Gremach Infra

News Update

Posted by : bhojas

Gremach in talks to sell stake in Mozambique arm
Amit Mitra
Mumbai, Oct. 1 Gremach Infrastructure, which has struck coal in Mozambique, is in advanced stage of talks with an Indian steel producer and three foreign mining and steel companies for 5 to 10 per cent equity sale in its Mozambique mining arm, Osho Gremach.
Osho Gremach, which owns 75 per cent stake in the Mozambique coal mines in Moatize region, plans to start coal production from the mines by April 2009.
Gremach expects to raise $50 million through equity dilution, which will be utilised to buy mining equipment and start production at the Mozambique facility.
Without naming the Indian steel maker that is in the race to pick up equity in the mining company, Mr Rishi Raj Agarwal, Vice-Chairman and Managing Director of Gremach, only said it was a “big steel maker in the private sector.”
Indian steel companies such as Tata Steel, Jindal Steel and the Mittals have been looking for buying coal and iron ore mines outside India to meet their raw material security needs. Tata Steel recently acquired 35 per cent stake in Australian firm Riversdale Mining coal project in Mozambique for about $ 85 million. India is estimated to be importing nearly 95 per cent of its coking coal requirement.
Earlier, Gremach was planning a bigger equity dilution to raise about $100 million, but as the Mozambique mine turned out to be an open cast one, it decided to whittle down the quantum of dilution. “We expect to complete the process of equity dilution in the next three months,” Mr Agarwal told Business Line.
Drilling operations
The company was granted 11 prospecting licences in Mozambique last year, covering over 13,500 hectares. Out of this, it undertook drilling operations in two licences, where they have stuck coking coal in depths of barely 1.5 mts. This region falls in Karoo basin that is recognised as a prime coal bearing area in Africa—the basin starts from South Africa and travels up to Kenya, covering parts of Mozambique, Zimbabwe, Swaziland, Malawi and Tanzania.
“Our licences are very close to the existing Companhia Vale Do Rio Doce mines, where hard prime coking coal has already been found. We estimate the two licences to hold a reserve of 200 million tonnes of coal. The international price of coal is at present ruling at about $300 a tonne,” Mr Agarwal said.
Companhia Vale, the world’s largest iron ore producer, is investing $2 billion in Mozambique that is expected to develop into the Southern Hemisphere’s biggest mine for the black gold.
After it starts coal mining operations, Gremach will be looking at both the Indian and global markets. “After the Mozambique strike, we will be looking out for both coal and iron ore mines in Africa, CIS countries and Latin America,” Mr Agarwal said.
The group already has a company in Guinea, which has a string of licences for iron ore blocks, bauxite, lead and uranium, measuring a total of about 8,000 sq km. Gremach clocked an income of Rs 235.62 crore and net profit of Rs 37.17 crore last fiscal.

source: BL

Gremac real dark horse (future bluechip)

Posted by : shruti

So now you are showing your real level by posting ABSOLUTE LIES HERE! When did I ever recommend a stock like Cat techno! I have never posted a single message on the Cat techno board. Stop posting white lies here.

Gremac real dark horse (future bluechip)

Posted by : shruti

So now you are showing your real level by posting ABSOLUTE LIES HERE! When did I ever recommend a stock like Cat techno! I have never posted a single message on the Cat techno board. Stop posting white lies here.

Gremach in talks to sell stake in Mozambi

Posted by : Guest

Guruji, the news posted about Gremach Infra here by Shruti has been deleted by somebody!!! WHO HAS DELETED IT???
Posting again :

Gremach in talks to sell stake in Mozambique arm
Amit Mitra
Mumbai, Oct. 1 Gremach Infrastructure, which has struck coal in Mozambique, is in advanced stage of talks with an Indian steel producer and three foreign mining and steel companies for 5 to 10 per cent equity sale in its Mozambique mining arm, Osho Gremach.
Osho Gremach, which owns 75 per cent stake in the Mozambique coal mines in Moatize region, plans to start coal production from the mines by April 2009.
Gremach expects to raise million through equity dilution, which will be utilised to buy mining equipment and start production at the Mozambique facility.
Without naming the Indian steel maker that is in the race to pick up equity in the mining company, Mr Rishi Raj Agarwal, Vice-Chairman and Managing Director of Gremach, only said it was a “big steel maker in the private sector.”
Indian steel companies such as Tata Steel, Jindal Steel and the Mittals have been looking for buying coal and iron ore mines outside India to meet their raw material security needs. Tata Steel recently acquired 35 per cent stake in Australian firm Riversdale Mining coal project in Mozambique for about $ 85 million. India is estimated to be importing nearly 95 per cent of its coking coal requirement.
Earlier, Gremach was planning a bigger equity dilution to raise about 0 million, but as the Mozambique mine turned out to be an open cast one, it decided to whittle down the quantum of dilution. “We expect to complete the process of equity dilution in the next three months,” Mr Agarwal told Business Line.
Drilling operations
The company was granted 11 prospecting licences in Mozambique last year, covering over 13,500 hectares. Out of this, it undertook drilling operations in two licences, where they have stuck coking coal in depths of barely 1.5 mts. This region falls in Karoo basin that is recognised as a prime coal bearing area in Africa—the basin starts from South Africa and travels up to Kenya, covering parts of Mozambique, Zimbabwe, Swaziland, Malawi and Tanzania.
“Our licences are very close to the existing Companhia Vale Do Rio Doce mines, where hard prime coking coal has already been found. We estimate the two licences to hold a reserve of 200 million tonnes of coal. The international price of coal is at present ruling at about 0 a tonne,” Mr Agarwal said.
Companhia Vale, the world’s largest iron ore producer, is investing billion in Mozambique that is expected to develop into the Southern Hemisphere’s biggest mine for the black gold.
After it starts coal mining operations, Gremach will be looking at both the Indian and global markets. “After the Mozambique strike, we will be looking out for both coal and iron ore mines in Africa, CIS countries and Latin America,” Mr Agarwal said.
The group already has a company in Guinea, which has a string of licences for iron ore blocks, bauxite, lead and uranium, measuring a total of about 8,000 sq km. Gremach clocked an income of Rs 235.62 crore and net profit of Rs 37.17 crore last fiscal.

source: Hindu Business line

Gremac real dark horse (future bluechip)

Posted by : Guest

wht is all dis fighting going on here! newayz, guruji, sum1 has given me confirmed info abt Gremach Infra hitting many upper circuits like Jai Corp did in 2006. targets are very high, even higher than your target of 1000. happy investing, i m buying it today......Som Nath

Gremach in talks to sell stake in Mozambi

Posted by : Guest

Guruji, the news posted about Gremach Infra here by Shruti has been deleted by somebody!!! WHO HAS DELETED IT???
Posting again :

Gremach in talks to sell stake in Mozambique arm
Amit Mitra
Mumbai, Oct. 1 Gremach Infrastructure, which has struck coal in Mozambique, is in advanced stage of talks with an Indian steel producer and three foreign mining and steel companies for 5 to 10 per cent equity sale in its Mozambique mining arm, Osho Gremach.
Osho Gremach, which owns 75 per cent stake in the Mozambique coal mines in Moatize region, plans to start coal production from the mines by April 2009.
Gremach expects to raise million through equity dilution, which will be utilised to buy mining equipment and start production at the Mozambique facility.
Without naming the Indian steel maker that is in the race to pick up equity in the mining company, Mr Rishi Raj Agarwal, Vice-Chairman and Managing Director of Gremach, only said it was a “big steel maker in the private sector.”
Indian steel companies such as Tata Steel, Jindal Steel and the Mittals have been looking for buying coal and iron ore mines outside India to meet their raw material security needs. Tata Steel recently acquired 35 per cent stake in Australian firm Riversdale Mining coal project in Mozambique for about $ 85 million. India is estimated to be importing nearly 95 per cent of its coking coal requirement.
Earlier, Gremach was planning a bigger equity dilution to raise about 0 million, but as the Mozambique mine turned out to be an open cast one, it decided to whittle down the quantum of dilution. “We expect to complete the process of equity dilution in the next three months,” Mr Agarwal told Business Line.
Drilling operations
The company was granted 11 prospecting licences in Mozambique last year, covering over 13,500 hectares. Out of this, it undertook drilling operations in two licences, where they have stuck coking coal in depths of barely 1.5 mts. This region falls in Karoo basin that is recognised as a prime coal bearing area in Africa—the basin starts from South Africa and travels up to Kenya, covering parts of Mozambique, Zimbabwe, Swaziland, Malawi and Tanzania.
“Our licences are very close to the existing Companhia Vale Do Rio Doce mines, where hard prime coking coal has already been found. We estimate the two licences to hold a reserve of 200 million tonnes of coal. The international price of coal is at present ruling at about 0 a tonne,” Mr Agarwal said.
Companhia Vale, the world’s largest iron ore producer, is investing billion in Mozambique that is expected to develop into the Southern Hemisphere’s biggest mine for the black gold.
After it starts coal mining operations, Gremach will be looking at both the Indian and global markets. “After the Mozambique strike, we will be looking out for both coal and iron ore mines in Africa, CIS countries and Latin America,” Mr Agarwal said.
The group already has a company in Guinea, which has a string of licences for iron ore blocks, bauxite, lead and uranium, measuring a total of about 8,000 sq km. Gremach clocked an income of Rs 235.62 crore and net profit of Rs 37.17 crore last fiscal.

source: Hindu Business line

Sounds much about the sucess

Posted by : pss5588

Dear Rattian,

I am shocked to observe that my reply to shruti on her new thread..

Gremach announces stake sale...

and where she says that i am lying that i hold this stock since no one writes negative about a stock they hold ... has been erased lock stock and barrel.

The same does not appear even in my folio of messages from pss/ replies to pss.... messages okay bec the original has been deleted but i had forgotten something so had again used my posting to clarify and it had appeared in my replies from pss . even that too is gone.

Briefly I had stated as follows .

1. it is good news if true and would increase the capital of the co( more funds available)
2. Superstar whom i respect has recoed the share at 88 but yet it has come down. But unlike u he only said I would buy and also has a disclaimer therefore u also should not use superlative adjectives like ...screaming buy etc.
3. I am an exception in that i write caution when necessary even to shares I hold. Example i had a lot of fights with senior boarders in teledata and had sold most of it when high and see where teledata is now. i am still accepted in teledata. I had drawn her attention to the fact that in tripex overseas when i was cautioning investors to be careful one india_bulls came and shouted from the rooftop that the share had touched over 200 and therefore below 30 it was a screaming buy repeating the message again and i repeated my caution again and again. All hell broke lose in tripex when promoters sold more than 90% percent when sensex reached 20000 and tripex bombed. tripex promoters also had made announcement after announcement of bonus share , 3000 acres sez etc etc. After this india_bulls never visited tripex board.

This was all to confirm that i do caution investors even when i hold a share when i see red or possible hanky panky.
4. I told her i was in gremach board in 2007 and do not remember seeing her name at that time even once and if she wants she can go to gremach archive and confirm that even then i was cauttioning investors to be cautious about the rig claims etc. I also asked her whether it was a fact that she had bought the shares at a high cost and now is anxious to see that it goes back to that high level or she would suffer immense loss.
5. I recommended to her daikifil chemicals and celestial labs but with due caution as markets are in a dangerous position.
6. I told her that people with jaundice alway see yellow and to get rid of her jaundice and paranoia on ids and learn to make money.

There was nothing offensive only explanation as to why I caution even when i hold a stock especially if it goes up too fast i sell 50% immediately as in case of gremach, teledata, tripex etc and that once a share plummets i am extra extra extra careful in entering it again for i would rather have lesser profits than take a beating. I told her that i am waiting to buy teledata and gremach again but not now as the market is dangerous. If at all one feels one shouldnt lose an opportunity one should buy in small lots.

so why did shruti delete a message which was harmful and only explained the reasons as to why i am not lying and advising investors to be careful and not take too much exposure. Even this message may be deleted. ...

Gremac real dark horse (future bluechip)

Posted by : pss5588

Shruti can u provide me a list of the other shares u had last year recommended as ... SCREAMING BUYS.. and what is their position now including ofcourse CAT TECHNO UR FAVOURITE SHARE. lol

Gremac real dark horse (future bluechip)

Posted by : shruti

pss5588 or radhika_nandlal or emkay_stocks or whatever else your name is, your mental faculties are on display here for everyone to see. Is Superstar not from the market? Ofcourse, Gremach Infra is a stock pick recommended on his superstargemsdotblogspotdotcom website which is visited by thousands of visitors from across the planet. Anyone can go to his site and see his comments there.

And instead of posting your continuous rants here under all your various ids, pls go to the Moderator`s FEEDBACK page and tell him all your rants. You seem to be a jobless person having nothing to do besides writing gibberish on moneycontrol with your dozens of ids.
Regards,
Shruti

Gremach in talks to sell stake in Mozambi

Posted by : Guest

Guruji, the news posted about Gremach Infra here by Shruti has been deleted by somebody!!! WHO HAS DELETED IT???
Posting again :

Gremach in talks to sell stake in Mozambique arm
Amit Mitra
Mumbai, Oct. 1 Gremach Infrastructure, which has struck coal in Mozambique, is in advanced stage of talks with an Indian steel producer and three foreign mining and steel companies for 5 to 10 per cent equity sale in its Mozambique mining arm, Osho Gremach.
Osho Gremach, which owns 75 per cent stake in the Mozambique coal mines in Moatize region, plans to start coal production from the mines by April 2009.
Gremach expects to raise million through equity dilution, which will be utilised to buy mining equipment and start production at the Mozambique facility.
Without naming the Indian steel maker that is in the race to pick up equity in the mining company, Mr Rishi Raj Agarwal, Vice-Chairman and Managing Director of Gremach, only said it was a “big steel maker in the private sector.”
Indian steel companies such as Tata Steel, Jindal Steel and the Mittals have been looking for buying coal and iron ore mines outside India to meet their raw material security needs. Tata Steel recently acquired 35 per cent stake in Australian firm Riversdale Mining coal project in Mozambique for about $ 85 million. India is estimated to be importing nearly 95 per cent of its coking coal requirement.
Earlier, Gremach was planning a bigger equity dilution to raise about 0 million, but as the Mozambique mine turned out to be an open cast one, it decided to whittle down the quantum of dilution. “We expect to complete the process of equity dilution in the next three months,” Mr Agarwal told Business Line.
Drilling operations
The company was granted 11 prospecting licences in Mozambique last year, covering over 13,500 hectares. Out of this, it undertook drilling operations in two licences, where they have stuck coking coal in depths of barely 1.5 mts. This region falls in Karoo basin that is recognised as a prime coal bearing area in Africa—the basin starts from South Africa and travels up to Kenya, covering parts of Mozambique, Zimbabwe, Swaziland, Malawi and Tanzania.
“Our licences are very close to the existing Companhia Vale Do Rio Doce mines, where hard prime coking coal has already been found. We estimate the two licences to hold a reserve of 200 million tonnes of coal. The international price of coal is at present ruling at about 0 a tonne,” Mr Agarwal said.
Companhia Vale, the world’s largest iron ore producer, is investing billion in Mozambique that is expected to develop into the Southern Hemisphere’s biggest mine for the black gold.
After it starts coal mining operations, Gremach will be looking at both the Indian and global markets. “After the Mozambique strike, we will be looking out for both coal and iron ore mines in Africa, CIS countries and Latin America,” Mr Agarwal said.
The group already has a company in Guinea, which has a string of licences for iron ore blocks, bauxite, lead and uranium, measuring a total of about 8,000 sq km. Gremach clocked an income of Rs 235.62 crore and net profit of Rs 37.17 crore last fiscal.

source: Hindu Business line

Upper Circuits in Gremach soon.....

Posted by : pss5588

Thanks emkay,

shruti deleted my message four times today a good record for the moderator to take action eh.

Gremach in talks to sell stake in Mozambi

Posted by : gurugyan9

Dear Shruti. This is an excellent piece of news for the shareholders of Gremach Infra and we can look forward to some great times ahead. The news is published in Business Line and is confirmed on Superstar's website also. Good luck. Upper circuits will continue in this stock.

CAUTION - Small Investors

Posted by : poorfellow

For small investors it is not the time to buy this scrip. Leave it now to the traders. Promoters credentials are not proved yet. Present results are from their old business of leasing machinery. They have no returns from the new businesses like coal minning and leasing oil rigs. So, it may be available at Rs.12 - 15/- before the promoters show any return on the subscriptions of the last year`s IPO.

There are many promising scrips with proven track record and high dividend yield lying at very low prices. It is the time to pick up those scrips for fantastic returns.

Gremac real dark horse (future bluechip)

Posted by : gurugyan9

Yes you are right, dear Truth Lover. Gremach Infra is poised for a great Upsurge like Jai Corp had two years ago. It is indeed going to be the next Jai Corp. Believe it. After striking Coking Coal in Mozambique which is Black Gold, there will be a beeline for investors wanting to get a stake in this company. Keep your fingers crossed and lets all ignore nuisance creators here.

Guru