Abhishek Securities

The RINL is conducting a mineral exploration survey by the Mineral Exploration Corporation Limited in Bhilwara region of Rajasthan where it has been allotted low-grade iron ore. After picking up majority equity in Eastern Investments Limited through a payment of Rs.360.30 crore in 2010, the RINL had pinned high hopes on getting mines in Odisha. The EIL has strategic control over the Orissa Mining Development Corporation. “We have legitimate right to get captive mines in Odisha. The Centre should not show step-motherly treatment to RINL and clear legal hurdles in getting iron ore through OMDC at the earliest to save production cost. At the same time, the State Government should bring pressure on Centre to clear allotment of Kukunoor mines,” Visakha Steel Employees’ Congress (recognised union of VSP) general secretary Mantri Rajasekhar said. The RINL has a long-term agreement with the National Mineral Development Corporation for supply of iron ore from Bailadila in Chhattisgarh...

COMPANY NAME : OUR  BUY PRICE OUR  SELL PRICE ANANDAM RUBBER   35 Aricent Tech 45 70 ABCL 24 32 ATLAS COPCO 1500   Axles India 18 35 Associated Pigment 15 55 Aspin Wall 100 150 Arch Pharma 250 300 Alembic Glass (Shreno Ltd)   EX BONUS 2:1 NOV'2012 700 950 A V Thomas & Co 1400 2400 Avery India 60 110 Anup Engg 255 650 Abacus Computer 3   ACE DERIVATIVES AND COMMD. EXCHN 10   Ahmedabad S E 30 40 Bharti Teletech Ex Payout   325 BINANI METALS 3000   BINANI CEMENTS 55 95 Bharati Telecom 3300 3700 Bausch & Lomb (Rayban Optics) 50 95 Bennet & Colman Ex Bonus 8:1 2000   Bharat Hotel 115 140 Bharat Nidhi 12500 14000 Bosch Chasis 300 550 Bse 300 330 Baroda Power 10000 30000 Bangalore S E 10 13.5 Camac Commercial (Phy) 4750   Catholic Syrian Bank 140 175 Cadbury 1700 2000 Carrier Aircon 50 90 Chemundrum Ispat     Calcutta Stock Exchange 1200 2000 Cochin Int. Airport 105 175 Cross Cou...

Thanks to a Calcutta High Court order, Orissa Minerals Development Company (OMDC), a listed subsidiary of state-owned Rashtriya Ispat Nigam Ltd, has received a lifeline of sorts.The iron ore miner, short of any real work until recently for want of mines, has been allowed to lease three resource-rich mines – Kolha Roida, Thakurani and Dalki – that the state government had originally leased out to Bharat Process and Mechanical Engineers Ltd (BPMEL). For, BPMEL is now under liquidation.BPMEL had contracted OMDC in 2003-04 to mine at the three sites on its behalf. When the approvals expired in 2006-07, the three sites were shut.In the wake of BPMEL’s ongoing liquidation, the state government had sought to re-possess the mines.The court, however, directed that since OMDC had been mining at these sites, it should be allowed to retain their possession now.OMDC informed the BSE that it has received a letter from the office of the official liquidator at the Calcutta High Court to this effect...

REASON 1. EQ OF EASTERN IS 1.44 CR AND IT HOLDS 51% SHARES IN OMDC TODAYS MKT CAP OF OMDC IS 2400 CR AT TODAYS PRICE OF RS.4000/SH THIS GIVES A BOOK VALUE/ INTRISIC VALUE OF APPROX RS. 9000.00 PER SHARES AGAINST THE CURRENT MKY RATE OF AROUND 3500.00 PER SH. REASON 2  IN EASTERN U CAN PUMP IN CASH which will get long term on merger after 1 yr REASON 3 EASTERN WILL BE MERGED IN RINL IN 12 MONTHS AS PER STATEMENT OF BOARD IN AGM RINL WILL BE LISTED BY IPO IN OCTOBER 2013 THE MECHANT BANKER WILL HAVE TO VALUE EASTERN ACCORDING TO INTRISIC VALUE THUS GIVING SHARE HOLDERS A VERY FAVOURABLE RATIO AT THE TIME OF MERGER REASON 4 WE ARE BULLISH ON OMDC AND EXPECT THAT THE PRICE SHOULD GO TO ABOUT 1 LAC IN 1 YRS TIME. IN SUCH A SCENERIO , IT IS DESIRABLE TO SELL OMDC AND BUY EASTERN FOR THE SAME AMOUNT WHICH SHOULD DOUBLE THE PROFIT FOR INVESTOR, AS EASTERN IS LIKELY TO BE SOLD AT AROUND 15000/SH COMPARED TO A CURRENT PRICE OF 3500/SH IN 1...

  Eastern Investments Limited   is a public sector company promoted by Govt. of India.. There are 5 companies within the fold of Eastern Investment Ltd. The most valuable company in this group is Orissa Mineral Development Corporation Limited which is into Iron Ore Mining. Eastern Investments  is holding 51% Shares in OMDC. It belongs to the Bird Group of Companies. 306000 Shares of Orissa Minerals Development Company Limited are held by  Eastern Investments , which has a small capital of Rs. 1.44 CRORES. Last declared dividend in Eastern Investment Limited is 65.65%   for FY 2010-11 The Shares of  Eastern Investment  are available @ Rs.4500.00 / Share Shares of  Eastern Investments Ltd . are listed at Calcutta Stock Exchange although not traded .TRADES ARE DONE IN OFF MARKET. The Shares of  Eastern Investment  are dematerialised with NSDL & CDSL. At todays price of Rs. 33,000.00 / share of OMDC, the value o...