Member Info for Bhajanbuffett

For your wealth, buy this stock for long term : ) I have not said much the last 2 weeks, as the SP don't reflect the kind of heavy investment required for such business. The SP upside weigh far higher than the drop in long term

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/736bd72a-3c9a-11e2-a6b2-00144feabdc0.html#ixzz2DyNWpQxi The City of London should be deposed as the euro’s main financial centre so the single currency club can “control” most financial business in the eurozone, France’s central bank governor has said. Christian Noyer of the Banque de France said there was “no rationale” for allowing the euro area’s financial hub to be “offshore”, in a blunt assessment that will fan UK concerns over EU rules being rigged against it. High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. “Most of the euro business should be done inside the euro area. It’s linked to the capacity of the central bank to provide liquidity and ensure oversight of its own currency,” Mr Noyer told the Financial Times while touring Asia to promote Paris as a renminbi trading centre.

The UPA government cannot afford another Power outage getting nearer to election, they are pushing for most of the outstanding issue to be resolved.

Essar energy is making a turnaround from its horrid period beginning from end of last year, the growth prospect is on the upside.

Very strong growth and higher EBITDA, good news

Inevitable for this kind of high investment to occur high depreciation, this is not actual loss as cost of depreciation will be used to pay and reduce the debt.

No reason for price dropped.

Three reason why most shares price dropped 1. Disagreement between IMF and ECB on Greece 2 years extension. 2. Fiscal Cliff in USA and Japan 3. Israeli and Hamas Tension

I no longer worried about SP drop, if I have more funds, believe me I will keep on buying at this price, it is a no brainer, solid fundamental trend. I am getting my family to buy.

It is inevitable for the debt to increase for now but it is positive, as the increase is due to working capital requirement for increasing revenue.

and beyond : )

Don't worry about it, 138p is a good buy, it will shoot back up!

Mon, 12th Nov 2012 08:30 RNS Number : 8631Q Essar Energy plc 12 November 2012 ? Essar Energy commissions second unit at Vadinar P2 power plant November 12, 2012: Essar Energy plc [LSE: ESSR], the India-focused integrated energy company, today announced that it has now commissioned the second of two 255 megawatt units at its Vadinar Phase 2 (P2) power generation project in Gujarat state. The coal fired Vadinar P2 plant, with a total 510MW capacity, is now fully commissioned, providing power and process steam to Essar Oil's nearby Vadinar oil refinery, which has a capacity of 20 million tonnes per annum/405,000 barrels per day. The addition of coal fired generation will significantly lower generation costs and result in improved refinery margins. Power will also be sold to Essar Steel and into the merchant market. Essar Energy's installed generation capacity now stands at 3,310MW, an increase of 1,710MW over the past 12 months. Of this, 2,110MW is captive capacity supplying power to Essar's refinery and steel plants, with revenues largely dependent on power plant availability rather than power generated. Naresh Nayyar, Essar Energy chief executive, said: "The commissioning of the second unit at Vadinar P2 is an important step forward for our power business and also for the refinery given the positive impact this will have on margins."

Will start decreasing debt burden going forward with increasing GRM.

I am expecting EBITDA for Y13 to be around Rs3000Crore

DAMN I HAVE EXHAUSTED ALL FUNDS, BUYING ON CFDS NOW

Rating issued prior to releasing of this excellent result

Essar Oil Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2012 as follows: Net Sales of Rs. 2096300 lacs for the quarter ending on 30-SEP-2012 against Rs. 1999300 lacs and Rs. 1293900 lacs for the quarters ending on 30-JUN-2012 and 30-SEP-2011 respectively. Net Profit / (Loss) of Rs. 10500 lacs for the quarter ending on 30-SEP-2012 against Rs. (140000) lacs and Rs. (16600) lacs for the quarters ending on 30-JUN-2012 and 30-SEP-2011 respectively.

Essar Oil, which will announce its second-quarter earnings today 9th November, is 87% own by Essar Energy Plc.

Essar Oil, which will announce its second-quarter earnings tomorrow