Valecha engineering
Valecha Engineering Ltd., is an ISO 9001:2000 certified company presently lead by Mr. J.K. Valecha and engaged in civil engineering. Established in 1957, Valecha Engineering Ltd is a significant beneficiary of the infrastructure thrust witnessed by the Indian sub-continent, mainly in the road development sector. The company listed in the Bombay stock Exchange has created some of the most prominent civil engineering infrastructure landmarks of India and has positioned itself as a globally accepted construction and infrastructure development company.Valecha Engineering, a leading player in the construction industry having a Group Turnover of Rs.3000 Million, is engaged in the construction of major infrastructure & engineering projects such as;
Irrigation Dams, Reservoirs & CanalsRoads, Highways & ExpresswaysBridges & TunnelsRailwaysAirportsFoundation & Piling Works
Equipment available with the company
ROAD WORKS - Asphalt Paved: Hot Mix Plant, Crusher, Tippers, Vibratory Roller, Wet Mix Paver
ROAD WORKS - Concrete Paved: Concrete Batching Plant, Transit Mixers, Motor Grader, Soil Compactor, Concrete Paver
BRIDGES & STRUCTURES: Hydraulic Grab, Concrete PlacerPILING: Hydraulic Rig, Cranes – 320
OTHERS: Bentonite Mixing Pump
Some of the projects executed till date
Bridges across bhima and ghod rivers in maharashtrawaluj road bridgeBridge for konkan railMumbai's borivali national park flyover
The Prem Bari underpass for DTTDCArphal canal,karawadiBandup master balancing reservoirWarna manory dam in sangli district of maharashtraGuwahati bypass project
Satra kohlapur package for MSRDCUnder constructionMSRDC flyover at chemburPalam flyoverNHAI phagwara flyover Tunnels for konkan railwaysSatara tunnelPune nagpur road
The company has achived and eps of Rs3.3 for the quarter ending dec 07 with operating profit margins of 8.3%The stock is currently quoting around Rs 175and is a promising investment.
Monday, March 31, 2008
Todays top stories
Mutual funds investing in the realty sector to be spared of tax on income.
The economic times reports that the uncertainity on the tax treatment of the real estate mutual funds income is likely to end soon. The govt will exempt income generated by mutual funds that float schemes to invest mainly in realty stocks. Other mutual funds who invest in shares of realty firms will also be spared of tax on income. The dividend income of the unit holders who buy these products to reap benifits of realty boom will also be tax free.
Ispat to mine coal and iron ore abroad.
Economic times reports that following the lease agreement in colombia, muzambique and brazil for ironore,coking and thermal coal by global steel holdings, the holding company of ispat industries, three spv's would be created to own the mining rights. Global steel would hold the majority stake while ispat will pick up 20-30% stake in each spv. This would require ispat to bring in around Rs400-500 crores. Sources said that in brazil the estimated ironore reserves are 500-750 million tonnes. Coking coal reserves in other two countries is estimated at 130 million tonnes. Ispat industries plans to scale up its capacity from 3 mtpa to 10 mtpa by 2012-13.
New accounting norms likely to affect Q4 profits : Business standard
ICAI has asked companies to reveal forex derevative losses. Forex experts estimate that indian corpoartes may be sitting on a loss of Rs 12000 -20000 crores on its exposure to forex derivatives. The action is now likely to shift to company boardrooms who would be trying to minimize the losses which the companies are likely to do by unwinding their profitable trade to cover up the losses.
The economic times reports that the uncertainity on the tax treatment of the real estate mutual funds income is likely to end soon. The govt will exempt income generated by mutual funds that float schemes to invest mainly in realty stocks. Other mutual funds who invest in shares of realty firms will also be spared of tax on income. The dividend income of the unit holders who buy these products to reap benifits of realty boom will also be tax free.
Ispat to mine coal and iron ore abroad.
Economic times reports that following the lease agreement in colombia, muzambique and brazil for ironore,coking and thermal coal by global steel holdings, the holding company of ispat industries, three spv's would be created to own the mining rights. Global steel would hold the majority stake while ispat will pick up 20-30% stake in each spv. This would require ispat to bring in around Rs400-500 crores. Sources said that in brazil the estimated ironore reserves are 500-750 million tonnes. Coking coal reserves in other two countries is estimated at 130 million tonnes. Ispat industries plans to scale up its capacity from 3 mtpa to 10 mtpa by 2012-13.
New accounting norms likely to affect Q4 profits : Business standard
ICAI has asked companies to reveal forex derevative losses. Forex experts estimate that indian corpoartes may be sitting on a loss of Rs 12000 -20000 crores on its exposure to forex derivatives. The action is now likely to shift to company boardrooms who would be trying to minimize the losses which the companies are likely to do by unwinding their profitable trade to cover up the losses.
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