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Originally posted by kulman

Companies change name to add stock market lustre

In the eighties, adding the word “Leasing” to your company’s name usually assured good stock market valuations. In the mid-nineties, it was “.com” that worked and, for a while, “Biotech”. 

In 2007, the magic words are “Infra”, “Power” and “Realty”. Or so a host of companies have discovered. 

Companies that have added these suffixes to their names have seen their share prices move up between 50 and 200 per cent in the past six months. 

Small wonder, then, that Pan Packaging Industries became Alchemist Realty, Anna Finance metamorphosed to Anna Infrastructures, Prerna Finsafe to Prerna Infrabuild and Simplex Mills is now Simplex Realty. 

To take advantage of the energy business, XL Telecom has changed its name to XL Telecom & Energy, Genus Overseas Electronic has changed to Genus Power Infrastructure, Jhantla Investments is now Veer Energy & Infrastructure and Osian LPG Bottling is Nova Gold Petro Resources. 

The other in-vogue suffix is “Industries”, which brokers said might have something to do with Reliance Industries’ valuations. 

The name change or the so-called restructuring in business model has triggered a surge in shares of some of these companies. 

Link: here 

Kulman ji does this suggest that XL telecom have changed thier name to take advantage of the Power /Energy sector boom.
They are not into it otherwise
But I have read that they are a major player in Alternate energy 
Evene NDTV Profit carried a news item on XL Telecom and Energy

Here's the post which appeared in The Business Line

XL Telecom building solar farms in Spain, Portugal 

To invest Rs 1,000 cr in the forward integration project 

Attractive features 
Spain offers a much higher tariff for solar power and the banks there lend at 5-6 per cent as against 11 per cent in India.
These non-conventional energy farms would have power purchase agreement for 25 years.
Within a year of setting up plants, these farms could provide a return of about 20 per cent.

Our Bureau 

Hyderabad, Dec. 26 XL Telecom through its subsidiary Saptashva Solar Ltd has firmed up a forward integration project to establish grid connected ‘solar farms’ in Spain and Portugal with an investment of Rs 1,000 crore.
Basically a solar panel manufacturer, XL Telecom earlier this year diversified into solar cells and batteries as part of backward integration plan. The company is now looking at forward integration project that would make it a systems integrator and also generator of power, according to Mr Vasudeva Rao, Executive Director of XL Telecom.
This would help the company generate higher revenues through this value addition and also steady income. Mr Rao told Business Line that the Rs 1,000-crore project is designed to set up solar farms in Spain and Portugal as both these countries encourage establishment of these farms and banks and financial institutions and Government extend several subsidies.
Funding mode 

Of the Rs 1,000 crore, Rs 800 crore is being raised through debt from Spanish banks and the rest would be through XL Telecom equity, he said.
While the first farm of about 3 MW would be ready and operational by March 2008, the company expects to set up 28 MW of generation capacity by December 2008 and is targeting 200 MW in a couple of years.
Asked why Spain for solar farms?
Mr Rao said that this is among a few European countries which has grid connected solar farms and offers a much higher tariff for solar power. In addition, banks lend at attractive 5-6 per cent as against 11 per cent in India.
Typically, most conventional energy power projects have power purchase agreements for about 10-15 years, but these non-conventional energy farms would have PPA for 25 years. In addition, Governments in Spain and Portugal are also offering land at subsidised rates, making it quite attractive, he said.
“However, while we are now focussing on Spain, we would also look at other countries in Europe which are very aggressively promoting establishment of solar farms,” Mr Rao said.
Within a year of setting up plants, these farms could provide a return of about 20 per cent. XL Telecom recently concluded a FCCB issue of $40 million to part fund its 120-MW solar cell unit, and is currently on course to achieving revenues of Rs 650 crore during the fiscal