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.

Saturday, April 11, 2015

Jaiprakash Power Ventures Ltd: Buy in Bulk
CMP: Rs.10.65
You must be aware that Jaiprakash Power Ventures Ltd is selling some of its plants to bring its debt to some manageable levels. JSW Energy Ltd will acquire (100 per cent stake) two hydro-electric projects of Jaiprakash Power Ventures in Himachal Pradesh for about Rs.9,700 crore.

Earlier, Sanjay Sagar, joint managing director & chief executive officer,  JSW Energy Ltd said that the company’s deal with  JP Power will be completed by March 31 or early April  (2015)--this was their timetable. This means we are just near the final lap of this crucial deal. Meanwhile, the Competition Commission of India (CCI) approved the sale of two of Jaiprakash Power Venture Ltd’s hydropower assets to JSW Energy Ltd in February, 2015. JSW Energy Ltd had approached anti-trust regulator seeking clearance to complete the Rs.9,700 crore deal with Jaiprakash Power Ventures Ltd (JPVL). Debt for Jaiprakash Power Ventures stood at Rs.17,888 crore at the end of the September quarter.

The stock continues to be a buy on dips, as there are large upsides from interest rates in longer time frame. 

JPVL acquired Bina Power Supply Company Limited (BPSCL) from Aditya Birla Group. BPSCL was set up by the Aditya Birla Group to set up a coal fired Thermal Power Plant at Bina in the state of Madhya Pradesh.

Commissioning:

  • Unit 1 commissioned in August, 2012
  • Unit 2 commissioned in April, 2013

Besides, Jaypee Nigrie Super Thermal Power Project comprising 2 x 660 MW Super-critical Unit is likely to be the only plant to make reasonable ROE for JPVL. 

The investors should therefore, do well to buy the scrip of the company at the CMP of Rs.10.65 (Book Value: Rs.21.54 and Market Cap: Rs.3,137.79 Cr) and wait for its to close above Rs.15.50, for some scintillating returns going forward. 
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