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IL&FS ENGINEERING reported poor numbers for the quarter ended September .( Link HERE) . Though there is no meaning in finding excuses, working capital scarcity may be the key reason for slow execution . Earlier company planned to raise fresh funds but it not materialized so far . As per reports, one big corporate house is in talks to take over its parent company ( Read report HERE) . Uncertainty over possible sell out of its parent may be one reason delaying its fund raising plans.Some clarity in such issues and a revival in infrastructure sector is the need of the hour .
Posted in: Investment Guru
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