CALS Refineries Limited is a public listed company, listed on the Bombay Stock Exchange (BSE) with the Scrip Code 526652.Currently trading below its face value of Rs.1.
The Company’s first project involves the relocation and re-erection of an existing German refinery, with an upgraded crude oil refining capacity of 100,000 bpd in Phase I, to Haldia in West Bengal. The Company plans to expand this capacity to 200,000 bpd in Phase II through the relocation of another refining unit from East Asia, and to then implement an additional 200,000 bpd of green-field capacity in Phase III.The targeted completion date for Phase I of the project is in fourth quarter of 2011.When completed this will be the second largest project in India.
Stock showing good volumes after good investment option for 2-3 yrs ,currently trading @.35 paisa ,lower risk is minimal and profit unlimited.Same type of company in the hands of Reliance group(RPL) was trading around 150-200.FII has 6% investment in this company,from 2009 onwards in consolidated in below 1.5
2 comments:
Thanks you.I brought @ 0.29 day before yesterday ,good going ,more ideas ?
Hi,
July 28th is the AGM and lot of buzz is happenning around this stock.FC is not yet completed.Can you give me any more ideas when this stock will reach Rs 1/- and more.
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