Please read the DISCLAIMER at the bottom of the blog.

Rakesh Jhunjhunwala is considered to be the greatest investor in Indian Market. He is supposed to have made Rs 5000 crores by just investing Rs 5000 in Indian Stock Market. Rakesh Jhunjhunwala guru mantra to be successful in stock market is as enumerated below:

(a) He advises people to become interested in a stock when none is interested in the same stock. As per him BUY RIGHT & HOLD TIGHT for years to come. He has been holding few stocks for last 10 years and he is still minting money from those stocks.

(b) He further advises that one should not follow big investors blindly as their risk profile and long term goals with time frame may be difficult to be followed by retail investor.

(c) Market is supreme and every thing is reflected in the price and thus their is no point in fighting the trend as market is always right.

(d) One should be able to create a balance between the fear and greed.

(e) As per his words one has to learn the stock market trading as none can teach the market as stock market experience is the best teacher.

Thus follow Rakesh Jhunjhunwala advice in stock market, BE PATIENT and grow big like Warren Buffet or this iconic man from Dalaal Street.

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Friday, April 9, 2010

Punj Lloyd wins INR 232 crore order from Bihar

Engineering and construction major Punj Lloyd announced that it has won the country's largest solar based contract worth INR 232 crore for installing water treatment plants in Bihar from the state government. The EPC contract for 850 solar powered water treatment plants for removal of arsenic and fluoride across multiple districts in Bihar will be implemented on a turnkey basis.

The solar water treatment plants, designed and constructed by Punj Lloyd, will resolve the severe groundwater contamination, resulting in many types of diseases including skin and lung cancer. The scope of work includes design, construction and commissioning of 850 water treatment plants across the state of Bihar, completely solar powered.

The contract will be executed by Punj Lloyd Group’s renewable energy arm, Punj Lloyd Delta Renewables.

Dr Tariq Alam CEO of Punj Lloyd Delta Renewables said that “We are extremely proud of this development having only recently launched into the solar utility space. This, being the first mega project of this scale for solar water treatment in the country, is a major breakthrough for the company. This project will help improve the socioeconomic problems in the villages by providing a clean water drinking supply across these districts.”

The combined solar power generation for these plants will be greater than 1.3 MW. With the Government’s commitment to the National Solar Mission this project provides the foundation to establish Punj Lloyd as a leading solar company in this space.
Punj Lloyd Delta Renewables provides cutting edge technology in turnkey integrated development and sustainable solutions based on solar power. With the Group being an infrastructure player, the solar utilities will integrate seamlessly into the existing service offerings. The company is already providing solar lighting for the Commonwealth Games Village in Delhi.

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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.

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