After acquiring majority stake in the ailing Lloyds Steel, Uttam Galva plans to raise Rs 1,500-2,000 crore working capital loan for the acquired entity and hopes to close the deal by the end of the current quarter.
Uttam Galva group, which recently acquired a majority stake in the ailing Lloyds Steel, on Friday said that it would turn around the fortunes of the acquired company and planned doubling of the operating profit in about a year.
Lloyds Steel Industries has reported a sales turnover of Rs 1,499.78 crore and a net profit of Rs 26.52 crore for the quarter ended Sep '12
Lloyds Steel Industries has reported a sales turnover of Rs 1,362.42 crore and a net loss of Rs 31.57 crore for the quarter ended Jun '12
Reliance Industries | Maruti Suzuki | SAIL | Lanco Infra | Gayatri Projects | IOB | Cadila Healthcare | Shanthi Gears | Welspun Global and Lloyds Steel are stocks | which are in news today.
Lloyds Steel Industries has reported a sales turnover of Rs 1,120.35 crore and a net loss of Rs 6.55 crore for the quarter ended Dec '11
Uttam Galva promoters have pick up 24% stake in Lloyds Steel, reports DNA.
Bharti Airtel | LGB Forge | Info Edge India | Lloyds Steel | Pitti Laminations | Hotel Leelaventure and Delta Corp are stocks, which are in the news today.
Jagannathan Thunuguntla of SMC Global has recommended avoiding Lloyds Steel.
Ankit Miglani, deputy managing director of Uttam Galva today clarified that though Lloyds Steel has a strategic fit with Uttam Galva but the company is not in talks with Lloyds Steel for stake buy.
Vidur Pendharkar of trend4casting.com is bullish on Compact Disc, BHEL, Kalyani Steels and Lloyds Steel.
Nirmal Bang has maintained an outperformer rating on Lloyds Steel with a target of Rs 22.50 in its research report.
Vijay Bhambwani of BSPL India.com is of the view that one should sell Lloyds Steel.
Lloyds Steel Industries has reported a sales turnover of Rs 911.79 crore and a net profit of Rs 27.27 crore for the quarter ended Mar '11
Gillette | P&G | Reliance Infra | Hero Honda | Uttam Galva | Lloyds Steel | Twilight Litaka | Kanoria Chem | Fame | Infoedge | Vesuvius India | Cairn | Automobile Corp | PFC and Container Corp are stocks, which are in the news today.
On March 30, 2011 BAIJNATH MANIRAM HOLDING & FINANCE COMPANY PRIVATE LIMITED bought 6,600,000 shares of Lloyds Steel at Rs 16.10 on the BSE.
Lloyds Steel Industries has reported a sales turnover of Rs 830.08 crore and a net profit of Rs 23.13 crore for the quarter ended Dec '10