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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence  Small-Cap Steel · Capacity Expansion Story Vraj Iron & Steel at ₹126: A Small Mill Building a Much Bigger Ambition Trading close to book value, backed by a near debt-free balance sheet, and sitting on a freshly-approved ₹450 crore greenfield project in Bastar — Vraj is one of the few micro-caps where the next two years' capacity roadmap is already on paper. India's steel story runs through its infrastructure spend, and Vraj Iron & Steel Ltd (₹126) sits right inside that value chain. At around ₹126, the stock trades close to its book value of roughly ₹125-130 a share, at an earnings multiple near 12x. That is not an expensive tag for a company that has just commissioned new capacity, approved a new rolling mill, and greenlit a large greenfield expansion — all inside the last six months. The bigger story here is not what Vraj ear...
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Manappuram moves to new corporate office
Kochi, Aug. 23:  Manappuram Finance, one of the leading gold-loan companies in the country, has a new corporate office.

On Friday, Maharashtra Governor K. Sankaranaryanan, formally opened the new corporate office at Valapad in Thrissur district. He noted that just because the value of the rupee has gone down recently the Indian economy would not collapse as some doomsday predictions had made out to be.
He recalled that while hundreds of banks in the US and Europe had folded up in the wake of the global economic slowdown, none of the banks in India had closed, signalling the strength of the country’s banking system as well as of the economy.

V.P. Nandakumar, managing director and chief executive officer of the company, recalled that Manappuram Finance had its humble beginnings at the village of Valapad.

Courtesy: The Hindu Business Line

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