JAI CORPORATION LTD ^^ GOOD AMOUNT OF STEAM IS LEFT !!!

JAI CORPORATION.............
VERY INTERESTING FACTS FOR JAI CORPORATION LTD... ALL INVESTORS SHOULD KNOW BEFORE INVESTING IN THIS FORTUNE COMPANY..
Belongs to: Steel - GP/GC SheetsBSE: 512237NSE: JAICORPLTD348.25 -18.3 (-4.99)Volume: 76256Detailed Company Information349.65 -18.4 (-5)Volume: 91785Detailed Company Information19 Aug 2008 12:05
business today august 18-2008
If Guinness had entries for record stock performances, Jai Corp. would be a shooin. Over the last three years, Jai's stock price has meteored some 9,000 per cent--from Rs 4.63 in beginning of July 2005 to Rs 429 now (Aug 1; price adjusted for bonus and stock split). Needless to say, along the way, it has bumped its head against the Bombay Stock Exchange circuit breaker multiple times.Jai Corp's Jain: Focussing on SEZsAsk D-Street watchers what's so hot about a company that had revenues of Rs 438 crore and a net profit of Rs 128 crore in 2007-08, and they'll throw up their hands, but tell you reverentially that it's an Anand Jain company. Jain is, of course, considered Reliance Industries supremo Mukesh Ambani's right hand man.But there's good reason why there are only buyers and no sellers on this counter. Jai, which started in 1985 as a manufacturer of specialised textiles and steel, owns a 10 per cent stake in Mumbai SEZ Ltd and Navi Mumbai SEZ, both of which are majority-owned by Mukesh Ambani.One of Jai's subsidiaries has a Rs 3,300-crore real estate fund, Urban Infrastructure Fund. Jai also owns a stake in Rewas Port, which is close to the two SEZs. With 12,000 acres of land already bought, Jai has started work on the SEZs. When BT asked Anand Jain for financial projections for the new projects, he simply quipped, "Sky is the limit". Advice: you don't want to take this man lightlybusiness standardAnand Jain is chairman, nephew MD in Jai Corp reshuffleDev Chatterjee / Mumbai June 24, 2008, 0:00 ISTJai Corp, the company promoted by Anand Jain, a close friend of Reliance Industries Chairman Mukesh Ambani, has seen a reshuffle at the top.Anand Jain, so far a director, is becoming the chairman of the company in place of his father, J K Jain, who has been designated chairman-emeritus. Anand Jain's younger brother Virendra has resigned as managing director three-and-a-half-years before the expiry of his tenure. As per the company's 2007 balance sheet, Virendra was appointed in 2006-07 as the MD. In the new set-up, Virendra will be a non-executive director and vice-chairman.Anand Jain's elder brother Satyapal, a director of the company and who was MD till January 2007, is also leaving. However, his 28-year-old son, Gaurav Jain, has been appointed as the MD. Though the company announced the reshuffle to the Bombay Stock Exchange earlier this month, it did not cite any reasons....
hindustan times dt: 18-08-08
Jai Corp charts major infrastructure move Anand Jain-controlled Jai Corp Ltd has proposed to alter the company\\`s memorandum of association to include large-scale infrastructure development projects like airports, roads, rapid transit systems and shopping malls.Jain is a close associate of Reliance Chairman Mukesh Ambani and is also the chairman of the company\\`s Navi Mumbai Special Eeconomic Zone (SEZ). Jai Corp\\`s price has almost doubled during September 2007, moving from Rs 6,972 on September 3 to Rs 13,886 on October 1.The company\\`s current businesses include textiles and textile fibres. For the quarter ended June 30, the company recorded sales of Rs 51 crore and a net profit of Rs 34 crore.The Jai Corp board has moved a set of resolutions to be passed through postal ballot. In the explanatory statement, it says: \\\\...