Financial Daily
from THE HINDU group of publications
Saturday, October 28, 2000
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Financial Daily from THE HINDU group of publications Saturday, October 28, 2000 |
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GIPCO: Shutdown woes
The problems with one of its units may act as a drag on the revenue and earnings stream of Gujarat Industries Power Co.
The company has indicated that out of the two units in Surat Lignite Plant, one unit of 125 MW is down due to the unforeseen mechanical problems and is expected to be sychronised in the second week of November. The indication that this may affect profits
for part of the year may lead to sluggish trends in the stock price. -- BL Research Bureau
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