Sesa Goa

Sesa Goa acquires remaining stake in Liberia-based WCL

Sesa Goa acquires remaining stake in Liberia-based WCLLiberia-based Western Cluster Ltd (WCL) has become a wholly-owned subsidiary of Vedanta Resources iron ore mining arm Sesa Goa as it acquired the remaining 49 per cent stake in the company for $33.5 million (Rs 185 crore).

Sesa Goa had purchased a 51 per cent stake in WCL in 2011 for $90 million (Rs 411 crore).

Villagers demand closure of Sesa Goa plant

Villagers demand closure of Sesa Goa plantSeveral hundreds of villagers from Navelim in Bicholim taluka held a protest asking for the closure of Sesa Goa’s metallurgical coke plant in the village.

The villagers claim that the plant is polluting their surroundings. They also say that the company did not obtain any permission from the Pollution Control Board (PCB) and Central Ministry for Environment and Forest (CMEF) before starting the project in the village.

Indian Market Closes at 5-month High; Crude Touches 3-month High

Indian Market Closes at 5-month High; Crude Touches 3-month HighIndian Stock Market closed at five month high on Monday. The BSE Sensex remained flat during most of the trading session but inched up in the last one hour of trade. BSE Sensex closed 75 points higher at 17633 and NSE Nifty closed at 5347, registering a gain of 27 points.

Sesa Goa shareholders approve merger with Sterlite Industries

Sesa Goa shareholders approve merger with Sterlite IndustriesThe shareholders of iron ore firm Sesa Goa have given their approval to a merger with group firm Sterlite Industries with 91.7% of the Sesa Goa shareholders present at a meeting in Goa voted in favor for the acquisition.

On the other hand, 92% of Sterlite Industries' shareholders approved the deal. Anil Agarwal-led Vedanta Resources has been planning to merge two of its units, Sesa Goa Ltd. (SESA) and Sterlite Industries (India) Ltd. in an attempt to reduce its debt in the country.

Vedanta planning to merge Sterlite with Sesa Goa

Vedanta planning to merge Sterlite with Sesa GoaVedanta Resources Plc (VED) is planning merge two of its units, Sesa Goa Ltd. (SESA) and Sterlite Industries (India) Ltd. (STLT) in an attempt to reduce its debt in the country.

Sesa Goa is a leading iron ore while Sterlite Industries is involved in production of copper and aluminium. Vedanta Resources had earlier tried to merge its copper, aluminium and iron ore business units in 2008 but it had to abandon the plans following stiff opposition from investors.

Vedanta to merge Sesa Goa and Sterlite Industries

Vedanta to merge Sesa Goa and Sterlite IndustriesAnil Agarwal led Vedanta Resources is planning to merge two of its units in the country, namely, Sesa Goa and Sterlite Industries.

Sesa Goa is a leading iron ore while Sterlite Industries is involved in production of copper and aluminium. Vedanta Resources had earlier tried to merge its copper, aluminium and iron ore business units in 2008 but it had to abandon the plans following stiff opposition from investors.

External forces funding activists against Goa’s mining firms

External forces funding activists against Goa’s mining firmsA senior official of a mining firm in Goa has said that foreign funding might be behind those opposing the iron ore mining industry Goa.

P K Mukherjee, the Managing Director of Sesa Goa Limited said that the company does not know if foreign funding is behind the activism but warned that such aspects are harmful in the long run.

Court Bans Mining in Karnataka’s Iron Ore-Rich Area

Court Bans Mining in Karnataka’s Iron Ore-Rich AreaThe India's largest private sector iron ore producer and exporter, Sesa Goa 's shares have been hit by a 52-week-low on a mining ban in the iron-rich regions of Chitradurga and Tumkur districts in Karnataka. The stock was recorded to be down by Rs 10.55 or 4.74%.

The shares of JSW Steel Ltd are trading at Rs. 651, which is decreased by Rs 13.90 or 2% and the stock has been hit by a high of Rs. 675 and a low of Rs633. It was reported that Sesa Goa owns a mine and JSW Steel runs its biggest mill in the country.

Buy Sesa Goa With Stop Loss Of Rs 307

Buy Sesa Goa With Stop Loss Of Rs 307Technical analyst Ashwani Gujral has maintained 'buy' rating on Sesa Goa Limited stock with a target of Rs 330.

According to analyst, the investors can buy the stock with a stop loss of Rs 307.

The stock of the company, on May 02, closed at Rs 313.45 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 427.20 and a low of Rs 261 on BSE.

Current EPS & P/E ratio stood at 40.20 and 7.72 respectively.

Sell Sesa Goa With Intraday Target Of Rs 296

Sell Sesa Goa With Intraday Target Of Rs 296Technical analyst Simi Bhaumik has maintained 'sell' rating on Sesa Goa Limited stock with an intra-day target of Rs 296.

The analyst said that the stock can be sold with a stop loss of Rs 312.

Bhaumik also said that it is better to sell the stock at this time in order to avoid loss.

After selling the stock in today's session, the interested investors can buy the stock again on dips to reap gains in medium or long term.

The stock of the company, on April 18, closed at Rs 305.30 on the Bombay Stock Exchange (BSE).

Buy Sesa Goa With Stop Loss Of Rs 259

Buy Crompton Greaves With Stop Loss Of Rs 258Technical analyst Nishant Jain of Tradeswift Broking has maintained 'buy' rating on Sesa Goa Limited stock to achieve a target of Rs 270.

According to analyst, the investors can buy the stock with a stop loss of Rs 259.

The stock of the company, on March 22, closed at Rs 262.80 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 37.73 and 7.06 respectively.

The share price has seen a 52-week high of Rs 494.30 and a low of Rs 261 on BSE.

Buy SESA Goa With Target Of Rs 326 : PINC Research

Buy SESA Goa With Target Of Rs 326 : PINC ResearchAs part of the Union Budget 2011-12, export duty on iron ore is proposed to be hiked to a uniform 20% from existing 5% on fines and 15% on lumps, further compounding problems for Sesa Goa. We estimate FY12E EBITDA impact of Rs8.7bn (16%) and EPS impact of 11%. However, in our opinion, CMP adequately factors in the concerns. Maintain ‘BUY’ with a revised DCF-based TP of Rs326.

Recovery from industrial units begins in Goa

Recovery from industrial units begins in GoaFollowing the Supreme Court's order of withdrawing power rebates to industrial units, Goa government has began one of its biggest recovery campaign. Goa government will be recovering dues around Rs 16 crore from companies based in Goa. The companies which have to pay dues include big names also like Sesa Goa, Nestle India and MRF.

Buy Sesa Goa With Target Of Rs 345

Buy Sesa Goa With Target Of Rs 345Technical analyst Ashutosh Sarna maintained 'buy' rating on Sesa Goa Limited stock with a target of Rs 345.

According to analyst, the stock can be purchased with a stop loss of Rs 328.

The stock of the company, on January 24, closed at Rs 330.25 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 494.30 and a low of Rs 290.70 on BSE.

Current EPS & P/E ratio stood at 37.73 and 8.76 respectively.

Iron ore miner Sesa Goa announced 39 per cent growth in its standalone net profit for the three month period ended December 2010.

Sesa Goa Q3 profit surges 29%

Sesa Goa Q3 profit surges 29% Volume concerns, pricing gain; Upgrade to `BUY' Sesa Goa's consol. revenue and EBITDA grew 19% YoY each to Rs22.5bn and Rs12.3bn respectively, on increased realisation
(up 59% YoY to USD87/t) despite lower volumes (5.4mnt, dow 21% YoY, first decline in 14 qtrs). Adjusted profit rose 40% YoY to Rs10.6bn on higher treasury income and lower tax rate.

Key result highlights:

Hold Sesa Goa With Target Of Rs 302: PINC Research

Hold Sesa Goa With Target Of Rs 302: PINC ResearchThird party mining operations in Orissa ceased- To dent volumes & earnings Sesa Goa announced closure of its third party mining operations in Thakurani mine, Orissa as it was unable to renew the contract on viable commercial terms on long-term basis. We believe this will negatively impact volumes; however the impact on earnings would be less severe due to third party nature of the contracts which entail higher costs.

Following these developments we reduce our volume estimates by

Intraday Buy Cal For Sesa Goa

Intraday Buy Cal For Sesa GoaStock market analyst Nikita Surekha has maintained 'buy' rating on Sesa Goa Limited stock to achieve a target of Rs 346.

According to analyst, the stock can be bought with stop loss of Rs 331.

The stock of the company, on November 15, closed at Rs 338.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 494.30 and a low of Rs 314.65 on BSE.

Current EPS & P/E ratio stood at 34.96 and 9.68 respectively.

Target of Rs 390 for Sesa Goa, with Hold recommendation

Target of Rs 390 for Sesa Goa, with Hold recommendationIn its October 20, 2010 research report KRChoksey has suggested to hold rating on Sesa Goa with an aim of Rs 390.

Sesa Goa has accounted consolidated sales of Rs 907 crore as contrasted to the Rs 534 in the consequent quarter last year. Sales volumes rose up by 25% to 2.0 million tonnes as contrasted to 1.62 million tonnes in Q2FY10. Successively the sales volumes fall down by 62% majorly on account of seasonality.

Sesa Goa mounts 2 pc on BSE

Sesa Goa mounts 2 pc on BSEThe group, Vedanta organization Sesa Goa today augmented above two per cent in the initial deal on the Bombay Stock Exchange, a day subsequent to the group recorded above dual development in its net profit for the quarter of September month.

The reported net profit of Sesa Goa is Rs 384.94 crore for the subsequent quarter of the recent financial year as alongside Rs 166.46 crore in the similar period of previous financial.

Sell Sesa Goa With Stoploss Of Rs 365

Sell Sesa Goa With Stoploss Of Rs 365Stock market analyst Sanjay Surekha has maintained 'sell' rating on Sesa Goa Ltd stock with target of Rs 270.

According to Mr. Surekha, the investors can sell the stock with stop loss of Rs 365.

Today, the stock opened at Rs 326 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 494.30 and a low of Rs 153.50 on BSE.

Current EPS & P/E ratio stood at 25.81 and 12.84 respectively.




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