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.

Tuesday, April 21, 2015

Rolta India Ltd: Beginning of Upmove
In February, the defence ministry selected a consortium of Bharat Electronics Ltd (BEL) and IT firm Rolta India as one of the two development agencies for the army’s Battlefield Management System (BMS), a project worth over Rs.50,000 crore. 

That was a big win for the low-profile public sector firm; the big ticket programme to provide a real-time command and control capability to fighting units is part of the defence procurement procedure’s `make’ category and will be one of the largest defence solutions to be manufactured locally.

Revenue from the much-talked-about Rs.50,000 crore battlefield management system (BMS) project, is estimated to materialize from 2017-18 (FY18).

Therefore, this order will be a game changer for the company. Besides, the scrip is one of the cheapest available out there — with FY16 price-earning multiple of mere seven. According to several analyst, with whom I spoke during the last few days, most are of the view that the stock of Rolta India Ltd, can easily cross Rs.200 mark in the coming six months, on the back of this news alone.

Besides, the company earlier announced that it has entered into an agreement with Hitachi India Pvt. Ltd. to address significant market opportunities in high growth business segments in India. The company in a release said that both companies will explore strategic business collaborations for infrastructure systems in large verticals, to offer comprehensive and seamlessly integrated solutions. 

Though the major trigger for this stock is the defense order however, Rolta Power Pvt. Ltd, a unit of Rolta Group has entered into the solar power sector. It has set up a 60 megawatt (MW) production line in Mumbai for solar photovoltaic (PV) modules and the plant has started production from September, 2014. The production line has been set up with an investment of around Rs.100 crore from the company’s internal accruals. Rolta Power expects revenue of about Rs.300 crore over the next 6-9 months from its solar PV operations. The company is testing the waters with the Mumbai unit and will expand capacity to almost 300MW in the next two to three years. The company might also consider getting into solar power production once it achieves that scale. Rolta Group is also banking on the Centre’s plan to increase investment in the clean energy industry. 

As part of this year’s budget, the government announced an investment of Rs.1,000 crore in so-called ultra mega solar power projects across the country. 

Meanwhile, K K Singh, CMD of Rolta India Ltd is confident of maintaining margin growth of around 35-36% backed by good traction seen in most of its products.

For the third quarter ended December 2014, the total income for the company was up 9% at Rs.966.8 Cr versus Rs.885.3 Cr quarter on quarter (Q-o-Q).  EBIDTA was up  6% at Rs.344.8 Cr versus Rs.325.1 Cr Q-o-Q. The EBIDTA margin came in at 35.7% versus 36.7% last quarter but net profit was  up 8% at Rs.76.56 Cr versus Rs.70.8 Cr quarter on quarter.
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