SREI Infra.............a company worth looking at........

SREI Infra......is having a very big eq but it has many subsidiaries....and they seems to be faring extremly well...I am tracking Srei since many years...but since last year or so I thought it is a wonderful co.

Let us see some of updates:

Quipo Oil & Gas to acquire 8 rigs for $140 million

Quipo Oil & Gas is in the process of acquiring eight on-land rigs, for which it will spend about $140 million. Quipo Oil and Gas is a subsidiary of infrastructure equipment rental company Quipo Infrastructure Equipment, promoted by SREI Infrastructure Finance. (It means Unlocking of value at any time)

Quipo Oil & Gas owns one rig. It had drilled 11 wells at Cairn India’s oilfield in Rajasthan’s Barmer district in 2005. The company is also deploying five onshore rigs through Russian-Indian Drilling Oil Company, a 50:50 joint venture with Russia’s Oil Technologies Overseas.

An on-land rig typically costs about $17-18 million (about Rs 70 crore).

“Of the eight new rigs, three will be acquired by Quipo, while our Russian joint venture will acquire five. Of the three rigs we will get directly, one will come in September and the other two will arrive by January,” said Quipo Oil & Gas Managing Director S K Mehta.

The joint venture company, which will provide drilling services in Russia and India, will get its five rigs by December-January.

There is a shortage of rigs across the world and its impact is being felt in India as well. Reliance Industries’ and ONGC’s drilling commitments in offshore areas have been delayed due to this shortage.

The waiting period for offshore rigs is almost five years and that for onshore rigs a lot lesser at about 8 months.

Quipo has undertaken on-land drilling with the one rig it has. “Considering that there is so much activity in offshore basins, and if the opportunity arises, we will definitely acquire offshore rigs as well,” Mehta said. The rig, named Quipo1, recently completed drilling at ONGC’s coal bed methane block in Gujarat, and is headed for Australia on a drilling job at a block owned by Oilex.

Quipo has targeted an increase in revenue from the current Rs 10 crore to about Rs 70 crore, mainly by increasing operations through integrated drilling services. Integrated drilling services include rig facilities as well as engineering and manpower support for operation of the rigs.

Quipo also plans to go public soon. “We would definitely like to go public at some point of time. We will wait for the right time to do that,” Mehta said.

Now the latest:

Quippo to invest $3 bn in telecom biz:


Srei Group's Quippo Telecom Infrastructure Ltd (QTIL) today said it plans to invest $3 billion in 2008-09 to ramp up its telecom infrastructure business.The company is planning to invest 3 billion dollars to grow both organically and inorganically, QTIL Managing Director Arun Kapur told PTI.Besides, the company is also in talks with Tata Teleservices to buy its telecom tower business."We are in an advanced stage of negotiation with Tata Teleservices and the deal is expected to be concluded by next month, he added.However, he declined to divulge the financial details of the proposed deal.Tata Telecom service provider is examining hiving off a part stake of its tower business portfolio."Consolidation is the order of the day. This is a capital -intensive industry. In this scenario consolidation is going to be the name of the game," he added.Ruias-led Essar group is also understood to be in talks with Quippo for a possible merger of its telecom tower business arm Essar Telecom Infrastructure Pvt Ltd.However, Kapur declined to comment on the issue.Quippo has about 4,500 towers and plans to increase this to 10,000 by March 2009.The company also plans to venture into active infrastructure sharing."We are in talks with all the new players who are receiving spectrum such as Datacom, Bycell, Shyam for active infrastructure sharing," he added.The government had recently allowed sharing of active infrastructure, which includes sharing of antenna, feeder cable, Node B, Radio Access Network and transmission system by telecom service providers, enabling them to cut costs in network roll-out and pass on the savings to consumers by way of cheaper tariffs.


My commnets:
Looking at the Quippo to invest $3 bn in telecom and Oil Rigs.....seems Srei Infra is going at a song....52 week high/low are 292 and 49.....and CMP is 143.50.......
No wonder Institution holds 49% and promoters hold 25%.......
Just go to the BSE site and see the SHP.........
Well,I hope u all will look at the results as well and will not end up looking only Share Holding Pattern(SHP).....which I told to do......
Looking at the results , Interest payment is as big as 100 cr/qr means imagine what can happen to this co if Interest payout is trimmed?100 cr int payment per quater means whole eq is given out for Int payment....means 10 eps one can add per quater.....
I hope I have not to write more......My readers are more expert then me to understand what all these means....
I am again writing this is not a buy call.....I have just brought this stock in lime light.....take your own decision .......buy at your comfort level..........