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India Equity Research Reports, IPO and Stock News
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MAHARASHTRA SEAMLESS: Key takeaways
�� The company should end the year with a volume of ~0.21 mn tons in the seamless
segment. In FY2012E, the company should be able to grow volumes by 50,000 T
primarily by ramping up production from the new plant (0.2 mn tons capacity).
�� It should start taking orders for the new plant from June’11.
�� The production in the new plant should scale up to 0.1 and 0.15 mn tons in FY2013E and
FY2014E, respectively.
�� The company has got an allotment of 5 MW in putting up a solar power plant in Pokhran
in Rajasthan; bids have been invited for the EPC contract and PPA has been signed with
NTPC at a rate of Rs12.24. It would involve total investment of Rs750 mn. The project
would have a payback period of six years.
�� The industry has submitted fresh evidence on dumping by the Chinese players in the
Indian market, to the Indian government. Government should come out with the final
verdict after review of the fresh evidence.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
MAHARASHTRA SEAMLESS: Key takeaways
�� The company should end the year with a volume of ~0.21 mn tons in the seamless
segment. In FY2012E, the company should be able to grow volumes by 50,000 T
primarily by ramping up production from the new plant (0.2 mn tons capacity).
�� It should start taking orders for the new plant from June’11.
�� The production in the new plant should scale up to 0.1 and 0.15 mn tons in FY2013E and
FY2014E, respectively.
�� The company has got an allotment of 5 MW in putting up a solar power plant in Pokhran
in Rajasthan; bids have been invited for the EPC contract and PPA has been signed with
NTPC at a rate of Rs12.24. It would involve total investment of Rs750 mn. The project
would have a payback period of six years.
�� The industry has submitted fresh evidence on dumping by the Chinese players in the
Indian market, to the Indian government. Government should come out with the final
verdict after review of the fresh evidence.
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