Established in 1954, Sesa Goa Limited is huge iron ore mining company in Private sector. Located in Goa and recently overtaken Vedanta Resources. SGL is largest exporter of ore products. Sesa Goa Limited, in a short and long term Development program the company has diversified into the manufacturing of Pig iron and metallurgical coke and owns mining operations in Orissa, Goa and Karnataka. The MetCoke unit produces 280,000 tones of metallurgical coke and Sesa Industries Limited unit produces 220,000 tones of pig iron annually. The group made an outstanding profit of 10 million US dollars. The company has innovatively developed an energy recovery technology to manufacture coke, in accord with advanced global emission norms.
Sesa group owns a huge 82000 DWT vessel at Mormugao port, which could pick an ore from barge alongside and loading it in vessels going to sea at a astonishing capacity of 25000 tones per day and Ore supplying through State-of-the art shipping and chartering department, FOB and CNF basis, world wide. First ever company to get certification for OHSAS 18001, ISO 14001, ISO 9001 & ISO 9002 in a short term from its commencement. Company has ruled the river transportation system and has a substantial growth in the domestic and international market.
In latest community welfare report, Sesa Goa Limited has launched a Community Development Foundation. It’s an initiative to contribute to community welfare and betterment of social life around its operations. With the development of local youth, this Foundation has established Sesa Technical School and Football Academy for nurturing local community.
Here is a stock investment tips on company for trading companies and investors; Sesa Goa Limited supplies iron ore on long-term contracts and have a huge customer base. So it’s usually unaffected by movement of prices in the market and objective of the company is to maintain a consistent standards in Safety, Environment, Quality and Community. Due to constant demand in steel industry and infrastructure development the price of the share is on a leading high. For short term benefits, sell now, and who wants to buy, wait for some time.
Hold Sesa Goa for an upside of 15% from current levels in 12-15 months, says Avinash Gorakshakar, market analyst, on CNBC TV18. The stock is currently trading at Rs 355, up 1.9% on the BSE.
Buy Sesa Goa with target of Rs 395 and stop loss of Rs 368, says Salil Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 374.25, down 1.2% on the BSE.