Jai Balaji Industries Ltd
Cmp:182 NSE : JAI BALAJI
Book value: 142.00 eps : 8.96
1)The company is going to be a 20000-25000crs turnover company by 2014-15.It ended fy09-10 with a sales of around 1900crs.Well its actually hard to digest the humangous guidance given by the management.
2)The company stunned everyone by announcing a mega investment of 16000crs within the next few years.Aggresiveness at its height isnt it?Its marketcap is a mere 1100crs but who dares,wins-Proverb should get vindicated.Also just check how he is swallowing his shares from the open market.It gives immense confidence and conviction.
http://www.bseindia.com/
3)Jai Balaji, at present is an integrated 1.2 million tpa steel manufacturer.It expects to add 2 million TPA in another 26 months (first phase) and another 5 million TPA in the following 24 months (5 million tonnes steel, 3 million tonnes cement and 1,215 MW power plant in Purulia, for Rs 16,000 crore).So Jai balaji is going to be a 8 million TPA company by 2014-15.At that time it should be the 4th or 5th largest integrated steel company of india with revenues of 20000-25000crs.
Purulia project Phase 1A financial closure recently completed which is a huge positive.Purulia project is one of the largest steel projects in India (5m mtpa steel,1,200MW power), with 100% thermal coal integration, to be executed in modulesCmp:182 NSE : JAI BALAJI
Book value: 142.00 eps : 8.96
1)The company is going to be a 20000-25000crs turnover company by 2014-15.It ended fy09-10 with a sales of around 1900crs.Well its actually hard to digest the humangous guidance given by the management.
2)The company stunned everyone by announcing a mega investment of 16000crs within the next few years.Aggresiveness at its height isnt it?Its marketcap is a mere 1100crs but who dares,wins-Proverb should get vindicated.Also just check how he is swallowing his shares from the open market.It gives immense confidence and conviction.
http://www.bseindia.com/
3)Jai Balaji, at present is an integrated 1.2 million tpa steel manufacturer.It expects to add 2 million TPA in another 26 months (first phase) and another 5 million TPA in the following 24 months (5 million tonnes steel, 3 million tonnes cement and 1,215 MW power plant in Purulia, for Rs 16,000 crore).So Jai balaji is going to be a 8 million TPA company by 2014-15.At that time it should be the 4th or 5th largest integrated steel company of india with revenues of 20000-25000crs.
to address funding issues. Phase 1A of this project entails capex of Rs 18.7bn and
comprises of 2m mtpa beneficiation, 1.2m mtpa pallet, 0.66m mtpa sponge iron,
70MW power and 0.3m mtpa EAF. The company recently announced financial
closure for this phase 1A - Rs12.3bn debt by SBI-led consortium and balance
Rs6.4bn through internal accruals/fresh equity.
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