Arion, I think management need to give us a bit more than 'rapidly developing' which IMO is as useful as the word 'Imminent' at this stage and they need to provide info as to the proposed host of the CDP as opposed to 'ECT have submitted and EOI to NLC' and 'ECT has put forward a proposal to NLC following progression from EOI stage'...one would assume its NLC, but confirmation would be nice too.
It would appear the NLC / India confirmation , would be the magic formula to make those ALDP thoughts disappear. I'd like to know how far we are in discussions with the CDP host company who ever it may be, have they locked down and agreed on a proposed plant location...there are links out there, which were posted before regarding Neyveli Lignite Corporations EOIs / tenders also had a gagging order slapped on them with contracts to be awarded from November...we do know that BHEL / Alstom secured orders from Neyveli Lignite for their 2x500 MW Tuticorin, 2x250 MW Neyveli and 2x125 MW Barsingsar projects as BHEL came out and announced this on November 1st.
BHEL have also just come out on the 23rd December and announced that they have bagged a Rs 1,023 crore contract from Neyveli Lignite Corporation for supplying turbine generator package at a thermal power project in Tamil Nadu.....so obviously the gag drops off , on award of contract, which is always the case ,as the broader manufacturing market needs to be tapped and contracts sublet in order to commence the scope.
We haven't heard anything from ECT nail gunning us to NLC as yet, although they would be the most likely of hosts; seems like they 'maybe' under the NLC gag....if they are still under the gag, it would mean that nothing had been finalised as yet.
I think ECT have turned into a spec stock that requires confirmation before many will invest....maybe they should choose their wording more carefully - 'imminent', 'vastly superior', 'rapidly developing'...all very exiting words and phrases to be used by a company which seems to have difficulties in 'executing'
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