While the performance of Lanco Infratech power business was strong, the disappointing show by its construction and EPC business resulted in a dismal March 2011 quarter.
The Street cheered Reliance Power's better-than-expected result on Friday. After coming out with the initial public offer in FY08, the company has posted its first operating revenue from power generating assets in FY11.
Given inflationary pressures, Coal India will have to raise wages. This is due in July. In FY11, wage costs accounted for over 50% of total expenditure.
The outlook for the company remains positive with its ongoing capex and strong domestic demand for power transmission services.
India's largest fully integrated power company showed a muted growth of 6% in its earnings for the financial year 2011.
India’s largest power producer NTPC surprised the market with a smart 38% growth in profits in the March 2011 quarter.
Around 10% of the book was covered at the top end of the price band, with bids coming in from domestic institutions.
The inflationary pressures are unlikely to ease anytime soon, which can prompt the company to go for another round of price hikes.
Seven of the eight companies that got listed since 2008 are currently trading below their issue price.
Investors have given a thumbs down to Smartlink Network Systems’ decision to sell its core business, even though the deal is richly valued.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon