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The data used here, is derived from the sources, deemed to be reliable, but their accuracy and completeness is not guaranteed. The author is not responsible for any loss in investments made, based on the inputs provided here - 28th May, 2006.
Presidential Elections: Support Dr.Meira Kumar
Bihar and Jharkhand governments have no choice but to support Dr.Meira Kumar. As defeat of "Bihar ki Beti" will invariably bring Shame to the Biharis and Jharkhandis (or erstwhile unified Bihar). Do you think that, people of Bihar will leave Nitish Kumar Scott - free, if Dr.Meira Kumar loses ? So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar.
Moreover, if Nitish Kumar wants to fall in the BJP's well calculated electoral TRAP no one can save him in the next election.
Also, I am surprised to see Mr.Navin Pattanayak, so easily chewing the RSS bait. Orissa is a state, where there is large chunk of Tribal Christian voters loyal to the BJD (Biju Janata Dal). I am still to fathom, BJD's sudden electoral gamble of siding with the RSS and the BJP; when Mr.Pattanayak has been maintaining distance from them since some time.
Besides, the election of Dr.Meira Kumar, who is educated, experienced and very sober, might also correct some of the historical mistakes of not making her father, the Prime Minister of India.
Also, I don't think all the Muslim and Christian MPs and MLAs from the TDP and TRS will ever support a RSS backed Candidate, who acted against Dalit Christian and Muslin reservations. Therefore, invariably cross voting will take place, which might give the underdog, Ms.Kumar, a win. Support Dr.Meira Kumar, give a conscience vote and make her the 2nd Female President of India.
All the best to Dr.Meira Kumar.....👍✌
Thursday, April 18, 2013
B F Utilities Ltd: Rs.255.20
BF Utilities Ltd. (BFUL) is a part of USD 2.4 billion Kalyani Group. BFUL earlier operated in two business segments – Infrastructure Business and Investment Business. BFUL has undergone business restructuring by way of a Composite Scheme of Arrangement. Under the said business restructuring, the Infrastructure Business has remained with BFUL and Investment Business has been transferred to BF Investment Ltd.
(i) The Railway Minister Pawan Kumar Bansal, granted a veritable boon to the beleaguered wind turbine sector by announcing a proposal for setting up 75 MW windmill units, in the railway budget for 2013-14. Mr.Bansal announced "setting up of 75 MW windmill plants and energising 1,000 level crossings with solar power". He said that as a measure to protect the environment and to promote sustainable development, a railway energy management company will be set up to harness the potential of wind and solar power.
The railways have pan-India presence and can put up the windmills across the country. This is positive for the wind power generation companies.
(ii) With the scrapping of accelerated depreciation and Generation-Based Incentive (GBI) schemes, the Indian wind power sector received a jolt in the last year's budget. But, introduction of generation based incentive to wind power developers, in FY13-14 budget, is expected to help the wind power industry in a big way.
With a generation-based incentive of 50 paise per unit being introduced in the Union Budget, India's wind power capacity is poised to grow from 18,000 megawatts (MW) to 27,000 MW in the next two years, according to turbine makers and wind power producers. The withdrawal ofaccelerated depreciation for wind energy projects last year led to drastic fall in capacity expansion as only around 1,800 MW new wind capacity was added in 2012-13 against 3,000 MW in 2011-12. Ramesh Kymal, chairman, Indian Wind Turbine Manufacturers’ Association (IWTMA) had said that the reintroduction of GBI scheme by the government would help the wind industry get back to its high growth trajectory and the industry may cross annual capacity addition of 5,000 mw soon.Also, the government has recognized the contribution of wind power and clean energy fund will be made available to help wind power. Wind power accounts for 11% of installed capacity and 6% of total generation in India, he said. The government targets to increase the share of wind power to 15% by 2020 under its national action plan for climate change.
(iii) Despite the continued dismal state of US economy, B F Utilities Ltd, managed to add 13 GW of windmill capacities in the year 2012,just a whisker below China. Chinese aggregate windmill capacities surpassed 75 GW whereas that of US crossed 60GW. India's grid-connected renewable energy deployment, mainly solar and wind, has reached 27 gigawatt (GW), according to a top official of the ministry of new and renewable energy.
(iii) Increasing diesel cost will also work to the advantage of wind energy sector as many industrialists may replace diesel generator sets with wind turbines. The government has set a target to add 30,000 mw of power from renewable energy sources during the 12th Plan period (2012-17) and of which 15,000 mw of power is to come from wind sector. As per current government estimates and targets, renewable energy is expected to account for 16-17 per cent of total power capacity in the country by the end of 12th Plan. B F Utilities Ltd's windmill projects are performing satisfactorily during the year.
(iv) Since, the company is into infrastructure development any cut in the repo rate by the RBI, will have sentimental effect on the share price of the company. Name of Subsidiaries:
a. The company holds 74.52% in Nandi Infrastructure Corridor Enterprises Limited India as of 31/3/2012 b. The company holds 48.27% inNandi Economic Corridor Enterprises Limited India as of 31/3/2012 c. The company holds 69.53% inNandi Highway Developers Limited India 69.53% as of 31/3/2012.
Looking from all angles, I feel the stock has the chance to go to Rs.450, in the medium term.