The award is contingent upon the execution of the purchase order
The newly established dry dock, with a cost of Rs 1,799 crore, is located at CSL's existing premises in Kochi
Recommendation: Add; Target price: Rs 5650
Recommendation: Add; Target price: Rs 5650
Sheetal Agarwal of IIFL caught up with the management of the IPO-bound company. Edited Excerpts:
Funding for the acquisition is likely to be a mix of debt + equity.
SMP clocked Ebitda margin of ~6.5% in H1FY24, translating to Ebit margin of about 2.5%.
Imports of DAP and NPKs declined 31% and 16% YoY respectively in Q3’24.
Following investors' disappointment with the private sector lender's October-December quarter (Q3FY24) performance, HDFC Bank shares fell more than 8% on January 17 to settle at Rs 1,536.
According to news reports, both banks are engaging with potential lenders in an effort to disburse the loan to a larger network of banks around Asia.

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