Subhash Projects and Marketing

sensex to cross 17000 after nuke deal and inflation cooling down..crude falling..

Posted by : Guest
Price when posted : BSE: Rs 147.65 ( -1.01 % ), NSE: Rs. 148.55 ( 0.13 % )

View full thread (1 messages)

Tracked by: 0 Boarder

Why sensex was down from 21000 to 17000 and 17000 to 12500? it was gov. instability--which has now no exists, Nuke deal uncertainity---will clear in 2 day. crude price--fallen much below 110 $ and inflation..which is cooling down..so grab opportunity..

and only one power realted stock which is near 52 week low SUBHASH PROJECTS...with P/E only 10....

BSE Announcements on Subhash Project

Posted by : MMB Messenger
Price when posted : [Subhash Project - BSE:Rs. 149.85 NSE:Rs. 150.00 when posted]

View full thread (1 messages)

Tracked by: 0 Boarder

Subhash Projects & Marketing Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 29, 2008 to September 30, 2008 (both days inclusive) for the purpose of payment of dividend & Annual General Meeting (AGM) of the Company to be held on September 30, 2008....

NSE Announcements on Subhash Project

Posted by : MMB Messenger
Price when posted : [Subhash Project - BSE:Rs. 152.50 NSE:Rs. 152.00 when posted]

View full thread (1 messages)

Tracked by: 0 Boarder

Subhash Projects & Marketing Ltd has informed the Exchange that the Board of Directors of the Company in its Meeting held on June 30, 2008 decided that the Register of Members and Share Transfer Books of the Company will remain closed from September 29, 2008 to September 30, 2008 (both days inclusive) for the purpose of forthcoming Annual General Meeting of the Company to be held on September 30, 2008 and consideration of payment of dividend for the year 2007-08....

Why Going Down ?

Posted by : bhojas
Price when posted : BSE: Rs 153.70 ( -0.97 % ), NSE: Rs. 154.00 ( -1.00 % )

View full thread (2 messages)

Tracked by: 0 Boarder

I fully agree to you. To me looks like there is someone pushing it down from 200 levels and later would grab a major chunk. Same is the case with Sical logistics.

-manish...

In reply to:

Why Going Down ?

Posted by : santoshkanjani

Almost 75 percent equity with promoters why is this stock going down everyday and making new lows? As per nos this should be grabbed immidiately but poor market conditions are preventing to do so. Long time invester shouldn't loose this opportunity.

Why Going Down ?

Posted by : santoshkanjani
Price when posted : BSE: Rs 157.50 ( -0.54 % ), NSE: Rs. 158.35 ( 0.00 % )

View full thread (2 messages)

Tracked by: 0 Boarder

Almost 75 percent equity with promoters why is this stock going down everyday and making new lows? As per nos this should be grabbed immidiately but poor market conditions are preventing to do so. Long time invester shouldn't loose this opportunity....

News Update

Posted by : bhojas
Price when posted : BSE: Rs 159.00 ( -3.78 % ), NSE: Rs. 159.95 ( -3.38 % )

View full thread (1 messages)

Tracked by: 0 Boarder

Indian firms to buy 83% stake in Indonesian coal mine (August 19th 2008)

Subhash Projects, Emco Ltd will jointly pick up 83% stake for Rs300 cr in PT Bism mine, which has reserves of 105mt
P.Manoj
Bangalore: Engineering firm Subhash Projects and Marketing Ltd and power equipment maker Emco Ltd have agreed to jointly buy 83% of Indonesian coal mine PT Bism for about Rs300 crore, joining Indian firms trying to secure fuel supplies by buying assets abroad.
New acquisitions: Anil Sethi, chairman of Subhash Projects.
“We are jointly taking an 83% stake in PT Bism by acquiring shares from local owners. The deal will be closed in a month,” said Anil Sethi, chairman of Subhash Projects, adding the mine has reserves of about 105 million tonnes (mt).
Subhash Projects will buy equity in the mine through its group company Subhash Kabini Power Corp. Ltd, which owns and operates the Kabini dam hydropower project in Karnataka.
Emco, too, has started power generation operations and is setting up a Rs1,100 crore, 270 MW coal-based power project near Nagpur.
Subhash Projects and Emco, India’s third largest maker of power transformers, will fund the share purchase through a mix of existing funds and debt, Sethi said.
Coal from the mine would initially be sold to Indian customers until the group sets up its own 2,200MW coal-based power plant on the country’s eastern coast.
The location of the plant is yet to be identified.
The project will mark Subhash Projects’ entry into the business of developing coal-based power plants. The group is already executing several small hydel power plants apart from constructing roads and water supply projects in several states.
Tata Power Co. Ltd, Adani Power Ltd, Reliance Power Ltd, GMR Group and ship owner Mercator Lines Ltd have acquired coal mines overseaas.
“We are also looking for a captive port on the eastern coast either in Andhra Pradesh or Orissa to import coal from Indonesia because this would be ideal from a logistic point of view,” Sethi said.
Subhash Projects is developing a Rs2,800 crore port with capacity of 25mt a year in Puducherry through an equal joint venture with Delhi-based Om Metals Infraprojects Ltd.
The port is being developed to handle clean cargo such as containers and liquids, mainly edible oils, and cannot be used to import coal.
The port will become operational in 2012 with capacity to handle 2.65 million standard cargo containers and 200,000 tonnes of edible oils a year, said Jayakumar, chief executive officer of Pondicherry Port Ltd, who uses only one name.
Pondicherry Port is the joint venture company formed by Subhash Projects and Om Metals to develop and operate the new port.

-manish...