Jai Corporation

Good work vpk, keeping the thread up to date.

Thanks jnj Yeah when many people will discover the worth of Jai Corp, soon this small looking Jai Corp river will turn into Ganga river, and when flood(demand) comes, we will flow towards the ocean at very fast speed

China co in race for Rewas Port project

http://economictimes.***************...ow/3414026.cms

it looks like traderji is no more usefull blocking URL's also.

any other better forums than this ?

**** Jai Corp suspends production at its Maharashtra unit * Diversified firm Jai Corp today said the plastic production from its Maharashtra unit has been suspended.

The company has temporarily suspended production at its plastic processing unit at Murbad. However, as the production from this unit is only about 5 per cent of the total production achieved by the company during the year 2007-08, it said in a filing to the Bombay Stock Exchange.

However, the company does not expect this suspension of production to materially affect its operations for the year 2008-09, it added.

Shares of the company closed at Rs 308.90, down by 4.01 per cent on the BSE.

Jai Corp likely to foray into city gas, LPG distribution
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MUMBAI: Anand Jain promoted Jai Corp steps on gas. The company plans to get into distribution and supply of city gas and liquefied petroleum gas (LPG), hitherto an area primarily dominated by the government-owned oil marketing companies (OMCs).

Confirming this move, Anand Jain, chairman Jai Corp told ET, “We have passed an enabling resolution to get into the distribution of city gas.” The company intends to start supply of city gas and LPG to its SEZs in Mumbai and Navi Mumbai. Later, it will expand its operations in other cities. Jai Corp plans to supply gas through three subsidiaries namely Urban Gas, Urban Gas Distribution and Urban Gas Suppliers. It will shortly seek the government’s approval for the same.

Although the company will supply gas to its twin SEZs in Mumbai to begin with, it will later extend the operations in other parts of Maharashtra. “We will take out gas supply business to the cities where we will set up townships,” he said. Reliance Industries (RIL), it may be mentioned, is barred from getting into supply business in Mumbai as per the no-compete agreement it signed with the Anil Ambani group. Mr Jain is a close confidante of RIL’s chairman Mukesh Ambani.

The family agreement, which divided the Reliance empire between the Ambani brothers three years ago, kept the distribution of city gas in Mumbai and New Delhi exclusively reserved for the Anil Ambani Group. Therefore, RIL has sought the government’s approval for the gas projects in 52 cities except New Delhi and Mumbai.

LPG is the most popular fuel in Indian households. So, creation of an LPG distribution network is a logical extension for the infrastructure company which has been setting up three SEZs. “Going forward, the company will also cater to the LPG requirements of other small cities,” said Jai Corp in its latest annual report. Mr Jain is chairman of Navi Mumbai SEZ (NMSEZ) and Maha Mumbai (MMSEZ), where Jai Corp has a 10% stake.

Interestingly, two associate companies of Jai Corp have received the support of Maharashtra government to set up two 2,000 MW power plants in Raigad and Thane districts of Maharashtra, near the proposed SEZs. The 2005 family settlement prohibits Reliance Industries from getting into power business. Jai Corp has got the government approval to acquire agricultural land over 250 hectares for setting up two township projects in Maharashtra. These townships will house the people working within the two SEZs.

Three interesting points from the outcome of AGM:

1.Adoption of New set of Article of Association.
2.Resolution for making QIP
3.Transfer/Sale of Shares of Subsidiary Companies.

Can somebody explain what is 2nd point Resolution for making QIP. Is it good or Bad. What is QIP in first place. I appreciate your help.

Thanks

QIP stand for Qualified Institutional Placement. This relates to reservation of a percentage of shares for certain registered Institutions in a public/rights issue of shares by a company.

Gone are the golden days of JAI CORP ?? I see it would require at least 2 years to regain its life time high price of 1450. It is possible if and only if JAI CORP management issues some very big news..

jnj, please add in your views.

yes praveen, the pain is getting bigger by the day but it is not the time to sell,there are change of hands by the biggies, big block deals are happening, so some biggies maybe be showing their anger by short selling, the management should definitely come forward with some news like the case of ICICI,JPassociates etc., MSEZ has its trobules, global credit crunch, not a good time for the shareholders, I can only suggest to Hold or accumulate in small lots if possible.