the next 3-6 months time frame. A small write-up on the company is already placed at: www.sumanspeaksplus.blogspot.com.
There are some more positive news for the Power Sector and for companies in this space, viz, Tata Power Ltd, Reliance Power Ltd, KSK Energy Ventures Ltd, Adani Power Ltd, etc. There are media reports that the government might ask Coal India Ltd to import coal to meet the ever growing domestic demand and adopt price pooling of international and indigenous coal for supplying to power companies. In a letter to Coal India, the Coal Ministry said, "In the interest of growth of the economy and to increase power generation, efforts are needed to make adequate coal available". The Power Ministry has also suggested to the Coal Ministry, that there is necessity of coal imports and pooling of the price of imported and domestic coal. "In this regard, Central Electricity Authority) needs to prepare a detailed operational plan i consultation with Coal India, Railways and Port Authorities", the Power Ministry said. The board of Coal India Ltd is likely to meet on next Tuesday (31st July, 2012), to deliberate on this issue and take final decision. To read the full report: CLICK HERE.