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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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Gold woth Rs 10cr seized from cargo of private airliner
Chennai, Jan 28, 2014: Twenty-seven kgs of gold concealed in cell phones was seized by officials of the Directorate of Revenue Intelligence from the cargo of a private airliner on Tuesday.

The gold is valued at around Rs 10 crore. Airport sources said the DRI officials made the seizure from the cargo of a private airliner, where the yellow metal was concealed inside cell phones that were packed inside many boxes.

Investigations about the sender and recipients were on, the sources said, adding, the consignment arrived from Hong Kong.

Courtesy:  The Times of India

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