GMR Infrastructure - GMR DIAL announces attractive absorption policy for Airports Authority of India employees at IGI Airport
12/19/2006
GMR Infrastructure Ltd has announced that the Board of Directors of Delhi International Airport (P) Ltd (DIAL), a subsidiary of the Company, on December 18, 2006, has approved the proposal for the absorption of all General Employees of Airports Authority of India (AAI), working at Indira Gandhi International Airport, New Delhi.
DIAL is a joint venture company (JVC) comprising, GMR Group, Airports Authority of India, Fraport AG, Malaysia Airport and IDF.
As per the 'Operation, Management and Development Agreement' (OMDA), signed between AAI and DIAL, DIAL is to make offer of employment to a minimum of 60% of AAI employees based at IGI Airport during the Operation Support Period. The terms of the offer should be no less attractive in terms of salary and position, than the existing terms of employment.
It is observed that some of the employees have lot of inhibitions / apprehensions that in case DIAL was to offer and absorb 60% of the employees on selection basis, what will happen to the rest of the employees. Further, the employees are also concerned about being posted outside Delhi after the Support Period which may impact their children's education and well-being of their aging parents.
In order to address these concerns of the employees, DIAL has decided to extend the offer to all 100% AAI employees based at IGI Airport, New Delhi.
The salient features of the offer are as follows:
- All General Employees AAI to be given 2 increments on their basic salary, in their current scale.
- A one time lump sum joining bonus to be given to AAI employees.
- Effect of revision of pay and allowances due from Jan 01, 2007 will be protected.
- All existing benefits, designation, welfare measures, general conditions and leave entitlement wilt remain same.
- The employees will be given an opportunity to upgrade their skills to meet the future challenges effectively by imparting extensive training.
The attractive and fair offer would not only incentivise over 2300 AAI General Employee to exercise their option but would also mitigate and eliminate the uncertainty in their minds and will address concern(s) about their future career with IGI.
The DIAL management is confident that the offer will help speed up the modernisation process. The process of training and upgrading skills of all employees to match up to the technological advancement and ambitious target to achieving 3.5 Airport Service Quality ASQ will accelerate the process of converting the IGI airport into a world class airport before the Common Wealth Game 2010
As part of the recently submitted Master Plan to the Ministry of Civil Aviation and Airports Authority of India for the modernization of Indira Gandhi International Airport, DIAL will construct a new runway by 2008 to supplement the existing two. Cat III B complaint, 4430 m long Code F runway would be able to host A 380 type wide bodied large aircrafts.
In addition a brand-new integrated passenger terminal to cater to domestic and international traffic will also be built. This terminal will become operational in March 2010 and in its first phase be able to handle more than 37 million passengers per annum. The airport is being designed with an ultimate capacity of 100 million passengers per annum.GMR Infrastructure Ltd has informed that some of the world's most famous brands are now coming to the Delhi airport. Delhi International Airport (P) Ltd (DIAL) has awarded the Duty Free Shopping Contract for Indira Gandhi International Airport to 'Alpha - Pantaloon Consortium'. The consortium comprises the UK based Alpha Airports Group Plc and Pantaloon Retail (India) Ltd, a Future Group venture. An agreement was signed between GMR DIAL, and Alpha-Pantaloon Consortium.
The value of the contract for DIAL is at least Rs 500 crore. The term of the contract is 3.25 years.
The consortium promises to bring international retailing standards to Indian airports. The Alpha stores at Delhi Airport will feature an extensive range of products by some of the largest & most popular brands in the world. The brands for India have been selected after careful research in passenger demographics, customer profiling & destination requirements. Passengers can choose from brands such as Armani, Gucci, Christian Dior, Calvin Klein, Nike, Swatch etc.
Asia accounts for nearly 35 percent of the global duty free sales. Indians, especially are avid shoppers. The booming economy and international air traffic in India have created major opportunities in duty free sales in the country as well. No longer is duty free shopping just about loading up with as much cut-price liquor and tobacco as customs regulations back home allow. Instead, airports are increasingly becoming upscale bazaars, retailing premium goods, electronic products, gourmet foods and fashion accessories.
Alpha Airports Group Plc has extensive experience in duty free retailing with more than 140 retail outlets across 40 locations in the UK, Europe, USA, and South Asia. In Asia it has outlets in Cochin, Colombo, Kathmandu and Male.
Speaking on the occasion, Mr. Srinivas Bommidala - Managing Director DIAL said, "We are extremely pleased to appoint Alpha Future as the duty free operator for the Delhi Airport. Their extensive experience across the globe and in the country matches DIAL's vision for providing world class experience to travellers at the Delhi Airport."
DIAL is currently building a modern airport with state of the art facilities for Delhi. The first phase of the airport would be ready with the completion of a new integrated terminal building in 2010. This new terminal will cater to both domestic and international passengers and will be capable of handling 37 million passengers per annum. Prior to that a new domestic airline terminal and a third runway to complement existing two would be built by 2008.GMR Infrastructure Ltd has informed that GMR Hyderabad International Airport Ltd (GHIAL), a subsidiary of the Company has tied up with Accor Hotels and Resorts, Singapore, for operating its first Business Hotel at Rajiv Gandhi International Airport in Shamshabad.
The construction of hotel will commence shortly and become operational by the time new international airport takes off in March, 2008. The hotel will come up in a five-acre site approx. 2.75 km from the Passenger Terminal Building (PTB). The hotel, in all, will have 300 keys, of which 120 will be developed in the first phase.
The agreement is being entered with Accor group of hotels, Singapore. Accor operates in nearly 100 countries.
The lease term for operating the hotel is for a period of ten years, which can be extended further on mutual agreement. As per the agreement, Accor will operate, manage and maintain the Hotel in accordance with Novotel Brand standards as followed worldwide. Accor will also provide Technical support during the construction stage to build the hotel as per Novotel standards.
Market can show magic in this coming yearTechnology stocks have been one of the best performers. We continue to have an Over Weight rating on the sector as we believe it will see better days going forward.
Our optimism stems from the fact that most frontline companies continue to post good results and are expected to continue to do so over the next few quarters. Most companies have given good earnings guidance for the current financial year.
Generic indicators such as IT spend data, license revenue growth, results of US-based IT consulting companies, data related to salary increases for IT employees in the US & UK all point to a cyclical up-tick in IT spends. Indian software companies have also shown a strong increase in their fresh development revenues on the back of this development.
Going forward, we expect volume growth to continue to be the key revenue driver, although pricing should be stable. We believe that stocks should continue their recent out performance, given the strong underlying growth numbers.
However, the key threat is the rupee appreciation.
r the main magical strick is in the hands of IT stocks,
With robust growth in demand and limited capacity additions, cement prices which have been on the upmove and are expected to rise further. The tightening of the demand supply situation will enable the cement majors to continue enjoying pricing power.
. Cement majors recently hiked prices to the tune of Rs 5-10 in Southern Market and a hike of Rs 2-5 in the western market. The huge investments planned in the infrastructure sector are likely to keep the demand at a high level and with limited capacity additions in the coming years, cement majors are likely to witness margin improvements. The outlook for the sector is positive.
Indian steel industry, being the backbone of Indian economy, has flared well with Higher steel prices at global levels as well as price hike by domestic players. The current scenario indicates that the higher realization to continue for the current year. Higher realization and increase in volume on the back of expanding capacities would aid topline expansion for steel companies. The steel prices are expected to rule at current levels on the back of increasing demand from domestic as well as overseas market. Further, raw material prices are also ruling high. In this scenario, the integrated players would benefit the most. We recommend accumulating Tata Steel and Jinddal Stainless on every decline. Global aluminium prices are on upbeat and are expected to continue the trend. Hindalco and Nalco have increased aluminium prices by Rs4, 000 per tonne. Further with the rising demand, we expect the prices to rule firm at the current levels which would help companies to post better topline growth in coming years. Zinc is also moving northward and Hindustan Zinc has increased its prices by Rs3, 600 per tonne.
Parsavnath and Nuclues Softwear , Sesagoa i suggest for long term buy one can gain 60% in these three stocks lot of mutual funds and fii are holding these stocks in their kitty one sholud go long for these shares and iam sure that 60% return in a year one can get.
Indiabulls is a another stocks one can still gain 50% from current level in this fy07
Gmr infra ia another stock for delivery base one can get 100% bucks what he /she invested in 2007 he /she willget get 100% return
Acc is another good stock if one can buy infosys with is protfalio he will definatley get 35%40% return in this year.
We have the traget of 16800 this fy07 and we will also face trough some tough peroid in fy07 but long term story is still postive and the decline of fiscial deficit in fyo7 will help to boost economy
Happy new year
USA SPARROW
Rama Newsprint and Papers has some support at Rs 39. So since one is already invested in the counter, one definite strategy is keeping a stoploss below Rs 39. A very clear long term resistance which comes in for the stock is at Rs 47, and I think that’s what is really going to give the stock a long term direction. If at all Rs 47 gets taken through maybe in the next one or two weeks, one could be looking at a target range between Rs 55-58."
BUY TITAN INDS INTRADAY TRADING MARGIN CALL AT 840 TARGET 853.50 & 860 STOPLOSS 835
29-dec-2006 10:32
BUY PARSVANTH DEVELOPERS FUTURES AT 453 TARGET 463.50 & 468 STOPLOSS 448 (PARDE)
29-dec-2006 10:24
BUY CENTURY TEXTILES INTRADAY TRADING MARIGN CALL AT 735.50 TARGET 744.50 & 750.50 STOPLOSS 731
29-dec-2006 10:17
BUY INFOSYS TECHNOLOGY INTRADAY TRADING MARGIN CALL AT 2263 TARGET 2279 & 2289 STOPLOSS 2253
BUY BEML FTU TARG 1034
BUY INFOSYS 2267 TAR 2300
Gateway Distriparks Ltd (GDL) has won an operations and management (O&M) contract for the Conware container freight station (CFS) from the Punjab state government. The duration of the contract is 15 years. GDL will make an upfront payment of Rs 35 crore and play an annual fee of Rs 10 crore with an escalation clause of 5% on the same. The Conware CFS achieved a throughput of 55,662TEU and EBITDA of Rs13.8 crore in FY2006; the same translates into an EBITDA/TEU of Rs 2,500."
Conware CFS—sub—optimal utilisation
Bhel is going good at current level one can buy this stock with a full of confience many funds entering in this stocks with lot of interest one can se 20 to40% grouth from current leavel buy with atrg of 3217
BUY ASHOK LEYLAND DELIERY CALL AT 46.10 TARGET 51.50 & 53.90 STOPLOSS 42
BUY ERA CONTRUTION DELIVERY CALL WITH NO STOPLOSS
BUY INDIA INFOLINE DELIVERY CALL WITH NO STOP LOSS
ONE CAN BUY SESAGOA FOR DELIVERY AND IF ONE CAN TAKE POSTION IN F$O WAIT FOR MY CALL AFL A NEW ISUUSE COMES IN MARKET RECENTLY ONE CAN BUY WITH A TRAG OF 87 CMP 62
we will expect 20 to 40 % up in net profit for next quater as per the news we have from some reliable sources that many funds enterd in that stock with traget of 2134 so soon we see that traget on the screen the good time to enter in stock one can earn good so enter that stock will full of confidence dsp marinlich will book profit near 1834 one can book 25% profit here. here iam also giving list of some our holiding one can invest with full of confidence soon 10% return on the corner.
Company Sales (rs cr.) PAT (rs cr.) Market Cap (rs cr.)
Infosys Technologies Ltd. 9,028.00 2,421.00 125,283.48
Tata Consultancy Services Ltd. 11,230.50 2,716.87 116,972.06
Wipro Ltd. 10,227.12 2,020.48 87,110.01
Satyam Computer Services Ltd. 4,634.31 1,239.75 32,208.78
HCL Technologies Ltd. 3,032.92 638.38 20,103.78
History
YEAR EVENTS 2000 - Mahindra-British Telecom, a 60:40 joint venture between the Mahindra group and British Telecom, shareholders approved a proposal to raise funds through an initial public offer and an employee stock option plan.
- The Company proposes to raise funds through an initial public offer.
- The Company and Silicon Automation Systems Ltd (SASL) has forged a strategic alliance to develop solutions and product markets using the wireless application protocol (WAP).
- The Company's IPO is proposed to be of 53,18,633 No. of equity shares with a face value of Rs 2 each, at a price to be determined in accordance with SEBI guidelines for the fully book-built route.
2001 - Mahindra-British Telecom and the US-based Rockwell Electronic Commerce have entered into a 5-year strategic alliance and set-up a offshore software development centre in the city involving total capital cost of $4.5 million. - Software firm Mahindra-British Telecom plans to lay off 300 employees, or about a tenth of its workforce, a company spokesman told Reuters on September 25.
2004
-Gets Intellectual Property Rights (IPR) for the optical planning and design solution that formed part of Marconi's Netscient Software product suite - a trademark brand acquired by Marconi in 2001
-Mahindra British Telecom (MBT), the telecom software joint venture between the Mahindra Group and British Telecommunications Plc (BT) has announced the appointment of Premchand as chairman of TeleManagement Forum's New Generation Operations Systems and Software (NGOSS) Security Team.
-Mahindra British Telecom (MBT) has signed a solutions partner agreement with UK-based Cramer, a major player in inventory-powered back office automation for telecom service providers
-MBT has joined three International Systems Security Engineering Association (ISSEA) as its corporate member
-Mahindra British Telecom (MBT), the IT services provider to the telecom industry, has signed a global partnership agreement with Netegrity , provider of identity and access management solutions
2005
-MBT launches new software for language conversion
-Cyclone Commerce join hands with MBT
2006
-Tech Mahindra's IPO shares will be priced between Rs 315 and Rs 365 a share. The offer will open on August 1 and close on August 4. The company plans to raise up to Rs 465 crore through the issue, which offers 12.75 crore shares for sale. The company had reached critical mass and it had decided that the time was right for the offer.
-The initial public offering (IPO) of Tech Mahindra, a joint venture between Mahindra and Mahindra Ltd and British Telecommunications PLC, was subscribed 1.26 times on the first day of the issue.
-Motorola joins hand with Tech Mahindra to form CanvasM Tech Mahindra reports Rs 177cr net profit in Q2 10/19/2006
Tech Mahindra has posted a consolidated net profit of Rs 177 crore for the second quarter of the current fiscal five times the corresponding year-ago figure of Rs 37.4 crore, or 373 per cent higher. The profit increase for the quarter was driven by higher revenues - up by 180 per cent, at Rs 698 crore (Rs 247 crore), and aided by a tax refund of Rs 33.9 crore
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tec mindra cmp1628 targ 1700
After three days of rally, the Sensex could encounter profit-booking anytime. It is now trading close to its previous all-time high. Watch the 13,820 level. A dip below this level would confirm short-term profit-booking. If it crosses the level, the uptrend will continue.
Nifty Future shifts to premium of 7 points from discount of 2. Look for profit-booking at pull-back to base-line after 3 up days. Watch crucial support at 3,967 for weakness.
Wockhardt holds strong presence in Indian market and has shown robust 28.6% CAGR growth over past four quarters. We expect the company to outperform the industry by growing at a CAGR of 18.5% over CY05-09. Recent acquisition of Pinewood in Ireland will fortify the company’s presence in UK and total revenues from the territory will contribute over a half of total sales. The Protinex and Farex brands shall strengthen the nutritional segment with annual revenues being Rs 600 million and the brands are expected to contribute to the bottomline from next fiscal. At CMP of Rs 340, the stock is trading at 11.6x CY07E and 9.7x CY08E earnings. We recommend a buy on the stock with a price target of Rs 476."
BUY TISCOINTRADAY TRADING MARGIN CALL AT 480TARGET 487.50 & 496 STOPLOSS 475.50
The think the market has done much more than what anyone could have forecasted even in the middle of the year. We have perhaps surpassed capital appreciation in the index more than even the earnings growth that we forecast for the year, which is about 30-35%."
Based on the fact that all investors, FIIs and domestic, are looking forward to earnings growth in FY07-08, he is bullish on the India story.
Going into January, we says that there will be volatility in the markets, as money may enter the markets on correction. He advises to invest in growth companies in FY07-08.
Tom you will see correction in the market many funds stay with cash when market gives downword singal than see first if nifty breakes 3900 level it come immediately comes to 3850 tahn it was agood time to enter in few stocks one can take future postions in R-com , infosys BhartiAirtel, Saytam comp and for delivery clients can easily enter in TV18, ICICIBANK, HDFC, SSI FINACE MICROTEC, MAX ,indian hotal, iflux iam agin stress on iflex it will cross 3000 in 6 monts
YEAR EVENTS 1994 - SSL Finance Ltd. was incorporated on 15th November, and obtained the Certificate of Commencement of Business on 2/12/1994. The Company has been promoted by Mr. D.Ravisankar & his associates.
- The company has leasing & hire purchase. The company has also applied for Merchant Bankers registration under to SEBI, Regional Office for Category III.
1996 - The Company has proposed to tap the Public Deposit Market to mobilise funds to augment the resources and to deploy the same in the areas of Hire Purchase Finance and Equipment Leasing.
1999 - The scrip of Archana Software Ltd, is known as SSL Finance Ltd until January 10, has been a seeing an uptrend on the National Stock Exchange (NSE).
- Though the company has changed its name to Archana Software, its shares continue to be traded under the old name on NSE.
2000 - The company proposes to enter into the field of information technology. It will begin with a new division, Aasheesh IT Education, which will focus on IT education by setting up 150 outlets through franchise route.
THE STOCK WILL SHOW BUY SINGAL BUY WITH TARG OF 100 CURRENT STOCK IS RUNNING AT61.90
"BSEL Infrastructure is showing some signs of an upward movement. It has taken support on the 200-day moving average. It has crossed its lower top of Rs 58.70. So I think it is heading towards Rs 70 and if it is able to cross Rs 70 then we are into a very strong upmove. But till then we could expect a range bound movement of 270 or maybe on a downside on a 50-55. On the whole one can be on buying side. It looks to be heading up from hereon."
BUY WIPRO INTRADAY TRADING MARGIN CALL AT 601 TARGET 609.50 & 612 STOPLOSS 598
27-dec-2006 12:21 BUY MTNL INTRADAY TRADING MARGIN CALL AT 142.85 TARGET 145.90 & 146.70 STOPLOSS 141.70
EXIT LONG POSITION IN SATYAM COMPUTER AT CMP 485
27-dec-2006 11:10 BUY TITAN INDS INTRADAY TRADING MARGIN CALL AT 801 TARGET 816.50 & 825 STOPLOSS 795
27-dec-2006 10:49 BUY BOMBAY DYEING INTRADAY TRADING MARGIN CALL AT 735 TARGET 744.50 & 754.50 STOPLOSS 729
27-dec-2006 10:32 BUY HPCL INTRADAY TRADING MARGIN CALL AT 275 TARGET 282.50 & 284.50 STOPLOSS 272
27-dec-2006 10:24 BUY CENTURY TEXTILES INTRADAY TRADING MARGIN CALL AT 720 TARGET 729.50 & 734.50 STOPLOSS 715.50
27-dec-2006 10:16 BUY ASHOK LEYLAND INTRADAY TRADING MARGIN CALL AT 44.50 TARGET 45.90 & 46.50 STOPLOSS 43.90
27-dec-2006 10:14 BUY SATYAM COMPUTER INTRADAY TRADING MARGIN CALL AT 484 TARGET 491.50 & 494.50 STOPLOSS 480.50
