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GTL Infrastructure (GIL) is planning to triple its telecom towers from current 8,300 to 25,000 by March 2011 for an investment of $2 billion. The network services provider is planning to take the number of towers up to 11,000-12,000 by the end of this calendar year. The funding for the same is to be done … Read more GTL Infra to triple the number of telecom towers by 2011
Suzlon Energy, the wind energy major after recently suspending plans to raise Rs 1,800 crore by way of a rights issue, is now planning to raise money through an ADR issue and/or a preferential allotment. The company recently put in a request with foreign investment promotion board (FIPB) to raise funds through ADR preferential allotment … Read more Suzlon Energy to raise Rs 1,800 crore through ADRs
Highlights of the call For the quarter ended December 2008, on consolidated basis, NTL reported 22% sequential dip in operating revenues at Rs 148.40 crore. OPM dipped 360bps at 20.9%. Other Income surged at Rs 9.97crore against Rs 0.16 crore in the sequential quarter with depreciation charge up 13% at Rs 19.95 crore. Tax for … Read more Northgate Technologies Online Media Properties to drive revenues
Highlights of the call The management has seen slowdown in delivery of projects by realty players. In terms of footfalls, October was a slow month with footfalls down 13-14% on y-o-y basis. November was a better month with 3-4% growth on y-o-y basis until the Mumbai attacks. The first 15 days of December were bad … Read more PVR Pictures to produce 4-6 movies a year
Key takeaways of the conference call Sales for the quarter ended Dec 2008 was up by 25% Rs 886 crore. The PAT was Rs 24.97 crore as against Rs 52.30 crore in the corresponding previous period. The corresponding previous quarter is an exceptional one with un-precedented EBITDA margin of over 14% which could not be … Read more KEC International – No Slowdown in orders for another 6-8 months
Automobile major, Bajaj Auto, has clocked fall in two-wheeler sales by 34%, to 110,363 units in January 2009 as against 167,592 units in the previous year month. While, the three-wheeler sales plunged to 21,985 units as compared to 24,601 units in the last year period. However, exports rose by 24%, to 54,027 units during the … Read more Bajaj posts fall in two and three wheeler sales in Jan, exports up