Hi Friends Good News, a very Clear hint about Financial Closure.... ON Bloomberg-UTV L&T top Bras was discussing about their Cleints and there financial positions. He mentioned very clearly that 6 of their Clients waiting to start their Projects Construction are WAITING/ was delayed FOR FINANCIAL CLOSURE FOM LAST 4 TO 5 MONTHS but now all the clients have confirmed that the Financial Closure has had a Fair amount of progress as the delay was due to the current Financial Stuation and the Banks were waiting for some clues from the Government.. So ha said hopefully his Clients will Have their repective FC by December or January End.....Isnt this a Good news... that all the companies here in india are stuck for FC and now its gonna take place soon... so Guys Hold on or start Adding your postions in Cals... my guess is FC will soon be in Place and things will start Rocking...So Cals is not the only company waiting for FC... their are many....
It was a live Interview of L & T CFO. who made this statement. this was addressed to across industry in general as every ones FC is stuck/Delayed due to Economic situation. Pls note that cals is not the client of L&T.
The statement actaully gives an clear indication of the current situation Acrross Industries...
| NIFTY 
