tag:blogger.com,1999:blog-4899103722933689680.post7077114869349699768..comments2024-02-27T11:21:48.313+05:30Comments on Beating The Dalal Street............: Cramped on Land, Big Oil Bets at Sea ..............Rajeev Desaihttp://www.blogger.com/profile/13770541646082106675noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-4899103722933689680.post-11563286547653532662010-01-08T17:46:48.603+05:302010-01-08T17:46:48.603+05:30Amit,
I do not track Bharati Shipyard....Amit,<br />I do not track Bharati Shipyard....Rajeev Desaihttps://www.blogger.com/profile/13770541646082106675noreply@blogger.comtag:blogger.com,1999:blog-4899103722933689680.post-47681607212442939022010-01-07T18:27:04.696+05:302010-01-07T18:27:04.696+05:30This comment has been removed by the author.Amit Guptahttps://www.blogger.com/profile/12240160963164193357noreply@blogger.comtag:blogger.com,1999:blog-4899103722933689680.post-73733929963697949912010-01-07T11:42:41.518+05:302010-01-07T11:42:41.518+05:30Hi Rajeev
I also find Bharti Shipyard in this spa...Hi Rajeev<br /><br />I also find Bharti Shipyard in this space and after Great Offshore takeover it look even more compelling. What's your view?<br /><br />Regards<br /><br />AmitAmit Guptahttps://www.blogger.com/profile/12240160963164193357noreply@blogger.comtag:blogger.com,1999:blog-4899103722933689680.post-63642580244474197672010-01-06T21:57:04.308+05:302010-01-06T21:57:04.308+05:30Amit,
Your math is correct....Amit,<br />Your math is correct....Rajeev Desaihttps://www.blogger.com/profile/13770541646082106675noreply@blogger.comtag:blogger.com,1999:blog-4899103722933689680.post-37662364204824122632010-01-06T21:25:22.798+05:302010-01-06T21:25:22.798+05:30Hi Rajeev
Thanks for a really wonderful article. ...Hi Rajeev<br /><br />Thanks for a really wonderful article. Rajeeev, I was just trying to compare Mundra Port with Marg Karikal Port. Firstly can both be compared and if yes then there is a vast difference exist in the valuations of both. Since Marg proposes to List Karikal Port in 2010-11. Don't you think it will be a major factor in unlocking value for Marg Share holders.<br /><br />Regards<br /><br />AmitAmit Guptahttps://www.blogger.com/profile/12240160963164193357noreply@blogger.comtag:blogger.com,1999:blog-4899103722933689680.post-44465948575330017402010-01-06T19:46:36.556+05:302010-01-06T19:46:36.556+05:30Q: I want to know whether your second half revenue...Q: I want to know whether your second half revenues will be as good as good or better than your first half?<br /><br />A: We are looking at a reasonable second half and it will be better than our first half this year. But if you are familiar with our numbers for last year, we had a very strong second half last year, so I don’t think we will be bettering that second half. We had an abnormally strong second half last year.<br /><br />Q: Your margins will be above 11.5%? <br /><br />A: We think the margins are being maintained because the factors that were affecting margins last year and earlier this year, which included adverse rupee dollar movements and steel prices, have all eased to a large extent and so we expect margins to be maintainedMitzzzzzzhttps://www.blogger.com/profile/00407714675154666479noreply@blogger.comtag:blogger.com,1999:blog-4899103722933689680.post-24195897157221473322010-01-06T19:46:24.466+05:302010-01-06T19:46:24.466+05:30In an interview with CNBC-TV18, Ashok Punj, Managi...In an interview with CNBC-TV18, Ashok Punj, Managing Director, PSL, spoke about the latest happenings in his company and sector.<br /><br />Q: I believe the US International Trade Commission has approved duties ranging from 10-16% on oil country tubular products. Could you tell me what was the price compared to the Indian price, taking into account that the Chinese used to subsidise it? What will be the price after this duty is imposed and has the duty been physically imposed as we speak right now? <br /><br />A: This duty was provisionally imposed and reported about six months ago. Then they have a procedure confirming that duty. So the recent news was an act of confirmation after the hearings have been completed. Therefore, the duty now comes into force not as a provisional duty, but as a final imposed duty.<br /><br />I think price is at levels, which factor in the duty imposition on the Chinese product. So I don’t see a change in the market, but certainly it’s a confirmation and therefore local manufacturers, PSL included will stand to benefit, in the sense that it would be a steady market and customers will be sourcing more and more of their requirement from local manufacturers.<br /><br />Q: You have not already seen that trend since as you said the duty was announced some time back?<br /><br />A: Yes, not only announced, but imposed provisionally some time back and so yes that trend is already in place.<br /><br />Q: Can you give us an idea of how the orderbook is moving, we heard that you recently won some orders worth about Rs 400 crore? Can you tell us how the orderbook looked a quarter ago and how did it looked as on December 31st? <br /><br />A: We are now talking of the Indian market and the recent orders we have announced are from the Indian market. The orderbook was at about Rs 2,000 crore about 3-4 months back and now with fresh orders received it is one again upto that Rs 2,000-2,200 crore level because it’s a dynamic and there have been executions of orders also. We are talking only about the domestic order book. The consolidated global figure is close to Rs 3,300 crore. <br /><br />Q: Six months ago when the Chinese were getting a subsidy, perhaps you could take one or two products and tell us how the price was different between India and China on a landed cost basis and after the imposition of that duty what was the price differential between China and India on the same product, so that we can get a benchmark of where these things stand on a pricing basis? <br /><br />A: This duty that has been imposed is quite high, normally import duties in the US are nominal at 5-10%. But this is by way of an anti-dumping duty, it is mill specific and it ranges from 5-30% or higher. So specific mills would be impacted more or less depending on how they were assessed. Therefore, its hard to pin down a number, but I would say that certainly ranging from USD 50 to USD 100 per tonne would be a fair assessment of the duty imposition and therefore the advantage to local manufacturers. I can’t speak for Indian manufacturers because we don’t export to the US since we are manufacturing locally. So I don’t have those numbers with me.<br /><br />Q: Your sales in Q2 actually fell by about 5%, although your bottom-line was flat. Give us an idea of how your sales in the second half will do vis-à-vis the first half and as also you can tell us whether we will be able to maintain margins which were over 11% in the Q2? <br /><br />A: The media is a little harsh when you say it dropped, but it was a fractional drop in the topline and we maintained the bottomline. Last year, at this point in time the prevailing steel prices were higher as about USD 1,000 a tonne compared to levels now at about USD 550-600 a tonne, so that really explains to a large extent the dip in the topline.Mitzzzzzzhttps://www.blogger.com/profile/00407714675154666479noreply@blogger.com