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BSE Announcements on Shriram EPC
Posted by :
MMB Messenger
Shriram EPC Ltd has informed BSE that "M/s Galleon Special Opportunities Funds SPC Ltd. (GSOF) was holding 20,00,000 equity shares of Rs.10/- each in our Company representing 4.60%, of the paid-up capital of the Company. We have received a communication from National Securities Depository Ltd. (NSDL) dated 9th October, 2009 that GSOF had sold 9,98,700 equity shares to M/s. Argonaut Ventures Opportunities Funds (AVOF) as a bulk deal.
We would also wish to inform you that AVOF presently are holding 13,86,357 equity shares of Rs.10/- each representing 3.19% of the total paid up capital of the Company. With this acquisition of 9,98,700 equity shares, they are currently holding 5.46% of the total paid up capital of the Company"....
NSE Announcements on Shriram EPC
Posted by : MMB MessengerShriram Epc Limited has informed the Exchange that "M/s Galleon Special Opportunites Funds SPC Ltd. (GSOF) was holding 20,00,000 equity shres of Rs.10/- each in our Company representing 4.60%, of the paid-up capital of the Company. We have received a communication from National Securities Depository Ltd. (NSDL) dated 9th October, 2009 that GSOF had sold 9,98,700 equity shares to M/s Argonaut Ventures Opportunities Funds (AVOF) as a bulk deal. We would also wish to inform you that AVOF presently are holding 13,86,357 equity shares of Rs.10/- each representing 3.19% of the total paid up capital of the Company. With this acquisition of 9,98,700 equity shares, they are currently holding 5.46% of the total paid up capital of the Company"....
NSE Announcements on Shriram EPC
Posted by : MMB MessengerShriram Epc Limited has informed the Exchange that "M/s Galleon Special Opportunites Funds SPC Ltd. (GSOF) was holding 20,00,000 equity shres of Rs.10/- each in our Company representing 4.60%, of the paid-up capital of the Company. We have received a communication from National Securities Depository Ltd. (NSDL) dated 9th October, 2009 that GSOF had sold 9,98,700 equity shares to M/s Argonaut Ventures Opportunities Funds (AVOF) as a bulk deal. Further they have sold 9,50,000 equity shares of Rs.10/- each by way of bulk deal to Indea Long Term Opportunities Master Fund (ILTOMF) on 22nd October, 2009. We also wish to inform you that ILTOMF the acquire are currently holding 2.80% of the paid up capital of the Company"....
BSE Announcements on Shriram EPC
Posted by : MMB MessengerShriram EPC Ltd has informed BSE about the financial results for the Quarter ended September 30, 2009....
READY TO FALL
Posted by : Guest
Sell this off., Galleon issue a major concern !!!
They own 4.6% stake.... ...
Today`s fall should be good for picking
Posted by : prjayachandran
The share price is likely to fall today due to the fact that Galleon Hedge Fund, whose founder Raj Rajaratnam has been arrested for insider trading in USA, has 20 lakh shares of Shriram EPC through `Galleon Special Opportunities Master Fund Spc Ltd - Asian Crossover Segregated Portfolio` which constitutes 4.6% of Shriram EPC`s capital. Th fear is that investors in Galleon Hedge Fund may redeem their porfolios in panic and Galleon may be forced to do distress sale of shares of Shriram EPC in local markets.
This, in fact, should provide an opportunity to buy shares of Shiram EPC which is doing a make over from being primarily an EPC company to a company mostly into wind energy. It has a bright future ahead.
I am appending below my previous message on the company
QUOTE
Mr Bharatsinh Solanki, Union Minister of State for Power inaugurated Leitner Shriram’s wind turbine generator facility at Gummidipoondi near Chennai yesterday (on 25th September). Leitner Shriram is a joint venture with Leitner of Italy holding a 51 per cent stake and Shriram EPC holding a 49 per cent stake.
Leitner Shriram has a capacity to produce 150 1.5 MW gearless wind turbines annually including the entire turbine and critical components. The company has the capacity to increase production capacity to over 250 units annually in FY 2010-11. Apart from the domestic market, the facility would also export to Africa, Europe and West Asia. Although the company already sells 250 kw wind turbines at its existing plant in Puducherry , the 1.5-MW class units are the most popular.
At a cost of Rs 10 crore a machine, 1.5 MW wind turbine business would generate revenues of about Rs.800 crores in FY 2009-10 (as 80 machines are likely to be delivered this FY and nearly half its production would be exported to Europe)and over Rs 2500 crores at full capacity expected in FY 2010-11. Although Leitner Shriram has a four-month order book this is likely to fill up to about a year`s orders over the next four months.
Order for 12 machines is existing already from Orient Green Power Ltd, a subsidiary of Shriram EPC Ltd that will set up an 18 MW wind farm in Czech Republic. The company would install 12 machines of 1.5 MW capacity each that will be produced by Leitner Shriram in Chennai.OGPL, in which Shriram EPC has a 40 per cent stake (the rest of the equity is held by two private equity funds, Bessemer and Olympus), has a portfolio of 100 MW of wind power in India.
After the first phase of development in the Czech Republic is over, OGPL would look to expand its footprint in East Europe. OGPL will thus enable Shriram EPC to procure orders for its windmills in Europe. OGPL company intends to come out with an IPO towards the end of calendar 2010 which will create value for shareholders of Shriram EPC.
Shriram EPC Ltd had come out with an IPO at a rather steep price of Rs.330 a share on February 1, 2008. The high price was possible as February 2008 was just the starting of the last bear hammering.
On 25th September, Galleon Special Opportunities Master Fund SPC Ltd sold 2.3% stake in the company to Argonaut Ventures, which already had 3.19% share and now has 5.49% share in the company.
Last financial year, the company had reported a turnover of Rs.1010 crores and EPS of Rs.9.55. This year this is likely to be Rs.1800 crores and EPS may proportionately be Rs.17. In FY 2010-11, when the facility runs at full capacity, the turnover should be Rs.3500 crores and EPS 33. Even if a conservative PE of 15 is applied, a share price of Rs.495 is realisitc.
Technically, the share price has a solid support at Rs.190 and is not likely to violate that support in future.
UNQUOTE...
Great future ahead
Posted by : prjayachandran
Mr Bharatsinh Solanki, Union Minister of State for Power inaugurated Leitner Shriram’s wind turbine generator facility at Gummidipoondi near Chennai yesterday (on 25th September). Leitner Shriram is a joint venture with Leitner of Italy holding a 51 per cent stake and Shriram EPC holding a 49 per cent stake.
Leitner Shriram has a capacity to produce 150 1.5 MW gearless wind turbines annually including the entire turbine and critical components. The company has the capacity to increase production capacity to over 250 units annually in FY 2010-11. Apart from the domestic market, the facility would also export to Africa, Europe and West Asia. Although the company already sells 250 kw wind turbines at its existing plant in Puducherry , the 1.5-MW class units are the most popular.
At a cost of Rs 10 crore a machine, 1.5 MW wind turbine business would generate revenues of about Rs.800 crores in FY 2009-10 (as 80 machines are likely to be delivered this FY and nearly half its production would be exported to Europe)and over Rs 2500 crores at full capacity expected in FY 2010-11. Although Leitner Shriram has a four-month order book this is likely to fill up to about a year`s orders over the next four months.
Order for 12 machines is existing already from Orient Green Power Ltd, a subsidiary of Shriram EPC Ltd that will set up an 18 MW wind farm in Czech Republic. The company would install 12 machines of 1.5 MW capacity each that will be produced by Leitner Shriram in Chennai.OGPL, in which Shriram EPC has a 40 per cent stake (the rest of the equity is held by two private equity funds, Bessemer and Olympus), has a portfolio of 100 MW of wind power in India.
After the first phase of development in the Czech Republic is over, OGPL would look to expand its footprint in East Europe. OGPL will thus enable Shriram EPC to procure orders for its windmills in Europe. OGPL company intends to come out with an IPO towards the end of calendar 2010 which will create value for shareholders of Shriram EPC.
Shriram EPC Ltd had come out with an IPO at a rather steep price of Rs.330 a share on February 1, 2008. The high price was possible as February 2008 was just the starting of the last bear hammering.
On 25th September, Galleon Special Opportunities Master Fund SPC Ltd sold 2.3% stake in the company to Argonaut Ventures, which already had 3.19% share and now has 5.49% share in the company.
Last financial year, the company had reported a turnover of Rs.1010 crores and EPS of Rs.9.55. This year this is likely to be Rs.1800 crores and EPS may proportionately be Rs.17. In FY 2010-11, when the facility runs at full capacity, the turnover should be Rs.3500 crores and EPS 33. Even if a conservative PE of 15 is applied, a share price of Rs.495 is realisitc.
Technically, the share price has a solid support at Rs.190 and is not likely to violate that support in future. As the present price is close to the support, purchasing the shares soon is recommended....
BSE Announcements on Shriram EPC
Posted by : MMB Messenger
Shriram EPC Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on September 19, 2009.
...
NSE Announcements on Shriram EPC
Posted by : MMB MessengerShriram Epc Limited has submitted to the Exchange a copy of the proceedings of the Annual General Meeting of the company held on August 31, 2009. 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). ...
Ready to break out
Posted by : prjayachandran
The share price rose today with three times the average volumes.
The share price has resistances at Rs.204-Rs.209, Rs.217, Rs.222 and Rs.231 before it can attain its target price of Rs.250. ...
Buy or Sell
Posted by :
tvspriya
Hi Guys, I have this ShriramEPC bought from primary market for Rs 300 and 200 nos I have, I am not sure whether to keep this or not. None of the MF houses seem to hold this stock. Any advice.....
...
Good managment of Shriram group
Posted by :
bhelpuriGood business, good management and excellent professionals and top of the line professionals makes this company an excellent buy. Shriram group is quite well known. ...
On its way up
Posted by : prjayachandran
The share price is forming a rounding bottom pattern that can take the share price up to Rs.262.
The sound management and good growth prospects justify such a move....
BSE Announcements on Shriram EPC
Posted by : MMB MessengerShriram EPC Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 25, 2009 to August 31, 2009 (both days inclusive) for the purpose of payment of dividend & Annual General Meeting (AGM) of the Company to be held on August 31, 2009....
NSE Announcements on Shriram EPC
Posted by : MMB MessengerShriram Epc Limited has informed the Exchange that Book Closure Date of the Company has been fixed from August 25, 2009 to August 31, 2009 (Both days inclusive) for the Annual General Meeting to be held on August 31, 2009 and for the payment of dividend of 12% recommended by the Company for the year 2008-2009 subject to the approval of the shareholders of the Company at the forthcoming Annual General Meeting....
