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Editor's Desk Highlights of the Concall The throughput during quarter ended December 2008 stands at 3.22 million tonne. The company had tailored production to optimize crack margins by upgrading the entire Naphtha to Gasoline and HSD & maximization of middle distillates at 53%. Domestic sales of the company formed 78% of the total turnover (Rs 6551 crore) … Read more Essar Oil – Phase II expansion project delayed to December 2011
Anil Ambani lead Reliance Power has speeded up talks with various equipments major for striking a deal in a move to initiate work on the much delayed 7,480 mega watt power project in Uttar Pradesh. The company is currently negotiating with equipment majors such as General Electric (GE),Bharat Heavy Electricals (BHEL), Alstom and a couple … Read more Reliance Power speeds up negotiations for mega power project
In a move to compensate ailing fertilizers industry during the current financial year, the government has announced the issue of 6.65% Fertilizer Companies Government of India Special Bonds, 2023 for Rs 6,000 crore. Any investments in this instrument made by banks and insurance companies would not be considered as an eligible investment in government securities … Read more Govt releases Rs 6,000 cr fertilizer bonds
Highlights of the call The management has maintained its full year guidance of 32% revenue growth. For Q4FY09, the management expects revenues of Rs 415.62 crore. Operating EBIT for FY09 is expected at 10-10.5%. The Company expects to bounce back in Q4FY09 but will not reach targets levels due to domestic business still in ramp … Read more Firstsource Solutions Might miss FY09 target of 32% revenue growth
The government has amended rules for suppliers of goods to special economic zones (SEZ) to claim export incentives like duty draw backs in the domestic currency and simultaneously asked the developers to provide housing to staff and workers within the tax-free enclaves. And the tax benefits and concessions have been extended to the sub contractors … Read more Govt amends SEZ rules to benefit developers
Kale Consultants, a leading solutions provider to Airline, Logistics and Travel (ALT) industry, has entered into a multi-year outsourcing contract with Wataniya Airways, Kuwait’s new full service luxury airline. As part of the deal, Kale will deliver complete outsourced revenue accounting and passenger audit services from its delivery centre. Kale will put into service its … Read more Kale Consultants enters a outsourcing contract with Wataniya Airways