I am also hoping for it to enter the F & O trade section, considering the volume of trade that is being executed. The only barrier may be its possible current lower price which decides the market capitalisation. The entry into F & O section does not guarentee higher price. It will only increase volatility, for example Oswal Agro which in spite of being in F & O is only quoting around Rs.20/= after hitting Rs.80/= in last year peak period....

Karuturi Global Vows to Make Ethiopia World’s Leading Flower Exporter Addis Ababa (October 13, 2009) - Sai Ramakrishna Karuturi , Managing Director of Karuturi Global of India vowed to make Ethiopia the leading cut flower exporting country in the world. In an exclusive interview with ENA on Monday, Company Managing Director, Sia Ramakriskna Karuturi said his company, which is engaged in flower farm development on 50 hectares, has planed to expand on 50 more hectares beginning until December. The Director said the company would cover fully the 435 hectares of land it took in Wolliso Town with flower farm by 2011. The director said when the Wolliso o flower farm is fully developed by 2011; it will make Ethiopia the leading cut flower exporter in the world. The director said currently 125, 000 cut flowers are produced from Holeta and Woliso farms per day. The volume of export will be increased from time to time. The company has begun exporting cut flowers from Ethiopia to the Middle East, Holland and Russia since 2006. Up Sound Ramakriskna said the Company has also palm tree, sugarcane and rice farms in Etang, Gambella State covering 300,000 hectares, and 11,000 corn and vegetable farms in Bako, Oromia State, he said. The director said the Gambella project in which 350 million USD is invested would develop cereals, oilseeds, palm oil, sugar and rice on 100,000 hectares of land in the coming three years. He said the rice and maize production would be used for consumption in domestic and COMESA region. The company has shelled out 490 million USD on all farms launched in Ethiopia. The company has created jobs for 3000 people in all project areas so far. Ramakrishna said the Ethiopian government officials are very supportive for what his company is doing. The company is operating in Kenya, Dubai, Holland and India in the areas of floriculture, agro-based products, food processing, IT and others. Source: ENA ...

Truly Karuturi is great company. Now the company is developing its Agricultural fields in a big way. It has intend to sell it agri products in Africa and export to all the countries. It sugar mill project in Ethiopio is good move. I think last month the company had asked EOI for a single or group entity to begin its project. Shortly the news will come. Who may be the project partner is suspense now. When the company declare the news in the coming week or month, it will give a upmove in the share price. The company will also produce ethonal from its proposed sugar mill and has willingness to sell it to mix with gasoline. The figures are rosy and green. All brokerage firm has positive signal on this company. Really Karuturi will be a Multibagger. Best of Business and luck. ...

I am afraid, this is not a guess. Its pure day-dreaming. Considering the weightage of reliance in Sensex, in 6months the sensex would be around 22000. Please correct me if I am wrong....

If what you say does actually happen, then all I can say is "tumhare mu mein ghee shakkar". Hope you understand what I mean. All the best. Regards. Kumar Kandhari....

Shanthiniraji- is that your analysis or wishful thinking? seems you are stuck with this share at a high price!!...

on a 500 point positive trading session... when Nifty is above 4600 level... CALS is going to close flat... it`s really testing ordinary investors patience... Regards, RAM...

I have not also received the bonus shares.
Can any one tell me when it will be credited in our demat account
...

I have not received my bonus shares yet.
It shows only the old number but the value has been reduced half in my demat account
When the bonus shares will be credited in my account.

Please tell me any news of that.

...

Gkmurthy sir,

Please do not compare Karuturi with past teak wood plantations company. Please tell yourself by touching your heart is Karutri global company like that?

Definitely your answer will be NO.

Can you tell me one businessman name in those company who had received Frontier Hundred Merit for the business.

Definitely your answer will be NO.

Can you tell me one businessman name in those company who had received Business Excellence award for agriculture or any other from some great organization like Corporate Council of Africa.

Definitely your answer will be NO.

Karuturi is not a roadside finance company. Please do not ignore that.

Thanks and Regards

Shanthiniraji


...

Dear Rambhole sir, please find the following news headline in pib nic in release dated october 29, 2009.

It is very good news about Cals and Westbengal I have seen.



Memorandum of Agreement between Department of Chemicals and Petrochemicals, Government of India and Government of West Bengal to set up a petroleum Chemicals and Petrochemicals Investment Region (PCPIR)


Cheers

Shanthiniraji


...

Mr Bijoy Chatterjee
Our Bureau
Kolkata, Oct. 23

The Centre will enter into a firm pact with the West Bengal Government next week for setting up petroleum, chemical and petrochemical investment region (PCPIR) in the State.

The pact will underline the fiscal and nonfiscal responsibilities of both the Centre and the State Government in facilitating investments in the PCPIR.

The main hub of the proposed investment region will be located at Nayachar Islands in close proximity to the existing petroleum, petrochemicals and chemical facilities at Haldia, approximately 120 km from here.

We will sign the memorandum of agreement with West Bengal Government on setting up the Nayachar project next week. The agreement will outline the mutual responsibilities of both the Governments, Mr Bijoy Chatterjee, Secretary, Department of Chemical and Petrochemical, Government of India said here on Friday.

He was speaking to newspersons on the sidelines of the inauguration of Phase II of the Purified Terephthalic Acid (PTA) plant of MCC PTA India Corp Private Ltd (MCPI) at Haldia.

IOC to be anchor


Taking a cue from a Central scheme, the State Government proposed setting up of the investment region over 250 sq km area centring Haldia in 2006. IndianOil has entered into a MoU with the State government to be the anchor investor in the PCPIR.

MCPI, the Indian subsidiary of Japan based Mitsubishi Chemical Corporation (MCC), is hopeful of trebling its turnover in 2010-11 to Rs 5,000 crore (1.2 billion dollar) as against Rs 1,600 crore in 2008-09, thanks to the 0 million expansion project at its PTA plant, Dr Yoshimitsu Kobayashi, President and Chief Executive Officer of MCC said. The Indian unit would contribute nearly 30 per cent to its global turnover from PTA business in 2010-11, he said.

With an initial investment of 380 million dollar during 1997-1999, MCPI emerged as Japans largest foreign direct investment in India.

The production capacity at its plant will increase from the present 4,70,000 tonnes to 1.27 billion tonnes in 2010-11, Mr Kobayashi said. The plant would be the second largest global PTA facility of MCC after its factory in Korea, he added. PTA is a key raw material to the synthetic clothing and plastic industries.

The company would launch, in November, a propylene based compound manufacturing plant at Neemrana, Rajasthan at an investment of nearly 30 million dollar, Mr Kobayashi said. It was also exploring opportunities in other products like pharmaceuticals, generic drugs and photovoltaic cells in the country, he added.

...

Dear ggpalan sir,

could you tell me when Karuturi will move into F and O section.

Why I am asking this question is,

If all mutual fund turns their face towards Karuturi in the coming days, is there any chance to Karuturi to enter into F and O section.

Cheers
Shanthiniraji
...

Yes ggpalan sir,

It is pleasure to see some great mutual fund house has begun to accumumulate Karuturi shares calmly. It is good begining, I think.

Certainly there is big growth in Karturi as the Indias biggest and reliabe fund house IDFC has now begun to pruchase the shares.

We will believe some other great mf will buy soon like Reliance.

Then no one can stop the price below rs 30.

When all the Karuturi plans come true and when it becomes true Agricultural Multinational company AMC from Asia, all will rush to catch the share.


By that time what will be the Karuturi price is can not be predicted.

I pray for Karturis investors to become true millioners soon.

Cheers
Shanthiniraji
...