Discrimination faced by Mumbaikars...

If the housing societies in Mumbai (Bombay) are only meant for families (married couples), then the government of Maharashtra should make marriage compulsory in the state/city.
Or else the government should tell its citizens where will Unmarried, Divorcees, Bachelors, Spinsters live in the city of skyscrapers or is Bombay only for those who have families.
This is one of the greatest mental blocks of Mumbaikars, who otherwise want to bask in the FALSE HALO of Cosmopolitanism.
This disease (of not giving apartments to Bachelors, Muslims, etc on rent) is specially prevalent in housing societies where the Gujaratis, Marathis and North Indians (to some extent) abound; while the rest of the population is more or less okay with the concept.
The government of Maharashtra should take this matter seriously and devise laws to eradicate this malice ASAP, so that BOMBAY (and its suburbs) becomes free of discrimination based on Marital Status, Religion, etc. Or else the Honourable Supreme Court of India should step in, and give directions to the state or central governments -- so that the fundamental rights of its citizens enshrined in the constitution of India is not violated.

Sunday, June 08, 2014

Shriram EPC Ltd: On the verge of a break-out
Shriram EPC Ltd (Rs.35.75), the flagship company of the Shriram EPC Group is a part of the US$ 9 billion Shriram Group which has diverse interests across Financial Services, IT Services, Project Engineering & Construction, Property Development, Life & General Insurance and Infrastructure. 

A US$ 240 million company, Shriram EPC is the engineering arm of the Shriram Group and provides end-to-end solutions to engineering challenges offering multi disciplinary design, engineering, procurement, construction and project management services. SEPC is focused on providing turnkey solutions in the following Business Segments:
  • Process & Metallurgy
  • Power
  • Water Infrastructure
  • Mining & Mineral Processing
Company Snapshot
  • Incorporated in 2000 with headquarters in Chennai
  • High-end engineering services company providing EPC & Turnkey solutions
  • Manpower & Infrastructure
  • 680 employees
  • 520 engineers & technical staff
  • Offices in Kolkata & Delhi
  • Overseas offices at Beijing & Sharjah
  • Turnover of over Rs.1705 crores (15 months) for FY 12-13.
  • During the year FY13, the authorized share capital of the Company has been increased from 65,000,000 Equity shares of Rs.10 each and 20,000,000 preference shares of Rs. 100 each to 85,000,000 equity shares of Rs. 10 each and 30,000,000 preference shares of Rs.100 each. The Company has also issued 30,000,000 Cumulative Redeemable Preference Shares of Rs.100 each to Shriram Industrial Holdings Limited (Promoter Company).
  • Though the Company had obtained its Shareholders' approval through Postal Ballot on 21 August 2008, for transfer of 250 KW Wind Turbine Business to its erstwhile Joint Venture, Leitwind Shriram Manufacturing Limited ( LSML ) with effect from 1st April, 2008, the Company would continue to sell the 250 KW Wind Turbines till the time LSML obtains all statutory approvals to manufacture and sell the same.
  • The Company operates in three segments i.e., Contracts, Windmill and Trading. When the shares of some of the wind energy companies like Suzlon Energy Ltd (Rs.31.30) and Indowind Energy Ltd (Rs.6.47) are flying high there is no reason why this stock should not shoot up in the coming days. Also, another company, which is into textiles, but has wind power (It has also got 80 windmills, which generate about 30 megawatt of power), Shiva Texyarn Ltd (Rs.33) has already started to move up. 
  • According to NDTV Profit, 22nd May, 2014: "The incoming government led by Narendra Modi is likely to harness solar power and give a fillip to development of offshore wind energy so as to provide electricity to every household in the near future, industry officials said on Thursday. Expanding clean power generation will be the Modi administration's top energy-related priority, especially solar and wind energy, because it has the potential to create jobs and supply power to millions of scattered households not connected to the grid.About 400 million people in India lack access to electricity, more than the combined population of the US and Canada". 
  • Therefore, in all probability the shares of the company are likely to touch Rs.50-51, in the coming days. 
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