XL Telecom and Energy Ltd. was incorporated at Hyderabad as a Private Ltd. Co. in 1985 and became a Public Ltd. Co. in 1990.The company is partnered by Corning Inc. and Kyocera Inc. of USA.The company caters to the Telecom Sector,and Energy Sector specific to Solar Energy and Bio Fuel Ethanol..
In the Telecom sector, Co. caters to CDMA Mobile telephones, Fixed Wireless Phones and Terminlas,Switch mode Power Supply SMPS for powering Telecom Networks,and Cable Jointing Kits.
In the Solar Power sector, the Co. is pioneer with the distinction of being the first Global Power Co. to capture the complete Solar Value Chain from Solar Cell to Energy Generation.XL has made inroads into many countries of Europe. XL Telecom is installing state of the art Crystalline Cell Manufacturing Facility with leading Technology support from Germany. The present installed capacity of the cell plant is 120MW per annum.Also XL Telecom is installing 40MW new line of module manufacturing facility with Technology support from Germany. With this additional facility the total module production capacity will be 232MW per annum. This new facilities of Cell Line & Module Line will be operational by the end of Q3 of 2009 at Special Economic Zone (Fab City), Hyderabad in India.
On the Financial front the Co. was doing very well untill the global slowdown affected the operations during the last one year.
|Scrip Code : 532788 Company : XL Telecom & Energy Ltd|
results reproduced from bseindia
During the last quarter ended June 30, 2009, the company has provided Rs 204.94 Crores toward Mark to Market MTM (losses) of inventories on hand in view of sluggish demand in Europe.This has resulted in a loss of Rs. 237 crores for the quarter.However with the revival of economies of Europe and USA, it is expected that the Co. shall do very well in Future.During 2010, Its performance may far exceed the 2007/2008 as shown above.
The time to pick up a Future Blue Chip,(market Price during 2007/2008 was above Rs. 500), is NOW.
Buying at CMP of Rs.34 is recommended for an year’s HOLD..
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