Swan Energy Ltd
cmp:59
Code:503310
Earlier know as a Swan Mills Ltd., it was a sick unit that was taken over byDave Group in 1990. In the 3 years period, the company made heavy losses to the tune of INR 920mn. Later on in 1992, the company was been referred to the BIFR (Board for Industrial & Finance Reconstruction) for revival, which was only for its spinning units. As per the BIFR Package, the company disposed excess land owned by it on a commercial basis, which helped it to achieved a turnaround by posting a profit in 1993-94. With funds available through land sale, the company carried out a modernisation programme, where it started to supply its textiles products to big retailers in Europe like Marks & Spencers & also diversified into manufacturing of cuprammoniam rayon yarn by setting up Vini Rayon Industries, a joint venture with the Gujarat Industrial & Investment Corporation. Later on in Dec 95, BIFR declared the company no longer as a sick unit & thus discharged it from its purview. SEL business usually includes three segments namely which includes Energy, Textile & Real Estate Segments. SEL has entered into an agreement with GPPC at INR 3810mn for 49% stake, where GPPC along with its shareholders have agreed to assign 70% of the Carbon Emission Receipts (CER) that will be generated from GPPC's upcoming Pipavav project, while it will be able to rake in about INR 7-8bn from carbon credits alone in a period of ten years.The company is also setting up a textile unit in Ahmedabad,Gujarat & has acquired land in Goa, for which development is to be operational soon.The company ended fy11 with sales of 400crs and profits of 44crs respectively.The company at present price of 59rs attracts a marketcap of 568crs.Altogether a company to watch out for.
cmp:59
Code:503310
Earlier know as a Swan Mills Ltd., it was a sick unit that was taken over byDave Group in 1990. In the 3 years period, the company made heavy losses to the tune of INR 920mn. Later on in 1992, the company was been referred to the BIFR (Board for Industrial & Finance Reconstruction) for revival, which was only for its spinning units. As per the BIFR Package, the company disposed excess land owned by it on a commercial basis, which helped it to achieved a turnaround by posting a profit in 1993-94. With funds available through land sale, the company carried out a modernisation programme, where it started to supply its textiles products to big retailers in Europe like Marks & Spencers & also diversified into manufacturing of cuprammoniam rayon yarn by setting up Vini Rayon Industries, a joint venture with the Gujarat Industrial & Investment Corporation. Later on in Dec 95, BIFR declared the company no longer as a sick unit & thus discharged it from its purview. SEL business usually includes three segments namely which includes Energy, Textile & Real Estate Segments. SEL has entered into an agreement with GPPC at INR 3810mn for 49% stake, where GPPC along with its shareholders have agreed to assign 70% of the Carbon Emission Receipts (CER) that will be generated from GPPC's upcoming Pipavav project, while it will be able to rake in about INR 7-8bn from carbon credits alone in a period of ten years.The company is also setting up a textile unit in Ahmedabad,Gujarat & has acquired land in Goa, for which development is to be operational soon.The company ended fy11 with sales of 400crs and profits of 44crs respectively.The company at present price of 59rs attracts a marketcap of 568crs.Altogether a company to watch out for.
Nice blog with awesome content and also updated
ReplyDeleteIf Your new in New delhi India And thinking Where to stay in india???
Then visit us to find the answer of Where to stay in New Delhi India??
if you want to trading in stock & share market so plzz visit.Stock Trading Tips
ReplyDeleteThe Nifty has tested the 5,000 mark today. According to our expert, bulls can stay calm until the Nifty holds 4,800. "At the moment, 4,910 should be the stop, if you are long on the Nifty".
ReplyDeleteCommodity Tips Free Trial
BSE index: 17331 a closest essential assistance. Upwards part 17471 & 17532 essential problems. Cross-over above 17532 it'll spurt up to 17634-17651.
ReplyDeleteMCX Tips Free Trial