Category Archives: Facility

Force Motors Launches First SUV Force One at Rs 10.65 lakh

Force Motors, is reported to have launched its first SUV Force One, and at Rs 10.65 lakh in Delhi, and the company is using the drivetrain technology gotten from Mercedes-Benz for the SUV, as its Passenger Vehicle Division spent the last one year or more to develop the new SUV.

Also, the company hopes to sell 4,000 units of the SUV in the first year, as the market size for the sector is about 70,000 units a year and the SUV is said to compete with, Mahindra Scorpio, Toyota Innova and the Tata Safari.

However, Force Motors intends to invest Rs 1,000 crore, in the next two years to boost its manufacturing footprint, and the company is presently discussing with the Madhya Pradesh Government to start a new manufacturing plant, with the decision being finalized in the next two months.

Hence, funds are said to be raised by combining of internal resources and loan, as the company might follow the capital market route as well as propose a rights issue.

Moreover, Dr. Abhay Firodia Chairman of Force Group, Stated: “The company may set up a new assembly line at its Pithampur facility or set up a third plant outside the state, and the installed capacity of the new line will be 12,000 units per annum that can be expanded to 24,000 units”.

Alstom Projects Short Term Buy Call

Technical analyst Shrikant Chouhan of Kotak Securities has maintained ‘buy’ rating Alstom Projects Limited stock with short-term targets of Rs 600 and 610.

The analyst added that the interested investors can sell the stock with a stop loss of Rs 560.

Today, the stock of the company opened at Rs 581.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 874.85 and a low of Rs 510 on BSE.

Current EPS & P/E ratio stood at 25.19 and 22.98 respectively.

Alstom Projects India Ltd has pocketed three major deals valued at more than Rs 270 crore to set up hydroelectric projects in India.

The primary agreement has been inked with Shiga Energy Pvt Ltd for the 97 MW Tashiding hydroelectric project in West Sikkim region on the Rathang Chu river.

The second agreement has been inked with NSL Tidong Power Generation Pvt Ltd.

The third order has been inked with Haridwar Infrastructure Pvt Ltd.

All instruments will be fabricated at Alstom’s Vadodara plant in the state of Gujarat, one of the company’s biggest hydro equipment manufacturing centers internationally.

Alstom projects that the country has an economically exploitable and viable hydro prospective of around 84,000 MW.