*Satluj Jal Vidyut Nigam* files draft papers with *SEBI* for the initial public offering to be held in the beginning of next fiscal. SJVN is a joint venture between *Central Government & Himachal State Government*. The centre will offload 10% of its 75% holding and raise around $ 260 mn.
The Government is likely to raise about $ 8000 mn through disinvestment in the next fiscal while the target for the current fiscal is about $ 5000 mn. The next round of disinvestment is likely to start in July with the follow-on public offer of Engineers India Ltd. The government will divest 10% of its 90.40% stake in the company and is likely to raise $ 260 mn. Steel Authority of India (SAIL), Hindustan Copper, Manganese Ore India, Shipping Corporation of India and Metals and Minerals Trading Corporation (MMTC) are some of the PSUs where the government is looking to divest stake. The follow-on-public offer of the mineral giant NMDC will take place in this fiscal.NMDC has filed final papers for its proposed FPO; The Government is divesting its 8.38 % of 98.38% stake in the company. Transaction Refernce: ET<http://economictimes.indiatimes.com/articleshow/5629604.cms> Transaction Note The *SJVN* has 1500 MW completed projects and 412 MW project under execution in Himachal Pradesh. It also has 2962 MW projects under development. The SJVN proposes to add 5000 MW additional capacity by 2014-15. Ministry of power has allotted 2 projects of 486 MW & 900 MW for survey and investigation.It reported NPAT of Rs. 1015.32 crores in 2008-09 and Rs 764.51 crores in 2007-08.The total income for the year ended 2008-09 was Rs.2029.24 cr, it increased 28% over total income of Rs.1582.21 cr in 2007-08. -- Regards Hardik Shah -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
