buy cairn india with target of 850 in two years

the company is engaged in production of crude oil . the company production is going to increase by 6 times by the begining of 2010 . the output of its rajasthan oil field is around 175000 barrel per day .it will supply 20% of crude consumption of india . as the average crude price projected by 2010 will be 175$ .the company will be reaping huge profits within years to come .

the company posted excellent results for this quater




Rajasthan Upstream development underway and on track for first commercial production H2 2009


Larsen and Toubro Limited (L&T) has started construction in Gujarat of the export crude oil insulated pipeline, gas pipeline and associated facilities from Barmer, Rajasthan to the Gujarat coast


Rigs secured for development and exploration drilling in H2 2008


New acreage in Sri Lanka


Bids submitted for NELP VII acreage in India

FINANCIAL
The gross production of the operating units was 71,082 boepd (barrels of oil equivalent per day) in Q2 2008 (77,392 boepd in Q2 2007) and the working interest production was 18,764 boepd in Q2 2008 (19,775 boepd in Q2 2007).

“Cash flow from operations”, worked out as profit after tax prior to non-cash expenses (non-cash employee cost, depreciation, depletion, amortisation and deferred tax) and exploration cost, was Rupees (Rs). 2,780 million (US$ 66.7 million) for Q2 2008 as compared with Rs. 2,234 million (US$ 54.1 million) for Q2 2007. Cash (net of borrowings) available as at 30 June 2008 was Rs. 35,287 million (US$ 822.7 million).

The consolidated revenue of Cairn India Limited and its subsidiaries for Q2 2008 was Rs. 4,036 million (US$ 96.9 million) as compared with Rs. 2,433 million (US$ 59 million) for Q2 2007.
The average oil price realisation in Q2 2008 was US$ 125.9/bbl and for Q2 2007 was US $ 69.6/bbl. The gas price realisation in Q2 2008 was US$ 4.3 /mscf and for Q2 2007 was 4.3/mscf.

Average price realisation per boe was US$ 95.2 in Q2 2008 and for Q2 2007 was US$ 50.4.
The consolidated Profit before tax for Q2 2008 was Rs.2,196 million (US$ 52.7 million) as compared with a loss of Rs. 312 million (US$ 7.6 million) for Q2 2007. The consolidated Profit after provision for tax (including deferred tax and FBT) for Q2 2008 was Rs.1,385.8 million (US$ 33.3 million) as compared with a loss of Rs. 714.4 million (US$ 17.3 million) for Q2 2007.

stock picks of nuclear deal

now the nuclear deal is signed the
stocks that are benefited from nuclear deal

companies like L&T, BHEL, NTPC, Areva T&D, Alstom Projects, Rolta, HCC, ABB, Crompton Greaves, Siemens stand to gain.

L&T

L&T has done engineering, procurement and construction projects for nuke power plants. It is currently working on the 2,000 MW Kudankulam nuclear project. The company will get into mainstream nuclear projects if the deal goes through. L&T�s talks with Toshibha failed. It entered into a recent tie-up with Mitsubishi for super critical boilers. The Mitsubishi technology would be used for Nuclear Power Corp. L&T may leverage its relationship with Mitsubishi for its other nuclear business.

BHEL

BHEL supplies up to 500 MW of equipment to Nuclear Power Corp. It is looking for a tie up manufacturing equipment of up to 700 MW & 1500 MW. The company has been in talks with Alstom, GE Energy, Russia's LMZ and Siemens. It has an existing tie-up with Siemens for nuclear technology.

NTPC

The company is in talks with Nuclear Power Corporation of India. It is looking at setting up 2000 MW nuclear plant. He is In talks with GE Energy for technology and fuel. NTPC is looking at the project to be operational by 2012-2013.

Areva T&D

Areva T&D is looking at a plant for uranium mining and recycling. The plant would be set up after nod from Nuclear Power Corp.

Alstom Projects

The company already makes nuclear reactors and rotors. Its parent company is a world leader in conventional nuclear projects. It makes turbines for nuclear power stations. It supplies steam turbines to over 30% of nuke power stations globally.

Rolta

The Rolta-Stone and Webster joint venture competent provides reactor-building technology. It will leverage on its partner's core competency. Stone & Webster's parent has 20% in Westinghouse Electric, a nuclear reactor maker.

Gammon has undertaken turnkey construction for nuclear projects.

HCC

HCC has constructed four of seven nuclear power projects in India. It is an EPC contractor for nuclear projects.

ABB

ABB makes components for power projects. Its parent company�s exposure includes new
nuclear power plants, systems and components. The parent company�s exposure includes fuel services, waste management and decommissioning.

Crompton Greaves

Crompton Greaves works with Nuclear Power Corporation of India. It has completed a switchyard for nuclear project.

Walchandnagar Industries makes critical equipment for India's nuclear power facilities.

Siemens has a marginal exposure through its parent company.

Reliance Energy plans to invest additional Rs 12,000 crore in nuclear power capacity. It plans to install 2000 MW of nuclear power capacity.

Tata Power has tied up with some major nuclear equipment suppliers like Areva. It already has a relationship with Toshiba; it will leverage on it.

for more tips check this site

www.softpcs.blogspot.com

learn how to invest by playing moneybhai game online

in this game you will get 25 lakhs to invest in companies listed in nse and bse , good opportunity for beginners .just click the following image.

Stock Round Up

• Technical calls
• Stock News
• Stock Advice

Market Round Up

• Market Commentary
• IPO News & Advice
• MF News & Advice

Pre Market Cues

• Stocks in news
• Global Markets
• Udayan's Commentary

More News

• Earnings
• News
• BSE Announcements

More Markets

• Market Stats
• Market Research
• Brokerage Recos

New to online investing or an old pro? Use Moneybhai as an investing challenge or as a learning tool
	Check out the winning strategies and portfolios of those ahead in game Name Total Gain 1.gungun mittal (22.71%) 2. kdevi (19.26%) 3. Rajeev Singh (17.91%) 4. 9414333431 (17.88%)
The online trading simulation game is useful for everybody from beginners who have never placed a trade to sophisticated investors looking to test out advanced strategies

markets will loose 1000 points in next week

it seems like market will hit a new low in upcoming week as , the crude hitted a new high and the
IIP numbers were very low , moreover 21-22 july can made a turnaround in markets asvote of confidence in parliament on nuclear deal is scheduled on this day . if congress losses , the mayhem will begin and there is an equal chance of touchin even 10000 levels. so be carefull it is better to stay out of market .

markets will agin crash as Crude hits new high 146$ on friday

Crude hits new high 146$

Crude prices jumped nearly USD 10 per barrel in the last two trading sessions. This is mainly due to threats to production in Nigeria and Brazil. Additional missile tests by Iran also escalated tensions. It was trading at USD 145.98 per barrel on the Nymex.

Iran test-fired nine long and medium-range missiles on Wednesday during war games and oil prices jumped on news of the missile tests.