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Thursday, February 21, 2008

Sesa Goa Limited- Multi Bagger

Reco Price Rs. 3150.15 CMP: Rs.3332.50 (Gain 5.79%)
Sesa Goa Limited, the flagship company of Sesa Group is India's largest exporter of iron ore in the private sector. In September 2007, Vedanta Resources acquired an additional 20% stake in Sesa Goa, increasing its total shareholding in the Company to 71%. Iron ore business contributes to about 80% of the company's revenues. The company has access to over 200 million tons of iron ore reserves in Goa, Karnataka and Orissa. It has also developed an energy recovery technology to manufacture coke, compliant with advanced global emission norms.

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