The powerplant seems to be doing alright. Over here, it states that as of 31 March 2013, simhapuri made 141 crore net on 1102 revenue. The plant generated about 220cr units last year. This year after addition of 150mw unit 3, it has already generated about 147 crore units. Unit 4 150mw should be operational by year end, So we can expect more than 300 crore units for full year. Profit depends, but we should be able to expect ~250 crores for this year.
Current market cap of holding company madhucon is 270 crore. The power plant is doing well, coal is imported from indonesia but they may look at india too at cheaper rates after recent verdict ( as per comment from guy who went to agm).
Apart from power plant, they have roads (which are under pressure), coal plant abroad and more. Power plant itself seems to have value much more than current market cap.
What do you think? thanks
Current market cap of holding company madhucon is 270 crore. The power plant is doing well, coal is imported from indonesia but they may look at india too at cheaper rates after recent verdict ( as per comment from guy who went to agm).
Apart from power plant, they have roads (which are under pressure), coal plant abroad and more. Power plant itself seems to have value much more than current market cap.
What do you think? thanks