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TECOYA TREND
VOL. XLI No. 182 MUMBAI, THURDAY, AUGUST 19, 2010 PRICE: Rs. 5.00
GREY
CLOTH Gujarat Pipavav sets its IPO price
Pee Vee Textiles Ltd. Grey Fabric Rates
Quality Weave Width
(inches)
Ex- mill
Rates/Mtr
in Rs.
band at Rs 42-48 per share
100% COTTON MUMBAI, AUG. 18— The issue proceeds are It is promoted by APM integrated port services to north-
0x30/124*64 1/1 63 57 Gujarat Pipavav Port Ltd proposed to be utilised for Terminals, which is one of the west India. Located 153 nautical
60x60/132*108 1/1 63 68 (GPPL), the developer and prepayment of loans, investment largest container terminal miles from the ports in and around
60x60/92*88 1/1 63 48 operator of APM Terminals at in capital expenditure and operators in the world and is a Mumbai, GPPL is strategically
80x80/92*88 1/1 63 51 Pipavav in Gujarat, has fixed a investment in capital equipment. part of the Denmark-based AP positioned to attract shipping
Cotton + Filament price band of Rs 42-48 per share “The company has already Moeller Maersk Group. companies and serves north-west
30CottX150D/124*64 1/1 63 54 for its public issue aggregating invested Rs 2,200-crore for the The promoter, APM India comprising the states of
PC Blends Rs 500-crore, opening on August development of the port,” GPPL’s Terminals is one of the largest Gujarat, Rajasthan, Punjab and
40PCX40PC/100*76 1/1 63 50 23. Managing Director, Prakash container terminal operators in Delhi NCR by providing handling
45PCX45PC/112*72 1/1 63 48 The issue closes on Tulsiani, told reporters here. the world, and is part of the and marine services for container
Grey Mulls August 25 for QIB bidders and Rs 300-crore of the IPO APMM Group, which is ranked cargo, bulk cargo and LPG.
Count Reed x pick Width Rs./ Metre on August 26 for non-QIB proceeds would be used to 138th among the top 500 The company has entered
100x120 80x72 49" ------------------ bidders. reduce the debt of the company. corporations in the world by into long-term contractual
100x100 78x68 49" Com ------------------ Along with a fresh issue of The remaining Rs 800-crore debt revenue. APM Terminals, also arrangements with certain
90x100 76x66 48" ------------------ shares, the company is making an would be reduced subsequently, operates Gateway Terminals customers and port users for their
70x90 64x56 48.5" Comb ------------------ offer for sale of up to 1,17,07,369 Tulsiani said. India Private Limited, a container operations at Port Pipavav.
80x100 68x64 49" Comb ------------------ equity shares by the Gujarat Pipavav Port is the terminal at Mumbai engaged in The company has a right to
80x100 68x64 49" Semi Com ------------------ Infrastructure Fund of India, LLC country’s first private sector port a similar line of business of develop 1,561-acres of land at the
60x80 58x48 47" ------------------ and the India Infrastructure providing facilities for handling GPPL. port and has till now developed
60x80 58x50 47" ------------------ Fund, LLC. both containers and bulk cargoes. GPPL is offering around 485-acres.
60x80 56x44 47.5" ------------------
44x60 62x62
Grey Cambric
47" ------------------
SIMA up in arms Planning Commission needs to
COUNT
60x60
REEDXPICE
88x80
WIDTH
39" Ichal
RS./METRE
------------------ Continued from Page 1 Col 6 increase in spindle capacity transform itself: Kamal Nath
60x60 92x88 49" Comb Dyed ------------------ season. almost by one million spindle, NEW DELHI, AUG. 18-(PTI)
60x60 92x04 49" export ------------------ He further pointed out that modernization and improvement In continuing acrimony between the Planning Commission and
40x60 72x72 38" ------------------ as per the announcement made in the power position in his ministry, Road Transport Minister Kamal Nath had hit out again
2x1 72x72 40" ------------------ by the group of ministers during Tamilnadu which accounts for at the Plan panel, saying it needs to change structurally.
2x2 72x72 40" ------------------ April 2010, the country has to first 47.5% of the country’s “Just like IMF, which has to transform itself, the Planning
55x55 80x80 39" ------------------ build its minimum level stock of spindleage. Commission should transform itself... It is a structural issue,” he
55x55 72x72 39" ------------------ 50 lakhs bales apart from meeting The domestic industry said at a function last night to mark the release of a book authored
Chiffon 80/1400 ------------------ its monthly requirement of 22.5 needs atleast 60 lakhs bales as by Network 18 founder and Editor Raghav Bahl.
Powerloom Grey lakhs bales before exporting any the closing stock to maintain a The Planning Commission and Road Transport and Highways
COUNT VAREITY WIDTH PR. HAND cotton. stock-to-use ratio of 22 per cent Ministry have earlier differed on various issues. Nath had earlier
IN CMS. The cotton consumption as against the world average of described the panel as an “armchair advisor”.
100x120 Mill Comb 80x72 119 ------------------ would increase by eight per cent 33 per cent which would ensure Ahluwalia had countered Nath’s view by pointing out, “You
100x100 Mill Comb 76x66 119 ------------------ during 2010-11 consequent to the some stability in the cotton and cannot run a government only with people who know how to build
40x 60 HD Comb 62x52 117 ------------------ yarn prices and enable the Indian roads. You have to give them a set of rules...”
Century Cotton 9.000 Kg. 47" ------------------ TO KNOW exporters to meet their
10.000 Kgs.
11.000 Kgs.
37/38" ------------------
------------------
Want MOREABOUT commitments and also compete
The two bodies have been fighting a running battle over the
targets for construction of highways. While the Ministry is keen to
12.000 Kgs.
12.500 kgs.
------------------
------------------
Write for
details at: Textiles in the global market, he said.
Mr Thulasidharan has said
that the cotton crop is highly
build 20 km of highways every day, the Plan panel wants it to chase
a reasonable target, in line with availability of funds.
“We will certainly achieve the 20 km-a-day (road construction)
11.500 Kgs.
8.800 Kgs. 37/38"
------------------
------------------
tecoya@vsnl.com susceptible to pest attack and any target,” reiterated Nath.
heavy rain due to cyclone will Echoing the sentiments expressed by Nath, the former chairman
9.400 Kgs. ------------------ affect the crop substantially. of the Securities and Exchange Board of India (SEBI), M Damodaran,
Raymond 40 PV
80/72x 40PV
9.700 Kgs.
8.800 Kgs
------------------
------------------
Subscription: SIMA chief has also cautioned opined “the Planning Commission must be wound up.”
that the sowing was delayed by Nath had unveiled his ministry’s ambitious plan of constructing
80/72x40PC 9.000 Kgs ------------------
Raymond 11.000 Kgs.
11.500 Kgs.
47"
45"
------------------
------------------
Rs. 2500 almost 15 days in majority of the
areas due to late monsoon which
35,000 km of highways in five years soon after assuming charge as
Transport Minister last year.
would bring down the Releasing the book titled ‘Super Power?: The Amazing Ways
Mink Micro
9.400 kgs
7.800 Kgs.
------------------
------------------ per annum productivity upto 10 per cent and
many cotton growing areas like
Between China’s Hare and India’s Tortoise’, Nath said, “We should
80/108//80/108 6800 Kgs. ------------------ not be too critical of ourselves.”
Punjab, Haryana and coastal
9.000 Kgs. ------------------ Contact Andhra Pradesh have already
He said India has done a great job in improving rural
infrastructure, adding that the next revolution should target rural
GREY ART SILK been affected by floods and the areas. He said the advantage of India will lie in its demography.
Table (NC)
SHIRTING
Net Cash
for details: Government has to watch the rain “China will grow old before it grows rich,” he said.
behavior before making any final The minister also underlined the need for addressing issues
2/60 Cotton x 76 Polyester 88x80 ------------------
20/80 Bosky (Nylon) 4,200 46" ------------------
022-66978535 announcement on the quantity of that are hampering the growth of infrastructure facilities in urban
P.V. Satin 80/150 47" 12 Kgs.------------------ the cotton to be exported. areas.
TEXO BOSKY
76x76 7.200 47"
7.000 47"
6.800 47"
6.600 47"
6.200 47"
------------------
------------------
------------------
------------------
------------------
‘Dabba Trading’ prevalent in
76x76
Roto
76x76
6.200 Roto
6.400 Roto
------------------
------------------
6.800 Roto 36" ------------------
5.700 Plain
5.400
------------------
------------------
Punjab & Haryana: NCDEX
CHANDIGARH, AUG. 18-(PTI) difference is that the investor’s NCDEX carries out daily “Even if an investor
84x150 47" Rinkle 7.50 kgs ------------------
Commodity exchange trades do not get executed on the commodity trade of Rs 3,000 to manages to book profit on a
150x150 Tex plain 51" 8500 ----------
National Commodity & stock exchange system but in the 4,000 crore and Punjab and commodity futures transaction
150x150 Tex Dobby 46" 12,000 --------
Derivatives Exchange Ltd dabba operator’s books only. Haryana contributes Rs 150 to carried outside the ambit of
84x150 37" Dobby 7.5 kgs. ------------------
(NCDEX) today said Punjab and A dabba operator acts as a 200 crore to total trade per day. commodity exchange, such an
60sx60s 47" 74x74 ------------------
Haryana are in the list of few principal to all the trades and not Dabba Trading refers to investor may suffer a loss if broker
Normal 72x72 ------------------
states, where ‘Dabba Trading’-an as an agent of the client. the practice of trading with a involved in dabba trading goes
72x68 ------------------
illegal trading platform, is quite Stressing that there have broker through bypassing the insolvent,” he said.
46" 76x76 ------------------
prevalent causing huge losses to been many instances of regulations of exchange in a bid Centre and States also loss
68x68 ------------------
investors as well as state commodity investors having lost to save transaction charges and revenues due to Dabba Trading.
50s P.C. 47" 84x76 ------------------
exchequers. their money in Dabba trading, he margin requirements. “Commodity futures trading is a
50s P.V.xTex 47" 84x76 ------------------
“Dabba Trading is quite cautioned investors to stay away “In Dabba Trading, there source of revenue to some state
2/40x2/40 36" 11.5 kgs ------------------
prevalent in certain centers of from it and invest through will be very low or no margin governments by way of levying
2/40x2/20s 48x52 11.50 kg ------------------
northern states, including recognized commodity obtained from investors and no stamp duty but that revenue will
D. China 46" Print ------------------
Punjab, Haryana, Uttar Pradesh exchanges. contract note or exchange order not accrue in case of dabba
D. China 46" Dyed ------------------
Rajasthan and even in Gujarat,” Asked about the quantum is provided to an investor,” he trading. Service tax payable by
50Br. x 60 Devi Silk 46" ------------------
NCDEX Chief Business Officer of Dabba Trading, Kumar said said, while stating that all members is also evaded by
45x45 PV 84/76 48" ------------------
Vijay Kumar told reporters here that the volume of this illegal transactions take place on a unscrupulous brokers by
45X45 PV 80/76 48" ------------------
today, while, emphasizing on trading was expected to be equal ‘notepad’. indulging in dabba trading,” he
40X40 Cotton Cord 38" ------------------
containing this illegal activity on to the commodity business Recognized commodity said. He also said national level
45x45 84/76 38" ------------------
urgent basis. carried out through legal exchanges normally impose 5 to awareness workshops are being
50x50 P.C. 84/76 Dyeing 48" ------------------
The dabba trading is channels. “It (volume of Dabba 15 per cent of contract value as organized to make Police
40x40 Cotton Saten 38" ------------------
exactly the same like any other trading) is as much as of legal margin and ensure a daily mark departments of states aware of
45x40 Cotton Saten 38" ------------------ trading on the exchange, the only trade,” he informed. to market settlement. Dabba Trading activity.
PAGE 4, TECOYA TREND, THURDAY, AUGUST 19, 2010. R.N.I. Regd. No. 20682/70.
Prices firm up
By Cotton Man
Pranab sees 30% shortfall in
MUMBAI, AUGUST 18--
A cotton continued to firm up on good demand from the user
indusry. The cotton arrival were as follows: Gujarat - 1500; Maharashtra
- 400 Karnataka - 500; Karanatak - 300; AP - 300 and Tamil Nadu - 1200.
infra funding in 12th Plan
The total arrivals were 3900 bales today. NEW DELHI, AUG. 18-(PTI) “Increasingly, therefore, scheme encourages commercial infrastructure investment targets.
Finance Minister Pranab we would need to rely upon banks to lend more to In the first three years of the plan,
The northern varieties are quoted in maund while other variet-
Mukherjee has said there may be intermediating greater amounts of infrastructure projects as they the investment has been Rs
ies are in candy. The kapas & seed prices are quoted in quintal. 30 per cent gap in infrastructure insurance and pension funds into can sell a part of that loan to IIFCL 10,65,828 crore, 7.1 per cent of the
PUNJAB AKOLA funding requirement, targetted at infrastructure,” said Mukherjee, after a shorter period. GDP and 109 per cent of the
J-34 (SG) 3375-3415 BB SPL MOD ------- Rs 41 lakh crore, in the 12th Five according to an official statement Other measures to promote targeted expenditure for the
Year Plan (2012-2017). today. infrastructure funding include period.
J-34 (RG) 3405-3435 AUGRANGABAD “There may be a He called for strengthening separate classification of Investments in sectors
HARYANA BB SPL MOD 31700 substantial gap of up to 30 per the corporate bond market and infrastructure non-banking such as electricity, telecom,
cent in financing the ... ambitious developing credit enhancement finance companies (NBFCs), and irrigation and oil and gas
J-34 (SG) 3300-3320 H-4 SUP MOD 31600
target of (Rs) 41 lakh crore of mechanisms for long-term infrastructure bonds pipelines have exceeded the
J-34 (RG) 3320-3350 RAJKOT investment in infrastructure for accessing long term funds with tax exemption up to Rs 20,000 target during the period,
RAJASTHAN (SGNR LINE) S-6 SUP 32800 the XII Plan,” Mukherjee said at available with insurance and for individual investors. Mukherjee said.
the Parliamentary Consultative pension funds. Mukherjee also stressed The total bank lending to
J-34 (SG) 3250 AHMEDABAD Committee meeting yesterday. To enable greater flow of upon the need for regulatory infrastructure has gone up from
J-34 (RG) 3280 V-797 22600 He said the fundamental funds into infrastructure, he said changes that would help 8.7 per cent of total bank credit
constraint in financing government has taken up channelise greater amounts of as at end-March 2008 to 10.8 per
RAJASTHAN (HGH LINE) GUNTUR
infrastructure relates to the limits initiatives such as the “takeout foreign capital, mainly debt cent by end-March, 2010, the
J-34 (SG) 3290 BB PRM MOD 32700 on banks’ lending to the sector financing” scheme of the India capital, to bridge the statement said.
J-34 (RG) 3320 BB PRM CONV 32400 due to asset-liability mismatch. Infrastructure Finance Co Ltd infrastructure financing gap. The bond issuances by
The funds are required for (IIFCL), a government owned As for 11th plan, ending infrastructure companies have
HARYANA WARANGAL 14-15 years but deposits are of infrastructure lender. 2012, the minister said he was grown by 6.9 times between 2007-
Desi (SG) ------------ BB PRM MOD 32700 shorter maturity, he added. The takeout financing hopeful of meeting the 08 and 2009-10, it added.
Desi (RG) ------------ BB PRM CONV 32400
RAJASTHAN (SGNR LINE) ADILABAD
Oil dips in
Asian trade
Power capacity addition remains
Desi (SG) ------------ BB PRM MOD 32500
Desi (RG)
RAJASTHAN (HGH LINE)
------------ BB PRM CONV
RAYGADA
------- SINGAPORE, AUG. 18-(AFP)
Oil dipped in Asian trade 50% short of target in Q1: Govt
today as investors locked in NEW DELHI, AUG. 18-(PTI) During 2009-10, only 9,585 panel include development of
Desi (SG) ------------ BB PRM MOD 32900 profits from a price rally overnight Capacity expansion in the MW capacity was added against 2,500 km of highways and 1,019
and on continued concerns over power generation sector has the target of 14,507 MW. km of new railway lines.
Desi (RG) ------------ BB PRM CONV 32600
the global economic rebound. fallen 50 per cent short of the For current financial year During 2009-10 only 2,008
OTHER MECH MOD 32400 New York’s main contract, target, with only 2,065 MW being 2010-11, addition of 20,359 MW km of highways were constructed
STATES HUBLI light sweet crude for September generated during the quarter has been fixed as the target by (target of 3,165 km) and as far as
delivery, was down 17 cents to ending June, 2010, Parliament the Plan panel. In May, the railway is concerned, only 85 km
Guj S-6 incl. Saur. 31500-32000 BB PRM CONV ------- USD 75.60 a barrel in morning was informed today. Planning Commission had set up of new lines were added during
Guj V-797 New 22000-22300 CAI RATES trade. Brent North Sea crude for The electricity generation a mechanism for quarterly April-December 2009, against the
delivery in October tumbled 30 capacity addition was 2,065 MW monitoring of infrastructure fiscal target of 250 km.
Maha Kapa -------- Bengal Desi RG 25200
cents to USD 76.63. during the April-June quarter this projects in five sectors, including However, the minister’s
Maha MECH-1 Bengal Desi SG 25400 Prices had rallied yesterday fiscal, against the target of power and roads, to take written reply to the Lok Sabha,
Bunny 29 mm 30800 V-797 21900 to snap five straight days of 4,126.50 MW, Minister of State corrective steps for expediting on the core sector targets, did not
losses on the back of a weaker for Planning V Narayanasamy their implementation. mention targets for roads and
Maha H-4 27 mm 28500 Jayadhar 22600
dollar and rising equities. said in a written reply to the Lok It has been mandated to railways.
Maha Kapas ------- Y-1 26700 Analysts said investors Sabha. Around 25,000 MW of place quarterly progress on these The Planning Commission
MP MECH-1 (27/28mm) ------- J-34 (SG) 30500 were taking profits because of generation capacity has been sectors before the Cabinet had set a target of Rs 13,891 crore
concerns over the global added so far during the 11th five Committee on Infrastructure private investment in projects
MP MECH-1 (29mm) 30500 NHH-44 -------- economic outlook for the second year Plan period starting April 1, (CCI), which is headed by the under the public private
AP Bunny LRA-5166 28600 half of the year, which could 2007, according to the data Prime Minister Manmohan Singh. partnership mode spanning top
impact on energy demand. While available. He had asked the Plan panel to 13 state-run ports for the current
Brahma 32 mm 30000-30500 H-4/MECH-1 30200
US industrial output recovered in The Plan panel scaled set up a mechanism for fiscal. Besides, it had fixed a
AP Bunny Shankar-6 31700 July after dropping for the first down the capacity addition target monitoring the infrastructure target for awarding 21 projects for
Brahma 31 mm 29000 Bunny/Brahma 32200 time in a year, there were still to 62,374 MW from 78,577 MW sector. construction of berth or
problems in the housing market in its mid-term review brought out The other important mechanisation for the 13 ports in
AP Kapas 32 mm 3300 MCU-5 -------- in the world’s biggest economy. in March this year. targets for 2010-11 set by the the current fiscal.
AP seeds 1200-1220 DCH-32 42000
TN MCU-5 Kapas
Kar Bunny
45000 ICC
SICA RATES
--------
Sensex up 208 points on back
29/30 mm 30000-30200 ( Per Candy)
Kar DCH-32
35 mm 42000-45000
Bengal Desi
V-797
N.Q.
21300
of better US factory output
Kar Seeds (Bunny) 1150 Jaydhar Karn. 22000 MUMBAI, AUG. 18— predictions. most in the Sensex pack, on the Among auto companies,
Led by fag-end buying in “The rally was led by IT back of positive June quarter Tata Motors zoomed nearly 5 per
Kar Seeds (Jaydhar) 1550-1625 J-34 30007
IT, metal and financial stocks, the shares that have taken a beating results and an upgraded outlook cent to touch its highest ever level
TN DCH-32 40000 MECH (MP) 29500 BSE benchmark Sensex climbed lately amid concerns about for the rest of the year. of Rs 1,055, amid media reports
Sankar-6 30800 208 points today amid buoyant growing protectionism in the US “In the metal sector, that the auto major is looking to