Member Zone Free Zone
Enter search phrase or stock name or username to search
Stock Query
Big Gems
Medium Term Investments
Regular Income Bluechips
Multibagger Stocks
Index View
Futures Calls
Option Calls
Cover Feature
What's Buzzing
IPO Analysis
Market Gossips
Nifty Contribution
Result Calendar
Sudden Movers
SPT TV Schedule
Invalid Session
You might have logged in from other device. Please close this message to login again.
Austral Coke
By Research Desk
Austral Coke and Projects, the flagship company of Gremach Infrastructure Equipments and Projects Ltd. has filed its DRHP with SEBI on <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />13th November 2007 to enter the capital market with an IPO of one crore equity shares of Rs.10 each at a premium to be determined at a later date by the book building process.
The company proposes to list its shares on BSE & NSE. Allbank Securities is the BRLM to the issue.
The company is involved in the manufacture of coke and in the business of refractory, textile sectors and providing rental of construction/earth moving machineries to companies engaged in the business of construction. Now the company proposes to establish a 3 lakh metric tonne greenfield coke manufacturing plant in Sindhudurg in Maharashtra. It intends to set up a refractory unit in Kutch, Gujarat and a submerged arc welded (SAW) pipe plant in Saurashtra with an installed capacity of 70,000 mtpa for which the company plans to acquire seven acres of land. The company also plans to set up a captive power plant of 8 MW.
The company's expansion is already underway at its existing coke manufacturing unit in Kutch. Phase I of the expansion is over and Phase II is in progress.
The proceeds from the issue are intended to be deployed for setting up of captive power plant of 8 MW at a cost of Rs 30.77 crore at Sindhudurg in Maharashtra; for setting up a 1.50.000 mtpa of low ash metallurgical coke (LAM-Coke) also at Sindhudurg at an outlay of Rs.78.12 crore and for acquiring coal mines in India and abroad and to acquire more prospecting licences, the cost of which is estimated at Rs 40 crores.
For the year ended March 31, 2007, the company posted net income of Rs190.31 crore and net profit of Rs.9.15 crore compared with Rs.128.11 crore and Rs.2.02 crore respectively for FY 06. For the period ended 30-06-07, the company reported income of of Rs.59.36 crore and net profit of Rs.6.78 crore.
Xelpmoc Design
No comment posted for this article.
Cords Cable
Get Daily Pre Market Trading Calls. Click For Info.
Click for Membership
KNR Constructio...
( For more than one recipient, type addresses seperated by commas. Max 5 recipients. )
Please login to like the article.
Join our Newsletter Get free content delivered to your inbox !
* By clicking Register, you agree to our terms of use
11 Golden Rules of Investing
Grey Market Premium in IPOs
Small, Mid, Large Cap Stocks
SPT Investment Advisory Services Private Limited, having its registered office at 6/40, Tardeo AC Market, Tardeo, Mumbai 400 034, is a SEBI Registered Investment Advisor (SEBI Registration Number: INA000000326 valid till 23/11/2023), owns and operates www.sptulsian.com. We have been operating this website since 2007 and got SEBI registration in 2013, when the Investment Advisor regulations were first introduced by SEBI. We provide purely listed stocks advisory services only, to our clients, through this website only, by charging Monthly or Quarterly Fees, as our Professional charges and do not offer any execution or distribution services, of any nature whatsoever to our clients. Clients are required to handle their funds on their own, with their respective stock brokers and they themselves are responsible for executing the trades at their own end. We do not have any affiliation with any other intermediaries and we do not advise any broker to our clients for executing their trades as well. Disciplinary History: SEBI has not imposed any penalties against the company or its directors for any economic offence and / or for violation of any securities laws, either in respect to advisory services being offered by us, or any other matter related to capital market, as on date. Disclosure: We have also not received any complaints in the past month regarding our services (refer table for data in SEBI prescribed format). Detailed information on Statutory Disclosure available on Terms of Use page. Stock prices data is sourced from BSE and is 5 mins delayed data. Detailed Terms and Conditions are available on https://www.sptulsian.com/terms-of-use.
Number of Complaints
At the beginning of the month Received during the month Resolved during the month Pending at the end of the month Reasons for Pendency
Copyright © 2021 SPTulsian.com Investment Adviser. All rights reserved.
Enter your email to get free stock market updates in your inbox !
You can also get updates via our mobile app.