Indian Stock Market

Punj Lloyd wins Rs 1000 crore order.

Company won this road contract from GMR

Tata Steel Nippon Steel Corp JV

JV Info Tata Steel

Tata Steel’s board on Thursday approved a framework for a Joint Venture between Tata Steel Limited (TSL) and Nippon Steel

Corporation (NSC) for the production and sales of automotive cold-rolled flat products at Jamshedpur, Jharkhand, a company statement said in Mumbai.

TSL will hold 51 per cent and NSC will hold 49 per cent of equity capital of the joint venture company.

The joint venture aims to capture the growing demand for high-grade automotive cold-rolled flat products in India by setting up a continuous annealing and processing line (CAPL) with a capacity of 6,00,000 tonnes.

NSC will transfer its technology for producing high-grade cold-rolled steel sheet for automotive application, including skin panels and high tensile steels, the release said.

The new JV will address the localisation needs of Indian automotive customers for high-grade cold-rolled steel sheet and contribute to further expansion of the Indian automobile industry.

Apple has just unveiled its new product Apple iPad.

Reviews , Price , Spec , availability etc

Features and Specs:

Size and weight
Height:
9.56 inches (242.8 mm)
Width:
7.47 inches (189.7 mm)
Depth:
0.5 inch (13.4 mm)
Weight:
1.5 pounds (.68 kg) Wi-Fi model;
1.6 pounds (.73 kg) Wi-Fi

Display
9.7-inch (diagonal) LED-backlit glossy widescreen Multi-Touch display with IPS technology
1024-by-768-pixel resolution at 132 pixels per inch (ppi)
Fingerprint-resistant oleophobic coating
Support for display of multiple languages and characters simultaneously

Wireless and Cellular
Wi-Fi model
Wi-Fi (802.11 a/b/g/n)
Bluetooth 2.1 + EDR technology
Wi-Fi + 3G model
UMTS/HSDPA (850, 1900, 2100 MHz)
GSM/EDGE (850, 900,1800, 1900 MHz)
Data only2
Wi-Fi (802.11 a/b/g/n)
Bluetooth 2.1 + EDR technology

Location
Wi-Fi
Digital compass
Assisted GPS (Wi-Fi + 3G model)
Cellular (Wi-Fi + 3G model)

capacity
16GB, 32GB, or 64GB flash drive
Processor
1GHz Apple A4 custom-designed, high-performance, low-power system-on-a-chip
Sensors
Accelerometer
Ambient light sensor
Audio Playback
Frequency response: 20Hz to 20,000Hz
Audio formats supported: AAC (16 to 320 Kbps), Protected AAC (from iTunes Store), MP3 (16 to 320 Kbps), MP3 VBR, Audible (formats 2, 3, and 4), Apple Lossless, AIFF, and WAV
User-configurable maximum volume limit

TV and Video
Support for 1024 x 768 with Dock Connector to VGA adapter; 576p and 480p with Apple Composite A/V Cable, 576i and 480i with Apple Composite A/V Cable
H.264 video up to 720p, 30 frames per second, Main Profile level 3.1 with AAC-LC audio up to 160 Kbps, 48kHz, stereo audio in .m4v, .mp4, and .mov file formats; MPEG-4 video, up to 2.5 Mbps, 640 by 480 pixels, 30 frames per second, Simple
Profile with AAC-LC audio up to 160 Kbps, 48kHz, stereo audio in .m4v, .mp4, and .mov file formats

Mail attachment support
Viewable document types: .jpg, .tiff, .gif (images); .doc and .docx (Microsoft Word); .htm and .html (web pages); .key (Keynote); .numbers (Numbers); .pages (Pages); .pdf (Preview and Adobe Acrobat); .ppt and .pptx (Microsoft PowerPoint); .txt (text); .rtf (rich text format); .vcf (contact information); .xls and .xlsx (Microsoft Excel)

Languages
Language support for English, French, German, Japanese, Dutch, Italian, Spanish, Simplified Chinese, Russian
Keyboard support for English (US) English (UK), French (France, Canada), German, Japanese (QWERTY), Dutch, Flemish, Spanish, Italian, Simplified Chinese (Handwriting and Pinyin), Russian
Dictionary support for English (US), English (UK), French, French (Canadian), French (Swiss), German, Japanese, Dutch, Flemish, Spanish, Italian, Simplified Chinese (Handwriting, Pinyin), Russian

Accessibility
Support for playback of closed-captioned content
VoiceOver screen reader
Full-screen zoom magnification
White on black
Mono audio

Battery and Power
Built-in 25Whr rechargeable lithium-polymer battery
Up to 10 hours of surfing the web on Wi-Fi, watching video, or listening to music
Charging via power adapter or USB to computer system
Input and Output
Dock connector
3.5-mm stereo headphone jack
Built-in speakers
Microphone
SIM card tray (Wi-Fi + 3G model only)
External buttons and controls

Mac system requirements
Mac computer with USB 2.0 port
Mac OS X v10.5.8 or later
iTunes 9.0 or later (free download from www.itunes.com/download)
iTunes Store account
Internet access
Windows system requirements
PC with USB 2.0 port
Windows 7, Windows Vista; Windows XP Home or Professional with Service Pack 3 or later
iTunes 9.0 or later (free download from www.itunes.com/download)
iTunes Store account
Internet access
Environmental requirements
Operating temperature: 32° to 95° F (0° to 35° C)
Nonoperating temperature: -4° to 113° F (-20° to 45° C)
Relative humidity: 5% to 95% noncondensing
Maximum operating altitude: 10,000 feet (3000 m)

Lanco Infratech gets 5600 crores order

News from Source

Lanco Infratech Ltd has announced that the Company was awarded Contracts totalling value of Rs 5,675 Crores (Rupees Five Thousand Six Hundred and Seventy Six Crores).

The company has secured one Contract for Offshore Supplies equivalent to Rs. 2,160.00 Crores and the Second for Civil Works of Rs. 1,021.68 Crores.

The Third contract is for Onshore Supplies of Rs. 1,756.44 Crores and the Fourth is for Services of Rs. 283.80 Crores.

The Fifth contract is for Non-EPC of Rs. 454.08 Crores by Lanco Mahanadi Power Pvt. Ltd, a Subsidiary of the Company, in connection with the setting up of their Pulverized Coal Fired Power Plant of 2 x 660 MW Capacity to be located in the State of Maharashtra.

Hindustan Copper is planning to launch an IPO.

Funds to be raised as high as Rs. 4000 crores.Its a season of Mega IPOs . Already many PSUs have lined up issues.

Moneycontrol transcript with MD of Hindusthan Copper.

Shakeel Ahmed, CMD, Hindustan Copper said, “The Minister for Mines has approved our proposal of 20% divestment out of which 10% will go to the government of India and 10% will be retained by the company.”
When asked about the due diligence process for the FPO, he said, “The proposal that has been cleared by the Minister of Mines will now go to the Department of Disinvestment and finally taken up by the Cabinet. Once they approve it, that gets the seal of approval, and then the due diligence process for issuing FPO commences.”

Commenting on the timeframe set for the issuance of the FPO, Ahmed said, “From the time we initiated the proposal our call was that during the current financial year, we get the necessary approvals in place and in the next financial year, we will go ahead with the FPO. That timeframe stays on.”

He said the company’s aim is to garner Rs 4000-5000 crore from the FPO. Ahmed said it is difficult to put a number on valuations of the company. “The share prices of Hindustan Copper have shot up in a very short period of time. When we started the proposal our take was that we shall collect something like Rs 4000 crore with 20% divestment,” he said, adding, “While it is difficult to place a correct financial value that will be done by merchant bankers. But at this point in time I will still maintain that we will aim at collecting Rs 4000-5000 crore based on 20% divestment, out of which 50% will be with the Government of India and 50% with the company.”

Syncom Healthcare IPO Details

Syncom Healthcare Ltd is coming out with an Initial Public Offering (IPO) of 75,00,000 equity shares of Rs 10 each for cash at a price band of Rs. 65 to Rs. 75 through 100% book building process. The IPO opens for subscription by investors on January 27, 2010.

Chartered Capital And Investment Ltd is the book running lead manager and syndicate member to the issue.

LINK INTIME INDIA PRIVATE LIMITED is the registrar of the company.

The rating agency Credit Analysis and Research Ltd (CARE) has assigned IPO Grading of “IPO Grade 2″ denoting below average fundamentals.

The minimum order quantity in the IPO is 90 Equity Shares and in mulitples of 90 Equity Shares. The Maximum Subscription Amount for Retail Investor is Rs 100000.

The equity shares of the company will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The IPO closes for subscription on Friday – January 29, 2010.

Investments can be avoided in the initial public offering of Syncom Healthcare, which is engaged in the manufacturing and marketing of pharmaceutical formulations in the domestic market. At the price band of Rs 65-75, the offer is priced at 23-26 times its likely FY10 per share earnings on a post offer equity base. This seems expensive considering that many of the top tier pharmaceutical companies with better business fundamentals, market reach and growth potential are available at much lower valuations. The company’s presence in a highly competitive market and it’s relatively low experience in manufacturing operations also necessitate a cautious outlook .

Company overview

Catering primarily to the domestic market, Syncom manufactures and markets pharmaceutical formulation under its own brand name in four product segments — generics, OTC (over the counter), ethical and herbal. The company also undertakes contract manufacturing for various pharmaceutical formulations, neutraceutical products, food supplements and cosmetics for domestic companies such as Lupin and Piramal Healthcare. Further, it recently added other companies such as Wockhardt, Klar Sehen and Canixa Sciences to its existing list of contract manufacturing companies.

Prospects, challenges

Though the growth undercurrents in the domestic formulation business are getting stronger, the presence and increasing focus of bigger players on the domestic market may make it doubly challenging for Syncom to chart its growth path; the bigger players cater to a chunk of the market already. The rest of the market is characterised by many small and unorganised players.

It will be Syncom’s distribution reach, brand presence and product launches that would help it scale growth in future. While the company has scored decently on these counts so far, growing its revenues at a compounded rate of over 42 per cent in the two years after it set up a manufacturing facility in Dehradun, it was on a low base and driven by volume increase. High competitive pressure and price sensitivity of the domestic market appears to have kept realisations capped, suggesting this could very well be the way forward too.

The company derives a significant share of its revenues from too few a clients; the top ten made up over 69 per cent of its revenues last fiscal. While this per seisn’t reason enough for concern — such high dependence is quite common among companies with smaller scales of operation — what may be discomfiting is its working capital management.

High dependence on a handful of clients and little bargaining power appear to have strained the company’s cash flows, with its working capital cycle increasing to 198 days in FY09 from 153 seen a year earlier — over 57 per cent of the total debtors exceeded six months. While an extended credit cycle to some extent is typical of the OTC segment, the company’s revenue exposure to the segment was just about 24 per cent in the last fiscal.

Vascon Engineers IPO opening tomorrow.

The Initial Public Offering (IPO) of Vascon Engineers Ltd., an engineering, procurement and construction (EPC) services and real estate development company, will enter the capital market on Wednesday – January 27, 2010 with an issue of 10,800,000 equity shares of Rs 10 each for cash at a price band of Rs 165 to Rs 185 throguh 100% book-building process.

Kotak Mahindra Capital Company Limited, Enam Securities Private Limited are the book running lead managers to the IPO. Kotak Securities Ltd is the syndicate member to the issue.

Karvy Computershare Private Limited is the registrar to the company.

The rating agency CRISIL has given IPO Grading of “IPO Grade 3″ indicating average fundamentals.

The equity shares of the company will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The minimum order quantity in the IPO is 35 Equity Shares and in mulitples of 35 Equity Shares. The Maximum Subscription Amount for Retail Investor is Rs 100000.

The IPO closes for subscription on Friday – January 29, 2010.

Aqua Logistics IPO next.

Aqua Logistics IPO details

The Initial Public Offering (IPO) of Aqua Logistics Ltd will hit markets today – January 25, 2010 (Monday). The company is coming out with IPO of equity shares of Rs 10 each for cash at a price band of Rs 220 to Rs 230 through 100% book building process. The company plans to raise upto Rs 150 crores through this IPO.

The Minimum Order Quantity is 25 equity shares and in multiples of 25 equity shares. The Maximum Subscription Amount for Retail Investor is Rs 100000.

The Rating Agency Brickwork Ratings India Pvt Ltd has given IPO grading of “IPO Grade 3″ which denotes average fundamentals.

Saffron Capital Advisors Pvt Ltd, Centrum Capital Ltd are the Book Running Lead Managers to the IPO. Saffron Global Markets Pvt Ltd, Enam Securities Ltd are the Syndicate Members to the IPO.

LINK INTIME INDIA PRIVATE LIMITED is the registrar to the company.

The shares of the company will be listed in Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The IPO closes for subscription on January 28, 2010.

LIC increases stake in ONGC to 5%

Aegis Global , BPO company run by Essar Group plans to raise funds by IPO.

Company may start IPO process late year end. Last IPO by the company was for ESSAR OIL back in 1995. ESSAR group had delisted ESSAR Steel some years back.

Aegis plans to raise RS. 700 Crores by issuing new shares and diluting promoter holding.

Current revenue stands somewhere around Rs. 2700 crores . Company has been valued at Rs. 8000 Crores

When the Essar group acquired Aegis four years ago, it was a loss-making company. However today, it has 135 clients and operations across 38 delivery locations around the world.

Aegis counts its global footprint and global delivery model as its strong points. It has a presence in United States, the Philippines, India, Costa Rica, Australia, South Africa, Kenya and Sri Lanka and is now said to be looking at a presence in Europe and Latin America. It services some of the leading companies in the banking, insurance, telecom, health, and travel and hospitality sectors across the world

Avatar movie has crossed Rs.100 crores collection in India.

This is the second highest grossed among movies in India. The first being 3 idiots .

Essar oil starts coal bed methane gas exploration in ranigunj WB. Company has started works much before reliance natural resources ltd.

Essar Exploration and Production Ltd, an arm of Essar Oil, will invest $400 million (Rs 2,000 crore) in its coal bed methane gas Ranigunj in West Bengal by 2012, a top company official said here Thursday.

In April, we will start production of 100,000 cubic metres per day and scale it up to three million cubic metres per day by 2012,” said Prem Sawhney, chief operating officer of Essar’s clean coal business. operating officer of Essar’s clean coal business.”We plan to bring the gas to Kolkata by laying a pipeline from Ranigunj,” Sawhney told reporters on the sidelines of a conference organised by Confederation of Indian Industry. Confederation of Indian Industry. The company has got another block in Rajmahal in Sawhney, however, said work on this block would take another year to begin as environmental clearance and other due diligence work would take time to get completed.

L&T forms a Joint venture with Malaysia-based SapuraCrest Petroleum

Source: Economictimes

Engineering and construction major Larsen and Toubro Ltd on Friday formed a Joint Venture with Malaysia-based SapuraCrest Petroleum to install pipelines and construct offshore rigs and platforms in India, the Middle East and South East Asia.

L&T chairman and managing director AM Naik told reporters in Chennai today that his company has awarded $75 million (Rs 5,500 crore) contract to SapuraCrest Petroleum.

“L&T will hold a majority stake of 60 per cent in it,” he said.

Company officials exchanged documents in the presence of Malaysian Prime Minister Najib Tun Abdul Razak.

The JV was conceptualised in 2007 to build, own and operate the Derrick Lay vessel LTS 3000. Construction of the vessel, worth USD 175 million, is over and it is expected to undergo trials in the last week of this month, he said.

Work on the Mumbai High North Field Project would commence in mid-November 2010, involving installation of four jackets and associated structures, which would be performed by LTS 3000 vessel and the project is expected to be completed by January 2011, he said.

Company executives later told reporters that the vessel would be highly beneficial for the JV, as they have a project order book size of $500 million.