August, 21 2008
Subject:

Micro Technologies - Press Release

Announcement:


Micro Technologies India Ltd has informed BSE regarding a press release titled "Micro Technologies expands to Kenya"

Press Release

"Micro Technologies (India) Ltd, A global provider of security solution products expands its business to the Kenyan market to provide a highly advanced security solution products across the country. Micro Technologies aggressively plans to market Micro Products licenses to Kenya with its premium partners. The range of products marketed would be in the category of security and life support solutions for vehicle, premises and mobile.

Kenya is the regional hub for trade and finance in East Africa with a population of 37,953,838 and 11.44 million mobile users, After the test marketing and thorough understanding of the need security products amongst the common masses, Micro Technologies with its widely accepted range of products gauged a great market potential in the Kenyan market.

There is a high crime rate in regions of Kenya particularly in Nairobi, Mombasa, Kisumu and coastal beach resorts. However, the most common crime in Kenya is car-thefts or carjackings and the property related crimes. It can be prevented by using an advanced technology driven method which can be through the use of sophisticated and innovative security solutions.

Micro Technologies (India) Ltd is a leading global developer, manufacturer and marketer of IT based security solutions for its clients across the globe. Products range includes the much-needed security devices, life support systems and web-based software. It is one of the most valued security solutions across the globe and has been accorded with Global awards and the Maharashtra IT Award for its R&D. Micro Technologies aims at displaying not just the technological innovation and prowess but also the product diversity in various segments of vehicle, premises, mobile, other assets and now entering Energy & Health Segments.

After being successfully tested for past 4 months with Kenyan users this, expansion will surely be beneficial for the company. With the overview of the urge for security requirements of Kenya. Micro Technologies would expect huge amount of business in the IT-based products in security domain and associated business areas."

-manish...

Dear Vway505,

Whenever I post a message, it means I am interested in it. Yes, I do track Ion Exchange. Its a water company. Like confidence petro, you need to go to smart-indian.blogspot.c o m for more info. There is good info there for you to read.

See my homepage.

thanks,
manish...

Indian firms to buy 83% stake in Indonesian coal mine (August 19th 2008)

Subhash Projects, Emco Ltd will jointly pick up 83% stake for Rs300 cr in PT Bism mine, which has reserves of 105mt
P.Manoj
Bangalore: Engineering firm Subhash Projects and Marketing Ltd and power equipment maker Emco Ltd have agreed to jointly buy 83% of Indonesian coal mine PT Bism for about Rs300 crore, joining Indian firms trying to secure fuel supplies by buying assets abroad.
New acquisitions: Anil Sethi, chairman of Subhash Projects.
“We are jointly taking an 83% stake in PT Bism by acquiring shares from local owners. The deal will be closed in a month,” said Anil Sethi, chairman of Subhash Projects, adding the mine has reserves of about 105 million tonnes (mt).
Subhash Projects will buy equity in the mine through its group company Subhash Kabini Power Corp. Ltd, which owns and operates the Kabini dam hydropower project in Karnataka.
Emco, too, has started power generation operations and is setting up a Rs1,100 crore, 270 MW coal-based power project near Nagpur.
Subhash Projects and Emco, India’s third largest maker of power transformers, will fund the share purchase through a mix of existing funds and debt, Sethi said.
Coal from the mine would initially be sold to Indian customers until the group sets up its own 2,200MW coal-based power plant on the country’s eastern coast.
The location of the plant is yet to be identified.
The project will mark Subhash Projects’ entry into the business of developing coal-based power plants. The group is already executing several small hydel power plants apart from constructing roads and water supply projects in several states.
Tata Power Co. Ltd, Adani Power Ltd, Reliance Power Ltd, GMR Group and ship owner Mercator Lines Ltd have acquired coal mines overseaas.
“We are also looking for a captive port on the eastern coast either in Andhra Pradesh or Orissa to import coal from Indonesia because this would be ideal from a logistic point of view,” Sethi said.
Subhash Projects is developing a Rs2,800 crore port with capacity of 25mt a year in Puducherry through an equal joint venture with Delhi-based Om Metals Infraprojects Ltd.
The port is being developed to handle clean cargo such as containers and liquids, mainly edible oils, and cannot be used to import coal.
The port will become operational in 2012 with capacity to handle 2.65 million standard cargo containers and 200,000 tonnes of edible oils a year, said Jayakumar, chief executive officer of Pondicherry Port Ltd, who uses only one name.
Pondicherry Port is the joint venture company formed by Subhash Projects and Om Metals to develop and operate the new port.

-manish...

One more thing - all my recommendations are long term (at least 2 years). Nobody ... I repeat nobody can tell you the target price of any stock in short term.

thanks,
manish...

Yes, I am holding it. On what basis did you buy at 30/- per share and why are you doubting the company when its price is 12/- bucks? My sincere request for you would be to do a fundamental analysis on the company and then decide for yourself. Price alone is never a criterior to decide. You might want to look into smart-indian.blogspot.c o m for future updates on this as I track it there because MMB doesn't provide easy method to store all old messages.

For more info, see my homepage.

thanks,
manish...

Aerotropolis for Jharsuguda (15th August 08)

Express News Service

SREI Infrastructure Finance Limited today proposed to the State Government to set up an aerotropolis, an aviation intensive business and related enterprises, at Jharsuguda under public private partnership (PPP) mode.

Making a presentation on the proposed aerotropolis to Chief Secretary Ajit Kumar Tripathy, vice-president and head of aviation division of SREI Infrastructure A.K. Goswami said it would be an airport city at the core surrounded by aviation-related enterprises. The aerotropolis will be an air transport hub with direct communication to all the metros and States like Chhattisgarh, Madhya Pradesh, Andhra Pradesh,West Bengal, Bihar and Jharkhand.

Apart from basic facilities, it would have aviation academy, training facilities, shopping arcade and offices for business travellers.

An aerotropolis will be a powerful engine for local economic development and will attract industries in agriculture, bio-technology, energy,mining, refinery, information technology and information technology-enabled services sectors, Goswami said.

Outside the core area, there would be separate zones for other industries, business, residential and recreational facilities.

SREI proposed to make substantial investment in the project and offered two PPP models.

The company proposed to have 74 percent stake in the project, while the remining 26 percent will be either of the State Government or can be shared with the Airport Authority of India.

-manish...

Yes, I track this company.

There are many news that don't get to BSE/NSE however gets published in media. Do a google search on 'confidence petro buyback' to see for yourself.

thanks,
manish...

One more thing - all my recommendations are long term (at least 2 years). Nobody ... I repeat nobody can tell you the target price of any stock in short term. thanks, manish...

Is it worthwile holding on 2 the stock? my cost is 30 busks do you have any insight or target price?...

its coming out of the t group and will trade in B group from 22...

Aerotropolis for Jharsuguda (15th August 08) Express News Service SREI Infrastructure Finance Limited today proposed to the State Government to set up an aerotropolis, an aviation intensive business and related enterprises, at Jharsuguda under public private partnership (PPP) mode. Making a presentation on the proposed aerotropolis to Chief Secretary Ajit Kumar Tripathy, vice-president and head of aviation division of SREI Infrastructure A.K. Goswami said it would be an airport city at the core surrounded by aviation-related enterprises. The aerotropolis will be an air transport hub with direct communication to all the metros and States like Chhattisgarh, Madhya Pradesh, Andhra Pradesh,West Bengal, Bihar and Jharkhand. Apart from basic facilities, it would have aviation academy, training facilities, shopping arcade and offices for business travellers. An aerotropolis will be a powerful engine for local economic development and will attract industries in agriculture, bio-technology, energy,mining, refinery, information technology and information technology-enabled services sectors, Goswami said. Outside the core area, there would be separate zones for other industries, business, residential and recreational facilities. SREI proposed to make substantial investment in the project and offered two PPP models. The company proposed to have 74 percent stake in the project, while the remining 26 percent will be either of the State Government or can be shared with the Airport Authority of India. -manish...

Chennai-based Sical Logistics plans to invest Rs 1,700 crore to develop a nation-wide multi-modal logistics network, including cargo terminals and rail lines. It will invest Rs 1,100 crore to develop two cargo terminals and an additional Rs 600 crore to bring railway connectivity to its terminals. While an iron ore terminal will be developed at Ennore with an investment of Rs 500 crore, another Rs 600 crore will be invested for a container terminal at Chennai in partnership with PSA Singapore. MMTC and L&T are partners in the dedicated iron ore terminal being developed at Ennore, which is 20 miles north of Chennai. Company officials said that MMTC will holds 26% stake in the project while L&T will have an 11% stake. Balance 63% will be held by Sical. Confirming the move, Sical Logistics CEO Sudhir Rangnekar said: “MMTC has given us upliftment guarantee for 3 million tonnes of iron ore in the first phase of the project. The terminal will be used to transport Bellary-Hospet iron ore to Mangalore and Goa.” The terminal will be equipped to handle 35,000 tonnes of iron ore per day and will have a throughput of 1.2 million tonnes. The total traffic handled at the port is estimated at about 12 million tonnes. It will also have berthing and off-loading facilities for large-sized bulk carriers such as Panamax and Capesize vessels. Panamax ships are those which are built to pass through the width of the Panama Canal. Capesize vessels are those which have been designed to pass through the Suez Canal and have a carrying capacity of 175,000 DWT. Sical’s Chennai container terminal will be equipped with rail evacuation facility for cargo. So far, most container terminals use road evacuation for cargo, which takes seven to ten days. The line, which will connect the Satva terminal at Chennai to Delhi’s mainline, will also be used to transport automobiles and will service major car manufacturing companies based in Chennai. The company plans to buy about five trains by 2009 and increase this number to 13 by 2011. The total investment for buying these trains will be about Rs 160 crore. The company is also buying three door containers from China for other consumer goods to be transported on this route. “Each container will cost us about $3,400 and the plan is to acquire 400 of these boxes,” he said. The company is planning to build railway cargo terminals at Panvel in Mumbai, Bangalore and Chennai which will also service the incoming and outgoing truck cargo. -manish...

Do you track this company/ and why is this news of buy back not flased on BSE WEBSITE?...

How is this compamy do u track it?...