Bio Diesel, rates per liter are as follows:
The company is issuing 62, 50, 000 shares to Promoters and others on Preferential Issue, pursuant to the provisions of Section 81 (1A) of the Companies Act, 1956 and Chapter, VII of the SEBI (ICDR) regulations, 2009. The Company has two Biodiesel Units:
1. One is at Samsthan Narayanpur Village & Mandal, Nalgonda District with 30,000 Liters per day capacity .
2. The other unit is at APIIC-SEZ, Atchutapuram, Rambilli Mandal, Visakhapatnam with 2,50,000 Liters per day capacity.
The Company has been supplying biodiesel to various well reputed customers like Kirloskar Oil Engines, Panama Petro Chem, Ipsa Texchem, Sovino foods Pvt Ltd, Real Bakers Pvt Ltd, Anand foods Pvt Ltd, Parle group, Evergreen Energy Inc., Witmans Industries, Biking Foods Pvt Ltd and other traders etc. Having experience in setting up two Biodiesel units, now the company has got an order from Indian Railways Organization for Alternate Fuels (IROAF), Ministry of Railways to set up/ construct, maintenance and operation of 30 tons per day capacity biodiesel unit at Tondiarpet, Chennai. The Company has started implementing the Biodiesel project for IROAF. The progress of execution of the project is satisfactory. Also, the Institute of Economic Studies, New Delhi has awarded a prestigious “Barons of Indian Business Development Award” in the year 2012 to the Company.
Rolta India Ltd, a superb company in the IT space, with too good fundamentals, today touched Rs. 68.70, before cooling down a bit. It is a clear cut of break out in Rolta Ltd and I would not be surprised if it touches Rs.80, during the next few trading sessions. The stock was recommended today at Rs.67-67.50.
Excerpts of my message to the Paid Service Members today: Strong bounce back in Nifty, from Crucial support level of 5935-5950 (spot) is a clear sign of bulls taking over the centre stage. Long positions can be added with a SL of 5930 (Spot). Since the morning it has been found that the Nifty is hovering around the resistance zone of 6040--6070. But I feel since the momentum is so strong it is only time that this zone will be broken as Nifty touches 6100--6150.
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