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MAY BE BUE TO THIS AGITATION SOME GOOD THING COMES OUT
Posted by :
abhaytiwie debate on issue will make sugar industry and farmer happey and may be uniform price structure for country as a whole comes out let hope this time this will happen...
BSE Announcements on Bajaj Hind
Posted by : MMB MessengerBajaj Hindusthan Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the Company will be held on December 16, 2009. ...
Bajaj Hindusthan - The soaring INFOSYS of Indian Sugar Industries
Posted by : GuestThe scrip of Bajaj Hindusthan is all set to scale new heights, after its consolidation in the Rs 222 - 225 zone, just now. Earlier, this consolidation was in Rs 195 - 205 zone, which was surpassed in a swift manner, taking the stock to above Rs 140 level, just 20 days back. Now, the 2nd consolidation is over at around Rs 225 zone, and it will take this stock to Rs 265+ level, very shortly. The next 1 week are going to be very crucial, as many companies are likely to announce their results, like Balrampur Chini (25th), Shree Renuka Sugars (20th), etc, which is going to be very very impressive. In case of Sakthi Sugars, whose result was announced recently, the PAT for the Quarter Sept, 2009 ; has zoomed by about 400%. The co, Bajaj Hindusthan`s performance is going to be still better, Kyonki Sher akhir sher hi rahega... Apart from the huge profit due to 100% appreciation of sugar prices in the last 1 year, this sugar company is also going to be handsomely benefitted due to the UP govt`s 30% increase in the power produced by co-gen, based on sugarcane `Bagasse` (aam ke aam , guthliyon ke daam), which will enable this co, to produce power all the 12 months, using coal also. Last year, it sold about 80 crores of co-gen power produced, this time it may increase to Rs 135 crore level, further boosting its profits. The scrip of Bajaj Hindusthan, keeping all these factors in mind, is all set to scale to Rs 165 + level in the next few days. Therefore, grab it at the current levels to have sweet, sugary benefits...Its almost sure shot, without any downside risk. Best of wishes...
NSE Announcements on Bajaj Hind
Posted by : MMB MessengerBajaj Hindusthan Ltd has submitted to the Exchange a copy of the Notice of the Extraordinary General Meeting of the shareholders scheduled to be held on December 16, 2009 for obtaining the requisite approval under Section 81(1A) of the Companies Act, 1956 for further issue of Equity Shares and / or other securities convertible into or having underlying rights for Equity Shares of the Company upto an amount of Rs.2000 crores in domestic / international markets. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
POWER AHEAD :BUT ALSO LOOK FOR CARBON CREDIT
Posted by : abhaytiw
BEST THING THEY DONE BY ENTERING BIG WAY IN POWER
BUT ALSO LOOK FOR CRBON CREDIT IE THEY SELL LAST YEAR 80CR OF ELECTRICITY WHICH THEY PRODUCE BY COGENERATION PLANT
CARDON CREDIT WILL GIVE BIG BOOST TO EPS GOOING FORWARD
MAY BE AFTER SOME TIME THIS NEWS WILL COME...
RENUKA BEST AT THIS POINT OF TIME
Posted by : abhaytiw
DUE TO SUGARCANE POLITICS IN UP BHL AND OTHER SUGAR MILL HERE TO CONSOLIDATE
BUT DUE TO THIS UNCERTAIN CONDITION IN UP RENUKA IS BEST SUGAR PLAY...
NOW IN BHL RISK OF DOWNSIDE IS LESS AND RESUME MOVING UP IN 1 OR 2 DAY
Posted by : abhaytiw
Political Bureau,The Economic Times, 16th Nov, 2009
NEW DELHI :THE farmers’ protests in Uttar Pradesh over the sugarcane purchase price fixed under the Centre’s new Fair and Remunerative Price (FRP) ordinance has put Congress in a bind. The matter has become a rallying point for all opposition parties in the BSPruled state, forcing Congress to devise ways to get round the Centre’s order.
It is evident that the party, which wants to make the best of the momentum provided by its recent victory in the Ferozabad parliamentary bypoll, has been forced to play on the backfoot on the issue of cane pricing. AICC general secretary Digvijay Singh, who met agriculture minister Sharad Pawar last week along with Congress UP chief Rita Bahuguna Joshi, told ET that it was a “misconception created by opposition parties” that the government had formulated a policy which would entail the sugar mills paying the farmers a paltry Rs 129.85/quintal for cane, as set out under the FRP system. He described this amount as merely the “floor price” and said the farmers would get much more. The party has directed its district-level functionaries to hold talks with mill owners to negotiate a better purchase price for sugarcane, Mr Singh said.
With the farmers refusing to budge from their demand of Rs 280/quintal, the Centre has been left with little recourse but to intervene. Mr Pawar’s entreaties to mill owners and farmers to resolve the matter at the earliest have yielded little result. Though the mills have now agreed to pay Rs 180/quintal, the farmers are not ready to back down.
Many farmers’ groups are now all set to bring their protests to the Capital under the aegis of the Bharatiya Kisan Union (BKU) of Mahendra Singh Tikait. The matter is likely to continue embarrassing Congress in UP as the issue is also likely to be brought up in the upcoming winter session of Parliament by parties such as SP and BJP, not to mention BSP which has opposed the FRP on the ground that it requires the state government to bear the difference between the Centre’s price and the State Advisory Price (SAP).
On Sunday, RJD too joined in the protests. It threatened to withdraw support from the UPA government if the Centre failed to ensure “adequate prices for sugarcane” in UP. RJD general secretary Ashok Singh alleged that Centre was working against the interests of farmers.
BKU’s Rakesh Tikait said as the policy adversely affected the cane farmers across the state, it would soon take a bigger shape. “We have to get united against the sugarcane pricing policy of the Central and the state governments,” Mr Tikait told agencies recently. Ajit Singh’s RLD, which is strong in the Jat-dominated Western UP belt, has also been at the forefront of the protests.
Even SAP, which is usually higher that the price fixed by the Centre and sets the bar for the minimum price to be paid to farmers by the mill, is not fair to the farmers, they say. Even states like Maharashtra, which usually pays less than UP for cane, is now paying Rs 200/quintal
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BAJAJ HINDUSTAN
Posted by :
insight95in
Any decline to buy...today support are 220 and resistance 233 Weekly Trend Decider 206
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EXECUATION OF 400MWATT IS VERY FAST DUE TO SOME TECHNICAL REASON
Posted by : abhaytiw
1: BELOW 500 MWATT ONLY STATE GOVT CLEARENCE NEEDED
2:LAND AQUATION NO PROBLEM THEY ALREADY HAVE
3:AT THE END OF SUGAR CYCLE THEY HAVE AROUND 500MWATT POWER PLANT IE 18 MONTH TIME...
Sell Bajaj Auto Finance NCD
Posted by : GuestOne or two small investors are looking to be buying Bajaj Auto NCD from NSE.Its seems to be a great opportunity for all investors of NCD to exit now at price closer to Rs 490.Recently company bought same NCD around Rs 425 levels but now someone is expected to buy around Rs 490 levels.Let`s hope it gives a good opportunity to all of those who are stuck in these NCD from last 3 years....
Heading
Posted by : abhaytiw
SUGAR COMPANY HAS PAST EXP OF POWER BUSNESS
LAST FISCAL THAY SOLD APPROX 80CR OF POWER
NOW 30% RATE HIKE BY GOVT AND THEY USE EXISTING COGENERATION PLANT WHOLE YEAR IE WITH COAL SO THEY RUN POWER PLANT WHOLE YEAR PAST THEY USE ONLY 135 DAY AVG
SO I THINK TO PUT 400MWATT POWER PLANT AND COAL MINE AQUAGIATION IN FUTURE IS RIGHT STEP FORWARD
ONE IMPORTANT THING THIS POWER PLANT OPERATIONAL IN 18 MONTH IE IF SUGAR CYCLE CHANGE THAN THIS POWER BUSNESS GIVE GOOD STABILITY
NOW BALRAMPUR CHINI LOOK FOR ANOTHER BUYER AT THE END BAJAJHIND HAS DONE RIGHT THING...
BAJAJHIND FOLLOWING PATH OF JINDAL ST AND POWER AND STERLITE
Posted by : abhaytiw
VERY GOOD STEP FORWARD WHICH GIVE STADILITY IN DOWN CYCLE OF SUGAR,AND THEY ALREADY DEAL IN POWER TO CLEAR PAPER WORK NO PROBLEM 18 MONTH THEY GET OPERATIONAL 400MWATT PLANT IN UP
VERY GOOD NEWS ...
ONE OF BEST NEWS I WANT TO HEARE OTHER THAN BALRAMPUR CHINI BUY
Posted by : abhaytiwONE OF BEST POLICY DICISION TO SET UP 400MWATT POWER PLANT...
Bajaj Hind approves fund raising
Posted by : pms.swastika
Bajaj Hind approves fund raising
Bajaj Hind approves fund raising upto Rs. 2000 Crs.
Regards
Swastika PMS...
bajaj hind
Posted by : mitsteriowat made u say 450? give some explanation?...
