Praj Industries which was my recommendation from almost 6 months finally saw sunshine this week , they have a formed a JVC Praj Jaragua Bioenergia S.A., will supply end-to-end solutions for sugarcane juice to ethanol production. Praj Industries will hold 54% in the JVC while Jaragua will hold the balance 46%. Jaragua is a leading Brazilian engineering major and the JVC will provide Praj an entry into the fastest growing ethanol market in the world.One can buy this stock even at this level.
P.S i Hold 75 shares of Praj
Deccan Chronicle Holdings Ltd has approved the following:
1. Buy back of equity shares
The proposal for buy back of equity shares of the Company up to a maximum of Rs 250 crores (Rs 2500 Million) and up to a maximum price of Rs 250 per share out of the free reserves of the Company after obtaining the necessary approvals from shareholders and satisfying other statutory requirements.
KLG Systel Ltd has been awarded a contract for implementation of their software Vidushi and Automatic Meter reading (AMR) / Advanced metering Infrastructure (AMI) System i.e. SG 61 for Rs 75 Crores by a power distribution utility in India. Duration is 12 months and maintained for 5 years.
Vijay Shanthi Builders Ltd has informed the market yesterday that the Company entered in to agreement for new project venture valued about 135 Crores.The stock was up by 10 rs after that.
Praj Industries Ltd has been involved in promotion of emerging energy
crops like sweet sorghum for ethanol production and Jatropha for biodiesel production in India and abroad. The Department of Agriculture, Philippines has signed a Memorandum of Association (MOA) with the Company to promote energy crops and technology for biofuels
production in Philippines. At home, the Company recently contracted an order from Tata Chemicals for setting up their first sweet sorghum to ethanol plant.Its known that Praj Industries manufactures equipments for the Production of Ethanaol , it can bag lot of projects through this measure.
Areva T&D India Ltd has announced that AREVA Transmission & Distribution (T&D) India has bagged its first Turnkey AIS Sub Station contract from ESSAR Steel Ltd at a value of 630 MINR.
secondly it has bagged project worth 33 crore from Maharashtra State Electricity Transmission Co. Ltd. (MSETCL) for its first Gas Insulated Switchgear (GIS) complete turnkey solutions .
Solar Explosives Ltd has received Letter of Intent from Coal India Ltd for Rs 1116.34 Million towards supply of Bulk Explosives through Company’s fully owned subsidiary Solar Capitals Ltd, the frequency of execution is 1 year.
Apar Industries Ltd has bagged large Export Orders for Aluminium Conductors which is used for power transmission lines from giant Trunk-Key Operators based in North Africa and Kazakhstan for its Conductor division aggregating to Rs 111.50 crores.
Everest Kanto Cylinder Ltd on April 25, 2007 has announced that the group has bagged exports orders worth Rs 220 crore for the supply of specialized cylinders.
Jubilant Organosys Ltd , India’s largest Custom Research and Manufacturing Services (CRAMS) Company, has recently added annual contracts worth US $60 million to its Order book.
These contracts, which form part of the Company’s order book for the calendar year 2007, have been finalized with some of the leading global life sciences Companies. A substantial portion of these contracts - $US 54 million is attributable to the regulated markets of USA and Europe, which have been the focus area of growth for the Company. In addition to these annual contracts, the Company as part of its normal business also executes half yearly, quarterly and monthly contracts and spot sales.
MRO TEK Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 30, 2007, inter alia, to consider, buy - back of Company’s equity shares, at prevailing market rates, through stock exchange mechanism.
Stone India Ltd has announced that the Company has received an initial order for supply of 100 sets of Wagon Air Brake System to a renowned Chinese Wagon Builder. The order is valued at Rs 8.5 million. The Company has been able to procure this order competing against reputed European manufacturer of the product.
Karur KCP Packagings that it has received orders from existing customers in cement sector, and from Paper Industries for supply of packing materials for the month of March 2007 for a total value of Rs 18.42 crore.
PSL Ltd on March 13, 2007 has bagged an order worth US$ 21 million for the gas field known as KG-DNN-98/3, within the K.G.Basin, Bay of Bengal, off the east coast of India.
Compulink Systems Ltd has announced that the Company has acquired new customers for its products in US and UK markets. The agreements with PI Shurlok Ltd of Cambridge UK and Northeastern University of Boston, USA were signed recently.
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