Buy for April 4th

By CROW -
We recomment to Buy Cummins India Ldt at Rd. 310.
 
For Indian Economy to grow at its current pace, the country needs new Power plants. Cummins India is a key suppliers of motors to the various power plants being built throught out the county. In the recent past, Cummins India Ltd has informed that the Company inaugurated its expansion manufacturing facility at its Kothrud Plant in Pune on March 17, 2008. This expanded facility has commenced commercial production of mechanical and electronic KV series engines ranging from 750 HP to 2250 HP to meet the demands of power generation, marine, construction, mining and locomotive applications and also specialize in assembling, testing and up-fit of high horsepower engines as per customer requirements.
 
In another news, Cummins India Ltd has informed that the Company has signed a Memorandum of Understanding (MOU) with Government of Maharashtra on March 15, 2008, wherein the State of Maharashtra has offered Mega Project incentives to the Company for its proposed expansion Project(s) at Phaltan MIDC (Village Survadi, District Satara). The benefits / incentives include electricity duty exemption, exemption from payment of stamp duty, Industrial Promotion Subsidy etc. as per the current Industrial Policy of the State of Maharashtra and Package Scheme of Incentives (PSI), 2007.
 
Source: BSE India 

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