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BSE Announcements on Shriram EPC
Posted by :
MMB Messenger
Shriram EPC Ltd has informed BSE that the Board meeting held on July 30, 2009 the following items were discussed under the Other business taken up and approved at the Meeting with the permission of the Chairman.
"The Company has received a request from our subsidiary Shriram Leitwind Ltd (SLL) and Associate Leitner Shriram Manufacturing (LSML) along with the extract of the Board Resolution passed at their respective Board Meetings requesting us to accord our consent to their Scheme of Amalgamation and Merger of SLL with LSML from the Appointed date, i.e., April 01, 2009 and from the effective date as contained in the Scheme, subject to LSML and from the effective date as contained in the Scheme, subject to LSML and SLL obtaining all requisite statutory approvals.
The Board of Directors of our Company have accorded their approval for the Merger proposal of subsidiary, SLL merging with the Associate, LSML"....
Strong breakout
Posted by : prjayachandran
The share price has seen a strong breakout with almost seven times the average volumes.
Target of Rs.206 is possible in a month`s time at worst....
BSE Announcements on Shriram EPC
Posted by : MMB MessengerShriram EPC Ltd has informed BSE about the Financial Results for the Quarter ended June 30, 2009....
NSE Announcements on Shriram EPC
Posted by : MMB MessengerShriram Epc Limited has informed the Exchange that the Board meeting held on July 30, 2009 the following items were discussed under the Other business taken up and approved at the Meeting with the permission of the Chairman. "The Company has received a request from our subsidiary Shriram Leitwind Limited (SLL) and Associate Leitner Shriram Manufacturing (LSML) along with the extract of the Board Resolution passed at their respective Board Meetings requesting us to accord our consent to their Scheme of Amalgamation and Merger of SLL with LSML from the Appointed date, i.e., 1st April, 2009 and from the effective date as contained in the Scheme, subject to LSML and from the effective date as contained in the Scheme, subject to LSML and SLL obtaining all requisite statutory approvals. The Board of Directors of our Company have accorded their approval for the Merger proposal of subsidiary, SLL merging with the Associate, LSML"....
buy
Posted by :
sanjeev3430what is the good price to buy this stock? but very illiquid............
wellwisher
Posted by : GuestYour Message...
A great scrip in renewable energy field
Posted by : prjayachandranYou are welcome....
A great scrip in renewable energy field
Posted by : LOOKUP
a good buy,but investors will buy only when market peaks.i holds and plans to add
more....
A great scrip in renewable energy field
Posted by : hari@MC
Quote
The only problem is the low floating stock of the company - 42.58% is held by promoters, 52.03% is held by FIIs and mutual funds leaving only 5.4% with common public
UnQuote
The shareholding pattern from NSE is
Shareholding of Promoter Group 42.58
Public shareholding 57.42
Institutions 11.75
Mutual Funds/ UTI - 4.92
Foreign Institutional
Investors - 6.83
Non-institutions 45.67
FII hold only 6.83 & MF - 4.92. Yes there has been a swing from 115 to 270 all of a sudden for the reasons best known to you , I suppose.
Thanks
Hari
...
Never mind the fall today
Posted by : prjayachandran
Today`s mild fall in share price has been with low volumes.
Should not be surprised to find the share price at Rs.250-Rs.260 levels soon!...
A great scrip in renewable energy field
Posted by : prjayachandran
This is a company promoted by Shriram Group and is into the fancied field of renewable energy, particularly wind and biomass power.
It has provided a coal gasifier (converts coal to methane) in technology tie-up with Envirotherm GmbH of Germany for Jindal Steel`s plant in Orissa. Shriram EPC expects that with the Jindal plant as a reference, and with the technology tie-up with Envirotherm , it should get more orders.
The wind turbine generator manufacturing unit, a joint venture with Leitwind, Netherlands, has begun manufacturing 1.5 MW wind turbines at Gummidipoondi,Chennai.This is in addition to the 250 kw machines that the company already sells. The unit has a capacity to manufacture 200 turbines a year. At a cost of Rs 10 crore a machine, 1.5 MW wind turbine business would generate revenues of over Rs 2,000 crore at full capacity expected in FY 2010-11. In FY 2009-10, the unit will produce 80 machines and nearly half its production would be exported to Europe.
Orient Green Power, a joint venture of Shriram EPC with Bessemer Ventures, has over 60 MW of wind turbine generators and 16 MW of biomass-based power capacity.
Over 240 MW of biomass-based power plants are in the pipeline in Tamil Nadu, Andhra Pradesh, Maharashtra, Punjab and Rajasthan. Ten bio-mass power projects have been completed and more than 20 projects totalling over 100 MW are under execution. This joint venture now has over Rs 900 crore worth of orders.
In 2009-10, over 50 per cent of the company`s revenues would be from the wind energy business, 10-15 per cent from biomass power generation projects and the balance from Engineering, Procurement and Construction (EPC)contracts.
The only problem is the low floating stock of the company - 42.58% is held by promoters, 52.03% is held by FIIs and mutual funds leaving only 5.4% with common public. Hence, the volumes are low in BSE and NSE on a daily basis .
The share price has the habit of jumping up by 60% and taking rest for almost a month - from Rs. 84 to Rs.135 and then from Rs.126 to Rs.206. The share price has been taking rest for the last three weeks.
The next upmove, when it comes, could be for another 60%.
As a strong believer in alternate energy sources, I am a fan of this scrip.
A great share to be in.
...
NSE Announcements on Shriram EPC
Posted by : MMB MessengerShriram Epc Limited has informed the Exchange vide notes to Accounts in the Audited financial results for the year ended March 31, 2009 (taken on record by the Board of Directors of the Company at its meeting held on May 30, 2009) that "The Proceeds of the initial Public Offer raised during the last financial year have been fully utilised for the purposes stated in the offer document"....
NSE Announcements on Shriram EPC
Posted by : MMB MessengerShriram Epc Limited has informed the Exchange that the Board of Directors at its meeting held on May 30, 2009 have recommended a dividend of Rs. 1.20 per share on the face value of Rs 10/- for the Financial year 2008-09....
BSE Announcements on Shriram EPC
Posted by : MMB MessengerShriram EPC Ltd has informed BSE about the Audited Standalone & Consolidated Financial Results for the Year ended March 31, 2009. ...
