World Economy

Sep 18, 2007

http://incentaclick.com/nclick.php?id=5318&cid=3567
Fed cut rate 50BPS ENJOY THE PARTY WITH YOUR MONEY AND BE HOLD THESE IF U DONOT BUY BUY BUY : we are very much bullish on Tcs and Infosys and TEC MINDHRA Sesagoa edcomp computer < it acuries 70% stake in canda based slovica>bag films donot mis these stocks 25% appreciation till December



Fundamental Pick of the Week

which is likely to give a return of 20% or more over a 3-6 month perspective.
Potential upside: 20%
Current Price: Rs1490 Target Price: Rs 1788
Time Frame: 3-6 mths
Kalpataru Power
Fundamental Pick 1
Date: 14 Sept, 2007
Fundamental Pick of the Week
Kalpataru Power Transmission is a turnkey player in design, fabrication, construction and erection of transmission lines and
sub-station structures. The company has slowly diversified its business model without diluting its core competence in the
transmission segment by foraying into pipeline infrastructure and civil contracting.
Kalpataru Power is one of India's leading companies in the field of turnkey projects for EHV (extra heavy voltage) transmission
lines up to including 800 KV. It also provides EPC services for distribution projects of 11/33 KV and has forayed into the lucrative
pipeline contracting business.
The company exports tower parts of over 80,000 metric tonnes (MT) to several countries. It has executed jobs for reputed
international companies such as ABB, Alstom, EnelPower, Sumitomo, Downer, Cobra, etc. It is a part of the diversified
Kalpataru Group, which has a presence in real estate/property development, civil contracting, international trading and
consumer goods & services. The Kalpataru group holds over 76% of the equity.
Massive thrust on infrastructure, including power
The central government plans to increase installed power generation capacity to 200,000 MW by 2012 from the present
140,000 MW. This would facilitate the expansion of regional transmission network and inter-regional capacity to transmit
power.
The regional grids are to be integrated to form the national grid where by power in region of surplus can be transferred to
another, resulting in the optimal utilization of generating capacity. With the proposed addition of 20,700 MW, the total interregional
transmission capacity is expected to be 37,150 MW at the end of the 11th Five-Year (2007-12) when the National grid is
expected to be fully operational. Setting up a National grid requires the gradual strengthening and improvement of regional
grids and their progressive integration, through EHV and HVDC transmission lines. An investment of Rs 70,500 crore has also
been proposed to link all the regions in the country.
In the budget for FY08, the government has proposed seven more Ultra Mega Power projects. Further initiatives include
facilitation of setting up of merchant power plants by private developers and private participation in transmission projects
through the independent power transmission company (IPTC) and JV route.

by erectusplus at 11:54 AM |