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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 9319
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   Posted: 13/Dec/2007 at 5:12pm |
Three domestic power companies have submitted indicative bids to acquire Singapore-government owned Tuas Power.
While Tata Power and Reliance Energy have decided to bid on their own, Bangalore-based GMR Infrastructure has formed a consortium with Macquarie Bank and Kuwait Fund for the purpose.
The price tag for the foreign asset could be at around $2 billion (Rs 8,000 crore).
Industry sources said other interested parties include Hong Kong's China Light & Power, Hongkong Electric, Japan's Marubeni, Singapore's SembCorp Industries, Tokyo Electric Power Co, Australia's Babcock & Brown, General Electric and International Power Plc of the UK.
Tuas Power has a capacity of 2,670 Mw and accounts for 26.1 per cent of Singapore's electricity generation. It was put on the block by its promoters, the government-owned investment company Temasek.
Tuas Power posted a net profit of $121 million (Rs 475 crore) on revenues of $1.6 billion (Rs 6,300 crore) last year.
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Life can only be understood backwards—but it must be lived forwards
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deveshkayal
Senior Member
Joined: 04/Sep/2006
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Posts: 3903
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Posted: 13/Dec/2007 at 5:33pm |
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BGR IPO subscribed 111 times. Reliance Diversified Fund bought thru pre-IPO placement, so one can continue to expect great returns from this fund !
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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subu76
Senior Member
Joined: 25/Feb/2008
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Posts: 5709
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Posted: 25/Sep/2011 at 5:59pm |
Out of 15 stocks in the 2011 worst performer list on Dalal Street magazine amongst large companies 7 stocks belonged to the power sector. Clearly they've underperformed big time. BGR Energy, Crompton, Reliance Power, Lanco, GVK and one more.
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Jehan
Newbie
Joined: 22/Jul/2011
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Posts: 9
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Posted: 25/Sep/2011 at 7:59pm |
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More than 50% of the orders in the 12th 5 year plan (2012-17) have been allotted. Allotment for the 13th plan will start in FY14/15, hence there is little left on the table over the next couple of years and there could be further de-rating in capital goods stocks.
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subu76
Senior Member
Joined: 25/Feb/2008
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Posts: 5709
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Posted: 25/Sep/2011 at 11:36pm |
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Jehan, amongst the power producers who is the horse to bet upon? (Implies will complete the project and earn the promised moolah)
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Jehan
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Joined: 22/Jul/2011
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Posts: 9
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Posted: 25/Sep/2011 at 12:35pm |
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Hi, sorry, don't have much knowledge on generation space.
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subu76
Senior Member
Joined: 25/Feb/2008
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Posts: 5709
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Posted: 25/Sep/2011 at 9:50am |
Jehan, so you statement above was for the equipment providers? Any idea if their exists any meaningful competition for Crompton in Indian markets now that it has ramped up capabilities in a major way. Crompton seems to have lost investor confidence
Edited by subu76 - 25/Sep/2011 at 9:51am
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mss.lntecc
Newbie
Joined: 19/Sep/2011
Location: India
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Posts: 7
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Posted: 28/Sep/2011 at 4:11pm |
i think from current level power stocks should accumulated. Because it felt badely due to some slowdown expectation as bank rates move up very badely and they does have a huge bank loans for financing the projects. But from now bank rates would be stabilize to decline in mid-term. Also power is the most important utility in our country. It's demand will never decline.So the companies which are generating power with different business plan should be bought. Like "ORIENT GREEN POWER" really on very cheap valuation. Also JSW ENERGY and R_POWER will multiply your money in long term. So for 2-3 years just buy and forget. 
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