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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...
Four held with gold worth over Rs 1.50 cr at airport
Press Trust of India  |  New Delhi  January 28, 2014 
Four people have been arrested for allegedly trying to smuggle into the country gold bars valuing over Rs 1.50 crore at the airport here, customs officials said. 

The accused were intercepted by customs officials upon their arrival on January 23 from different international and domestic flights-- one from Bangkok and three from Hyderabad, Mumbai and Amritsar respectively. 

One of the accused had hidden 600 gms of gold in his mobile while another passenger wad hidden it in his innerwear. Rest were hiding gold in their baggage being carried out by them, the officials said. 

The accused were carrying ten gold bars collectively weighing about 6.2 kgs worth Rs 1.57 crore, they said. 

All the accused have been arrested and the gold bars have been seized. 

A man was arrested on January 19 for allegedly trying to smuggle in the country gold valued at about Rs 32 lakh at the Indira Gandhi International Airport (IGIA) here. 

On January 13, three persons were arrested for allegedly trying to smuggle gold valued at about Rs 75 lakh at the airport. 

The trio, who hail from Kerala, were intercepted by customs officials upon their arrival from Dubai. 

They had concealed three kilograms of gold inside the aluminium strips of their checked-in bags. 

On January 7, three persons, including a man and his daughter, were arrested at the airport with gold bars valued at over Rs two crore. 

The customs officials had recovered 9 gold bars of one kg each and collectively valued at Rs 2.2 crore from these three passengers, customs officials had said. 

Another man was arrested from the airport on January 4 for allegedly trying to smuggle 1.2 kg of gold bars worth about Rs 28.77 lakh. 

The accused, a native of Ghaziabad, was intercepted by customs officers after his arrival from Bangkok.

Courtesy: The Business Standard

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