Story:The company posted losses of a massive 100crs on a turnover of 390crs in fy10-11.Last fiscal the Company faced an extremely challenging business environment both externally and internally leading to adverse financial performance.On the external front the Company faced the problem of substantial excess capacity in theIndustry and volatility in input prices. On the internal front, the damage to stocks during a long period of industrial unrest resulted in substantial depletion in value of inventories thereby impacting the performance negatively.The company's export business including deemed exports was `6338.34 Lacs as compared to 2,995.88Lacs during the previous year. The Company has been able to achieve substantial growth in export business in UK market through its subsidiary AEI Power Cables Limited. Now the thrust is to earn positive returns and the Company is making a continuous endeavour towards it.Company has sought the restructuring of its debt under Corporate Debt Restructuring (CDR) mechanism in order to overcome the adverse effects of huge financial & cash losses and to ensure its long term viability. The CDR Empowered Group approved the Corporate Debt Restructuring Package for the Company in October, 2010. The said approved package has been fully implemented by all the lenders of the Company after execution of Master Restructuring Agreement(MRA).The company is facing a difficult business environment. Market conditions are expected to improve gradually in future.Company is one of the major players in the Indian cable industry and caters to the cabling requirements of three major sectors namely Power, Railways and Telecom.The company expects growth in all these sectors.Another aspect of growth is visible at the Company's export business front where the Company is targeting for an enhanced market share in the international market through its subsidiaries AEI Cables Ltd. and AEI Power Cables Ltd, UnitedKingdom.Considering all these at present prices its a hold.Risk apetite ones can even punt a small position here.