How do you arrive at a land price of 100 per sq ft?

However, they do believe that in terms of the number of steel vendors, that’s really not enough to cater to the huge demand that sector has today, which is why one of the reasons why they see a de growth in kirloskar Ebara sales is bcz the steel manufacturers have been really full in their capacity, and there have been alot of delays in dispatches from their side, which is why a lot of their consignments have not gone out this qtr
But that should go out in q2, so according to them yes demand is good, but there is an issue generally with the supply chain in India. They do believe that there are not enough qualified sub- vendors not the pump vendors, but the sub- companies to the pump vendors

On the opportunity on pump storage hydropower
They launched metallic volute pimps sometime 15-16years ago. And as you go larger, they have reversible turbines.
With the requirements in India, earlier being smaller pumps, they have developed a range of up to 30 megawatts . Where these pump storage schems actually require pps of 100 plus megawatts. And while they believe they are capable of doing this too. They are always asked where is you’re proven track record.
Now according to them, if India hasn’t had requirements of such pumps earlier. They cannot provide a proven track record. And they are therefore trying to see how they can still deliver . Maybe they will grow their sizes. The capability is, there, but i guess it’s not having supplied earlier that hurts them. Many of their customers over the years, for the last 8 years, have trusted us to make products of all kinds for the first time in India.
And while they have gone up 30megawatts.they need to build trust to go beyond 30 megawatts. That’s as car as pump storage schemes are concerned.

The order book of 3000crs is executable in 12-18months

Th American petroleum Institute certified pumps (API) they supply to is BB2, BB3, BBB4, BB5, and VS4,VS5, OH3 AND OH5 AND OH2. so those are the categories within API that they supply. And non API is ISO 5199

They are supplying pumps to GOOGLE, AWS and MICROSOFT, these pumps mostly go into data centres . They have fire pumps.

There is standardization for these pumps. And thays really why they’re able to get them in good numbers, bcz usually they are designed, the data centres are designed by big engineering companies, people like Arabs and all these guys. And so the specification is sort of put through them, usually or they sort of come up with the specification

KBL AND SPP qualify to almost every global standard that’s possible. And about a decade ago, KBL was the first pump company in India to have FMUL approval for its firefighting, the factory and it’s products

They are the only company who designs in India snd manufacturers in India for the world. So when their products are Accepted around the world, bcz they meet global standards, whether of quality or performance, or delivery, they make some of the most efficient pumps in the world.

They are already supplying pumps to India to the ame three entities they mentioned above microsoft, Aws, google. Bcz pumps are already approved for the entire group.

Smartness is good but when utilized for the growth of everyone and is disastrous when it is self-centred, ever checked out KP group’s YouTube channel? Filled with auto-biographies of Mr.Farukh which nobody is interested in watching and now this deal clears his intentions and where the company will end up in the long run…the land is not worth more than 25-30Crs. as the outskirts of Surendranagar which is a small town (45 km²) in Gujarat has land prices between 80-100rs/sqft so 2275135.45 sqft x 100 = 22.75Crs. and these guys are ready to pay 126Crs. for that. If you see the AR this guy owns 25+ such companies (why?) more than enough to buy back the entire KPI green for peanuts. Already the debt/equity is at 2.4 and they want to do a further fundraising…amusing! Things were manageable until the developments in the past few days. Would you distribute water if you don’t have enough to drink? but they do! Generous? Don’t have money to fund projects and distribute dividends and who benefits the most out of dividends? Smart?

rating downgrade to default due to missed payments. Co also cancelled earnings at the last moment.

https://www.business-standard.com/companies/news/ind-ra-downgrades-sterling-and-wilson-renewable-energy-in-default-grade-123101101392_1.html

Ideaforge – advantages are that they are among the first to start commercial activities. But
drone market is India is starting to get heavily congested and there are more than 100 players. Goods news is that low payload and range and being left to private entities while HAL, L&T are into highly niche areas like high altiude , high payload or weapons platforms ( Archer, Ghatak)
The defence market is the biggest one in India. And Positive indigenization list that is being released by Defence minister which puts higher hurdle on imports and nudges the forces to insource. Right now, we do import a lot from China but efforts are on to start everything locally. +ve sign here: Press Information Bureau

Fifth Positive Indigenisation List

The Fifth Positive Indigenisation List has been prepared by DMA after several rounds of consultations with all stakeholders. It lays special focus on import substitution of components of major systems besides important platforms, weapon system & sensors and munitions which are being developed and likely to translate into firm orders in the next five to ten years.

Prominent items include Futuristic Infantry Combat Vehicle, Articulated All-Terrain Vehicles, Remotely Piloted Air Borne Vehicles upto 25 Km with 2Kg Payload for Army, Naval Shipborne Unmanned Aerial System, Medium Upgrade Low Endurance Class Tactical Drone,