Cheers
Stock made new 52 week High at 25.90
i have some how managed to keep the holding intact after taking my initial exposure at 16-18 levels.
Part of my core holding
Hope many of us are holding from much lower levels.
T.T.T
cheers
stock trading at 21.10
near days high
almost 25%+ returns.
Holding it in core portfolio now.
T.T.TOn Wed, Sep 22, 2010 at 10:41 AM, Tech traders <ttt1947@gmail.com> wrote:
Cheers
Stock trading at 18.30
High of 19.30
Front Page
Special Correspondent
Proposal to set up fertilizer plants
Rosaiah to consider Oswal group offer
Request for gas allocation forwarded to the Petroleum and Natural Gas Ministry
The company would also establish a 100 mw capacity power plant
HYDERABAD: The Oswal Chemicals and Fertilisers Limited has offered to set up Rs.5,000-crore urea plant and Rs.2,000-crore di-ammonium phosphate plant in the State. The offer was made by Abhay Oswal, chairman and managing director of Oswal Chemicals and Fertilisers to Chief Minister K. Rosaiah during their meeting here on Tuesday.
The Chief Minister agreed to positively consider the proposal at the earliest.
In view of increasing need for fertilizer being felt by the State, Mr. Oswal made the proposal for setting up 1.2 million tonnes a year capacity urea plant based on natural gas that could employ 5,000 labourers during construction phase and 100 skilled and unskilled manpower after the commission of the plant.
A request for gas allocation for the project has already been forwarded by the Union Chemical and Fertilizers Ministry to the Petroleum and Natural Gas Ministry, according to a press release from the Chief Minister's Office. Mr. Oswal told Mr. Rosaiah that the company would also establish a 100 mw capacity power plant using surplus steam from urea manufacturing facilities supplemented by coal.
Phosphoric acid
Another proposal made by him was to set up one million tonne capacity di-ammonium phosphate plant with an investment of Rs. 2,000 crore. Phosphoric acid required for the plant will be imported from Syria. Similarly, requirement for ammonia will be met from surplus ammonia from urea plant.
The di-ammonium plant will employ 3,000 workers during construction and 700 after the commencement of the plant.
Offsite facilities
The company has one million tonne a year capacity ammonia urea complex with utilities and offsite facilities at Shahjahanpur in U.P. and a two million tonne a year di-ammonium phosphate plant at Paradip in Orissa, reportedly single largest manufacturing facility in the world.
Ammonia plant
The group has set up gas-based ammonia plant of 2,200 tonnes per day capacity in Western Australia.
Chief Secretary S.V. Prasad, Advisor to the Government on Industries Peter Hassan, Principal Secretary (Industries) B.P. Acharya, Principal Secretary to the Chief Minister Sam Bob and other officials attended the meeting.
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Send this article to Friends by E-MailOn Tue, Sep 7, 2010 at 5:59 PM, Tech traders <ttt1947@gmail.com> wrote:Co.. is Trading at 77% discount to its NAV.
Co.. had sold its urea plant in 2005 to IFFCO for 1800 crs+
The proceeds of the same has been invested in Real estate (Mumbai real estate-chembur) and Investment division( Liquid assets)
« Previous Years
Balance Sheet of Oswal Chemicals and Fertilisers
------------------- in Rs. Cr. -------------------
Mar '05 Mar '06 Mar '07 Mar '08 Mar '09 12 mths 12 mths 12 mths 12 mths 12 mths Sources Of Funds Total Share Capital 744.87 496.81 256.81 256.81 256.81 Equity Share Capital 256.81 256.81 256.81 256.81 256.81 Share Application Money 0.00 0.00 0.00 0.00 0.00 Preference Share Capital 488.06 240.00 0.00 0.00 0.00 Reserves -334.37 1,237.12 1,334.53 1,584.35 1,608.22 Revaluation Reserves 0.00 0.00 0.00 0.00 0.00 Networth 410.50 1,733.93 1,591.34 1,841.16 1,865.03 Secured Loans 2,355.03 0.00 14.51 0.00 0.00 Unsecured Loans 0.00 19.46 0.00 18.13 0.84 Total Debt 2,355.03 19.46 14.51 18.13 0.84 Total Liabilities 2,765.53 1,753.39 1,605.85 1,859.29 1,865.87 Mar '05 Mar '06 Mar '07 Mar '08 Mar '09 12 mths 12 mths 12 mths 12 mths 12 mths Application Of Funds Gross Block 3,691.34 139.94 142.06 141.55 141.79 Less: Accum. Depreciation 1,642.79 114.81 116.53 117.60 118.87 Net Block 2,048.55 25.13 25.53 23.95 22.92 Capital Work in Progress 49.77 0.00 0.00 0.00 0.00 Investments 48.98 20.40 20.91 147.80 20.44 Inventories 543.58 37.19 106.42 177.67 158.00 Sundry Debtors 289.21 310.92 229.41 277.69 219.04 Cash and Bank Balance 1.85 263.80 2.68 45.86 14.63 Total Current Assets 834.64 611.91 338.51 501.22 391.67 Loans and Advances 33.10 214.82 735.25 1,133.94 1,351.20 Fixed Deposits 8.87 1,019.83 638.51 175.34 177.63 Total CA, Loans & Advances 876.61 1,846.56 1,712.27 1,810.50 1,920.50 Deffered Credit 0.00 0.00 0.00 0.00 0.00 Current Liabilities 257.60 137.95 148.15 121.51 96.50 Provisions 6.03 0.75 4.72 1.45 1.51 Total CL & Provisions 263.63 138.70 152.87 122.96 98.01 Net Current Assets 612.98 1,707.86 1,559.40 1,687.54 1,822.49 Miscellaneous Expenses 5.23 0.00 0.00 0.00 0.00 Total Assets 2,765.51 1,753.39 1,605.84 1,859.29 1,865.85 Contingent Liabilities 73.94 47.00 124.62 120.33 115.41 Book Value (Rs) -3.02 58.17 61.97 71.69 72.62
Would like to know the feedback of other members on the same.
Technically stock has consolidated around 16-17 zone in last one month,
For me management is not that reliable.
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THE TECH TRADERS
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THE TECH TRADERS
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THE TECH TRADERS
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THE TECH TRADERS
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