Pennar Industries-Catching Up With The Growth Momentum BSE 513228; CMP Rs 37 FY10 Revenues: Rs 820 Cr; PAT Rs 50 cr; EPS Rs 4, Div: 0.75p
Strong opportunity for sustained growth
Indian Railways
o Has announced plans to invest heavily on infrastructural projectsduring the 11th Five Year Plan (2007-2012) o Will acquire 18,000 wagons in the fiscal year 2010/11, up by 11,000from last year. o Plans to substitute older wagons with stainless steel wagons Current Railway Budget has given impetus to the growth in wagons by o o o Position of Strength • ICF, Texmaco & railway workshops. • • o floors, wagon segments, stainless steel profiles, etc. Moving up the growth curve Plans to: • members. • at Hyderabad on a PPP basis with the Indian Railways Pre-Engineered Buildings Logistics sector for rapid buildup of warehousing capacity Warehousing market is expected to grow at 40% from Rs 10000 crore in 2008 to Rs 27500 crore in 2013. Capacity expansion to handle 35 million metric tonnes by 2012 Rs 2,500 crore expected to be invested in new warehousing during three years. • Two dedicated freight corridors- Ludhiana-Kolkata and Delhi-Mumbai of 2700 kms at a cost of Rs 3,250 crore in phase I will set up new hubs of industrial activity by 2012. Four more dedicated freight corridors in phase II will increase industrial expansion.
Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
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