Business Daily from THE HINDU group of publications Saturday, Jan 13, 2007 ePaper |
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Stock Markets Markets - Stocks Industry & Economy - Electrical Goods Columns - Ear to the ground Deeptha Rajkumar
Power transmission tower companies have reportedly been amongst the most active counters stocks in the power T&D space in the recent past. Analysts maintain that although sector valuations have expanded over the past 12 months, the sector still offers potential upside. The stock of Kalpataru Power Transmission Ltd ended at Rs 1,073.50, up 5.55 per cent, on the BSE. The counter has gained by almost 16 per cent month on month. Jyoti Structures ended the day at Rs 138.60 on the BSE. The counter has gained by almost 18 per cent. An encouraging investment environment, maintenance-led upgradation programmes and new T&D network roll-outs are expected to continue to propel growth in this segment. The Eleventh Plan is likely to see an investment of around Rs 2,47,500 crore for the expansion of the transmission infrastructure. Consequently, sources said, the addressable market for the power transmission tower industry from this opportunity is likely to be Rs 25,000 crore over the Eleventh Plan period.
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