Monnet Ispat & Energy’s fiscal 3Q 2009 (ending December 31, 2009) NI rose by 103% YoY to INR680 mn from INR335 mn in fiscal 3Q 2008. Total income for the period fell by 6.97% YoY to INR3,721.9 mn from INR4,000.8 mn in fiscal 3Q 2008, while Total Expenditures declined by 17.9% YoY to INR2,778.0 mn [...]
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[TAQA UH] Abu Dhabi National Energy Co :: to seek extension of share buyback program
The Abu Dhabi National Energy Company has decided to extend its share buyback program for another year, reported Khaleej Times, a move that is intended to support its share price. Last year the company secured approval from the Securities and Commodities Authority to repurchase from the market up to 10% of equity or 622.5 mn [...]
[NATP IN] NTPC :: Price floor set at INR201 in largest privatization sale
On Tuesday India’s state-run power utility NTPC set the price floor for its upcoming share sale at INR201 per share, bringing the implied size of the offering of 412.2 mn shares to INR82.87 bn ($1.79 bn), the largest sale of a state asset in the government’s current privatization program drive. The sale represents 5% of [...]
[SUEL IN] Suzlon Energy :: looking to fully divest Hansen [HSN LN]
Suzlon Energy, India’s largest wind turbine maker, plans to divest its entire 26% stake in Hansen Transmissions International [HSN LN], its Belgian gearbox technology unit, as
doesn’t see major future benefits from retaining the interest. Two private equity firms, including a US energy fund, are reportedly interested in purchasing Suzlon’s stake, which is worth an estimated [...]
[SUEL IN] Suzlon Energy :: Fiscal 3Q 2009 NI INR141 mn on Hansen sale
Suzlon Energy’s consolidated fiscal 3Q 2009 NI came to INR141 mn ($3.05 mn) on Revenues of INR55.9 bn, after a INR648.7 mn Net Loss in 3Q 2008, beating Bloomberg consensus estimate of a Net Loss of INR389 mn. Consolidated Revenues were down by 19.2% YoY. However, the bottom line was brought into the black by [...]
[CESP6 BZ] Cesp :: Mixed signals about gov’t License Renewal
A newspaper report on Friday indicated that Brazil’s federal government is expected to renew concessions for many state-controlled electric utilities, including Cia Energetica de Sao Paulo, one of Brazil’s largest state-controlled electric companies, along with Companhia Energetica de Minas Gerais [USIM6 BZ], Cemig [CMIG4 BR], and Copel [CPLE6 SA] in the state of Parana. However, [...]
[GVKP IN] GVK Power :: Fiscal 3Q 2009 up 105% YoY to INR458 mn
GVK Power & Infrastructure’s fiscal 3Q 2009 (ending December 31, 2009) consolidated NI rose by 105.4% YoY to INR458 mn from INR223 mn in 3Q 2008. Consolidated 3Q 2009 Total income rose by 348% YoY to INR4,843.5 mn from INR1,080.2 mn in 3Q 2008. Fiscal 3Q 2009 Net sales rose by 353.8% YoY to [...]
[NHPC IN] NHPC :: Fiscal 3Q 2009 NI of INR5.81 bn vs 3Q 2009 loss
State-run power producer NHPC said fiscal 3Q 2009 (ending December 31, 2009) NI was INR5.81 bn versus a Net Loss 539.4 mn in 3Q 2008. Total income in 3Q 2009 rose by 163% YoY to INR12,769.7 mn from INR4,859.0 mn in 3Q 2008.
During fiscal 9M 2009 (ending December 31, 2009) NHPC’s NI rose by 62.3% [...]
[KPP IN] Kalpataru Power :: Fiscal 3Q 2009 NI up 120% YoY to INR440 mn
Kalpataru Power Transmission (KPTL) fiscal 3Q 2009 Profit After Tax (PAT) rose by 120% YoY to INR440.7 mn from INR199.5 mn in 3Q 2008. Revenues in 3Q 2009 rose by 72% YoY to INR7.158 bn from INR4.168 bn in 3Q 2008.
Revenue for 9M 2009 to December 31 rose by 32% YoY to INR17.59 bn from [...]
[PTCIN IN] PTC India :: Fiscal 3Q 2009 NI down 33% YoY to INR159 mn
PTC India’s NI for fiscal 3Q 2009 (ending December 31, 2009) slid by 32.98% YoY to INR158.81 mn from INR236.96 mn in 3Q 2008. Net sales fell by 19.81% YoY to INR16.976 bn. Total income for fiscal 3q 2009 fell by 20.30% YoY to INR17.118 bn from INR21.479 bn I 3Q 2008.
PTC India is a [...]