dkishore
29-05-2008, 06:16 AM
Shares of Kolkata-based TIL (formerly Tractors India), manufacturer of mobile cranes and material handling and power equipment in India, is being accumulated by investors. The interest has emerged after the company issued sizeable amount of warrants convertible into equity shares to promoters of a leading Mumbai-based investment banking house. According to the market sources, its tie-up with Caterpillar will help in providing financing solutions to equipment buyers in India.
Further the company is planning to set up a second plant in West Bengal, catering to both export and domestic market at a cost of about Rs 200 crore. The company has already identified land for this purpose. The company has posted an EPS of about Rs 43 for the financial year 2008. Analysts estimate the company to report an EPS of about Rs 65 for financial year 2009 on a diluted equity.
This is largely due to its presence in material and port handling and power equipment, both sectors ranking high on the priority list of the government
Further the company is planning to set up a second plant in West Bengal, catering to both export and domestic market at a cost of about Rs 200 crore. The company has already identified land for this purpose. The company has posted an EPS of about Rs 43 for the financial year 2008. Analysts estimate the company to report an EPS of about Rs 65 for financial year 2009 on a diluted equity.
This is largely due to its presence in material and port handling and power equipment, both sectors ranking high on the priority list of the government