Scripscan:-Galada Power & Telecommunication Ltd
Cmp:-7
Code:-504697
Traded in:Bse
Story:-Galada Power is a Hyderabad based company having its factory at Silvasa, engaged in business of manufacturing aluminium conductors.The company has got an installed capacity of 14,700 tonnes and its clientele includes A.P. Electricity Board, MSEB, GSEB, NCC, Areva, Subhash Projects, Kalpataru, IVRCL etc.The buzz in the bourses is that IDBI has approved its long pending "One time settlement"(OTS) and that is expected to bring major changes in the fortunes of the company.The approval from canara bank is also awaited very shortly.The company previously fell in bad times and closed down its Uppal Factory spreaded over 4 acres. Current Market Value in this area is Rs. 8-9 cr. per acre which means, this land is worth 32-36 crs. The company always wanted to sell the land but its lenders never allowed it to do so.Now the land value has multiplied and works around to Rs. 45-50 per share.company may sell this land also for OTS obligations.Galada has also got its own 'Galada Tower' at prime location in Hyderabad. On words of the management," We need only a floor and balance 3 floors are not required".Now the same can be sold which can again fetch several crores.The company is also expected to win the case of AP TRANSCO and that can bring in 15crs for the company.Once the announcement comes regarding the settlement the scrip is sure to have a major bull run in the bourses.One may recolect the same case of diamond cables which has been a 15 bagger after the settlement over the last few years.At 7rs its worth betting on for a company which can trasnform into a major scrip in the coming years.
Regards,
ARUN
I can be reached at:-arunanalyst@rediffmail.com
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