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" in the hands of "UP ka Beta", will invariably bring Shame to the Biharis and Jharkhandis. So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar. This might also probaly 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 and make her the 2nd Female President of India.

All the best to Dr.Meira Kumar...



Tuesday, November 19, 2013

IVRCL Ltd: Channel Break-out Expected

The Infrastructure firm IVRCL Ltd (Rs.14), is selling its Chennai seawater desalination plant and Jalandhar-Amritsar road project as part of its second round of asset sales to trim debt.

IVRCL holds a 75% stake in Chennai Water Desalination Ltd (CWDL), which invested around Rs.600 crore to set up a 100 million litres a day seawater desalination plant in Chennai on a build, own, operate and transfer (BOOT) basis for 25 years.

The other 25% stake is held by Spanish partner Befesa Agua, which brought in the technology to purify sea water and convert it into potable water. IVRCL invested about Rs240 crore as equity, raising the balance money through debt.

Earlier in April, 2013, IVRCL signed an agreement to sell three build, operate, transfer (BOT) road projects in Tamil Nadu to TRIL Roads Pvt. Ltd, a Tata group company, for around Rs.2,200 crore. The projects were: Salem Tollways Ltd, Kumarapalayam Tollways Ltd and IVRCL Chengapalli Tollways Ltd. The sale helped the company free Rs.450-500 crore in cash, and wipe off debt worth Rs.1,100 crore from the balance sheet.

On 5th November, 2013, Mr.SP Tulsian of sptulsian.com told CNBC-TV18 that, "One should really look to the assets like IVRCL Ltd and NCC Ltd where it has the BOT projects. It does not have much debt. It has a order book of Rs.25,000-30,000 crore, but is really serious in monetizing their road projects. Once one has that deal happening that will give them about Rs.1,000 crore plus which will be seen really very positive".

As of 27th September, 2013, IVRCL Ltd has a total order book of Rs.25,000 crore. Of this, it has new orders worth Rs.8,000-9,000 crore.