Surya Chakra

Invest in suryachakra Power (BSE532874)Good fundamentals. Low price Abt 34 Rs.With shoot with Rel Power listing. Will touch 60 Rs. in near term. (Mr Tulsiyan)SPCL was incorporated in February 1995. In August 2000, the company was converted into a private limited company. Subsequently, in September 2005, SPCL was re-converted into a public limited company. SPCL is the sole private IPP in A&N supplying electricity to Port Blair and surrounding villages, with its 20MW diesel based power plant, at Bamboo Flat in Port Blair. The company is setting up four biomass power projects of about 10MW each - two in Chattisgarh through separate subsidiaries and two in Maharashtra through its subsidiary, MSM Energy Ltd. The present IPO is being made to fund the Maharashtra project. For the year ended March 2006, SPCL’s consolidated net profit was at Rs 27.2 million on an operating income of Rs 1891 million, as compared to consolidated net profit of Rs 15 million on an operating income of Rs 656.3 million in 2004-05