Markets regulator Sebi has barred Trustline Realty Infra India Ltd (TRIL) and seven associated entities from the securities market for allegedly violating public issue norms.
In an interview with CNBC-TV18, Jitendra Mamtora, Chairman, Transformers and Rectifiers India, said topline can be anywhere between 800 and 900 and earnings before interest, tax and amortization (EBITDA) will remain in the range of 10-11 percent.
Blackstone Group in consortium with Pune-based developers Panchsil Developers and Xander Group along with a local developer seem to be showing interest in TRIL's IT Park located at Goregaon, Mumbai.
The move has been prompted following a key pre-qualification requirement in the request for qualification documents (RFQs) that would make Tata Realty Infrastructure (TRIL) – the company that was going to bid for the Chennai Airport – ineligible.
Tata Group which was planning to bid for 100% stake in Chennai airport has represented to the government on a cross ownership clause in the RFQ, which may not allow Tata Group arm, Tata Realty and Infrastructure, to participate in the bid at all.
KRChoksey has come with its quarterly earning estimates on power & capital goods sector for March 2012. According to the research firm, imposition of import duty on power equipment would be another positive for Indian capital goods industry is a key factor to watch out for.
KRChoksey has come with its December quarterly earning estimates for power & capital goods sector.
Emkay Global Financial Services has come out with its earning estimates on Engineering & Capital Goods sector for the quarter ended March 2011. According to the research firm, TRIL March quarter sales are expected to go up by 13.1% at Rs 241.8 crore, year-on-year, (YoY) basis.
KRChoksey has come out with its earning estimates on power & capital goods sector for the quarter ended December 2010. According to the research firm, TRIL December quarter sales are expected to go up by 23% to Rs 162 crore, Year-on-Year, (Y-o-Y) basis.