Cals refineries - Good Penny Stock CMP 0.36 paisa

STRONG REASONS TO BUY

1. Setup projects for Rs. 20000 crores. After completing this it will become india’s second largest refinery.

2. Current price is around Paisa 36.

3. Public confused by share holding, story is , 96 % share are converted to GDR & hold by Bank of NewYork.

4. Among of them 75 % hold by Spice Group in form of GDR.

5. Crude oil supply contract with BP (World’s Second petroleum Company) for ten Years.

6. Sign MOU for 1000 acres land , Already allotted 400 acres.

7. Currently trading below its face value Rs. 1.

8.BP will enter into a strategic agreement to supply crude oil to Spice Energy for the   

   5-million-tonne refinery at   Haldia being set up by CALS Refineries. Spice Energy is the holding 

   company of CALS.