CALLPUT: Corporate Highlights

Engineering and construction giant, Larsen & Toubro (L&T), has sought regulatory approval to sell its stake in IT major, Mahindra Satyam. The company has not set a time-frame for selling its holding in Mahindra Satyam.

Subros said that the business is now very bullish, and the company is trying to keep up with the demand. High interest costs are due to large investments made on new models. The company is planning to scale interest cost down in next 6-9 months and has set target of keeping interest cost at 2-3%. Volume growth is of 20% from large players like Maruti Suzuki and Tata Motors. Company expect some improvement in margins. The company enjoys 42% market share. Company's three large customers include Maruti Suzuki, Tata Motors and M&M. The company's plans to venture intoCV segment are on track. Management expect revenues of Rs 1000 crore and PBT of Rs 60 crore are expected this fiscal. PAT is expected at Rs 40 crore this fiscal.

Infosys is eyeing foreign buys in healthcare, energy, utilities. The company is looking at acquisition of companies with $ 450-500 million revenue. Management sees IT sector recovery by 2010, to be based on volumes rather than pricing.

Aban Offshore has deployed 1 rig while 2 others will get deployed soon. The Deep Driller 7 has been deployed at the rate of $ 1,25,000/day with Petroleos Mexicanos. Deep Driller 6, Aban 7 will be deployed by the company in Persian Gulf. The day rates of Deep Driller 6, Aban 7 are at $ 100,000.

CALLPUT