What was sent in the Sunday Report to the Paid Groups on XL Telecom and Energy Ltd:

Those who are holding XL Telecom and Energy Ltd can average at the current price, as the company seems to be recovering from the global slowdown. It is..........new rules in Spain. However, the company is looking at opportunities in other parts of Europe and we could soon hear about a large order [AND YESTERDAY IT SAID IT WON A HUGE ORDER of Rs. 235 millions for supply of Solar Photovoltaic Power Systems to Bharat Sand Nigam Limited or BSNL]. Moreover, its mega project is expected to be completed any time from now and hence what I feel is that bad days are over for the company. Those who ........should keep averaging so that the average price comes around Rs.XXX which seems to be the safe price for the scrip. The company though came out with loss in Q2FY10, but the results were much better speaking sequentially. Please do not go by what some peoples are saying about this company—they have no idea what they are speaking.These people are basically re-sellers of others’ Paid Services, at discounted rates.

XL Telecom & Energy Ltd meanwhile informed BSE that the Company had made a proposal to Corporate Debt Restructuring Cell (CDR Cell) for restructuring of the credit facilities. The CDR Cell at its meeting held on October 23, 2009 admitted the proposal for restructuring. The final terms of the restructuring package are being worked out and will be put up to the CDR Cell for final clearance. I am expecting the stock to cross at least Rs.XX in the next 2 months time frame. One big order from the Europe would set the stock rolling high.

I have talked with the sources, after such disturbing news coming in one of Yahoo Groups and they have expressed optimism that the crisis would be solved probably within in the 6 months time frame.

New development: XL Telecom & Energy Ltd has submitted to BSE a copy of the Press Release issued in respect of receipt of order valued worth Rs. 235 millions for supply of Solar Photovoltaic Power Systems to Bharat Sand Nigam Limited (BSNL).