EESL : Put it off indefinitely !
---------------------------------
Business
Line ( 18 Aug ) carries following news :
Highlights :
· In
Jan 2018 , its paid up capital was Rs 460 cr
· Revenue
: Rs 1200 cr in 2016-17 / Rs 1400 cr in 2017-18
· Revenue
target : Rs 3000 cr in 2018-19
· Capital
Expenditure proposed for 2018-19 : Rs 6,000 cr
· Amount
to be raised through DEBT : Rs 4,800 cr ( 80 % of Rs 6,000 cr )
· Comprising
: Domestic Borrowing of Rs 2,000 cr / Rs 2,000 cr of Bonds
I
suppose , EESL needs that Rs 6,000 cr of Capital Expenditure to “ BUY “ , those ELECTRIC CARS ( each priced at Rs 11 lakhs ) from TATA and M&M
But
, if it were to “ LEASE “ those cars ( from
TATA / M&M ) , instead of “ BUYING “ , then
I suppose EESL would NOT need that CAPITAL EXPENDITURE !
If
anything , it might have a monthly “ LEASE INCOME “ ( through sub-leasing of
those cars to various Govt Depts ) which would be far in excess of the “ LEASE
RENT “ that it would pay to TATA / M&M !
A positive “ Working Capital “ !
I
, once again urge Shri Saurabh Kumarji , to go
through my suggestions in following emails :
EESL
: Grab this chance ! [ 01 Aug 2018 ]
You
may be able to :
· Avoid
market borrowing of Rs 4800 cr at 12 % interest
· Service
additional Equity
· Avoid
IPO
19
Aug 2018
www.hemenparekh.in / blogs
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