Bharti must win the upcoming 3G Auction. It must be the top winner and company has the resources to make it happen. This is critical to launch the full arsenal of high value services. Many investors are losing faith in Bharti and Reliance Communications, but we differ. There’s no way India can grow without these two companies as the communication pillars. Once the “sector re-rating” dust settles, we will see both these companies have brought in new revenue streams to support the EPS. Continue reading Bharti Must Win 3G Auction
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Suzlon Energy Gets 21 MW Order From Grant County Wind Farm, Minnesota, USA
Suzlon Energy Limited has informed the Exchange that “Suzlon Wind Energy Corporation, the USA, a step-down wholly owned subsidiary of the Company has received a new order for the community-based Grant County Wind Farm in South-Western Minnesota, USA. Developed by Juhl Wind (Juhl) of Woodstock, Minnesota, the project consists of 10 Suzlon S88 2.1 MW wind turbines and at full capacity will produce 21 megawatts, enough energy to power 7,000 homes in the area. Construction on the site has already begun and the wind farm is expected to be in the area. Construction on the site has already begun and the wind farm is expected to be in commercial operation in the first quarter of 2010.”
Grasim Board Approves Merger of Samruddhi Cement into UltraTech Cement
Grasim Industries Ltd. has informed the Exchange that the Board of Directors of Samruddhi Cement Limited (“Samruddhi”), an unlisted subsidiary of Grasim Industries Limited ( the “Company”), in its meeting held on November 15, 2009, has approved the merger of Samruddhi into UltraTech Cement Limited (“UltraTech”), a listed subsidiary of the Company.The merger is proposed to be undertaken through a scheme of amalgamation under Sections 391-394 of the Companies Act, 1956. Continue reading Grasim Board Approves Merger of Samruddhi Cement into UltraTech Cement