Valecha Engineering informed the market today that it has received order worth worth Rs 133 crore for laying roads and building bridges in Pune and Delhi. The stock surged after it informed the news , on the financials side Valecha Engineering’s net profit surged 1616.2% to Rs 18.02 crore on 141.1% increase in net sales to Rs 195.10 crore in Q4 March 2008 over Q4 March 2007. The eps of 60 or so puts the PE for this share between 2 to 3 .
Era Infra Engineering informed the market that it has bagged a contract worth Rs 30.98 crore from National Automotive Testing and R&D Infrastructure Project (NATRiP), and is scheduled to be completed by August 2009.
McNally Bharat Engineering informed the market today about a order that it got from vedanta Alumina and the order is almost worth 246 crore, Other details are not yet known.On the financial side it showed a net profit rose 9.1% to Rs 7.07 crore on 20.3% increase in net sales to Rs 205.75 crore in Qtr 4 March 2008 over Qtr 4 March 2007
Patel Engineering announces first qtr results for 2008-2009 and its net profit was up at Rs 35 crore versus Rs 27 crore. Its net sales were up Rs 558.38 crore versus Rs 415.25 crore.This is against previous year same qtr but when compared to march 2008 ending QTR the results are bit low it has a sales at 501 crore and net profit at 53 crore.
PSL yesterday announced its first quarter results ,it has posted net profit of Rs 26 crore for the quarter ended June 2008 when compared to Rs 17 crore in same period of last year.With a equity capital of 42 crores or so the eps annuylaized stands at 26 or and the price now its trading at is 315 which discounts the PE at 12.
Petron Engineering informed the market that they have received four letter of Intents from Utility Energytech Engineers Pvt Ltd, which is an associate Company of Reliance Infrastructure Ltd, Noida , and the orders together are worth 10.4 crores. (approx)
Punj Lloyd gained today almost 14.4 percent by 28.30 rs or so after the company informed the market yesterday that they have bagged an order worth Rs 1005 crore from GVK Power for its Govindwal Sahib coal fired thermal power plant project in Punjab.The market was bad yesterday so it dint see a raise yesterday but today in a good market the stock got noticed.
ABB Ltd informed the market today that they have won order worth around 312 crore and the order is from Delhi International Airport Terminal for power solution for the terminal T3 which is getting built , the order is worth around 312 crore Rs .But the investor dint really celebrate the news , the stock went down by 5 oercent or so to close at may be 769 .It has shown a annualized EPS of 22 for the yeat ending march 2007-2008.
Larsen & Toubro Ltd (L&T) has informed the market that they have received one of a kind order from APPDCL for 2 x 800 MW Steam Turbine Generator package which was like the first kidn of order in india and the order is worth Rs 1557 Cr the order is using Supercritical Technology and has been received by them . The stock rose just 30 rs or so after receiving the news , you know what this news doesntintrest me much as im averaging the stock at 4000 rs , my bad i bought at high rate .Any way i will not sell it until it reaches that price.
Pratibha Industries Ltd has informed the market that it has been awarded a contract for construction of Mall Podium upto Ground Level from Lanco Hills Technology Park Pvt. Ltd. The value of the contract is Rs 179.72 crores.The total execution time for the same is 15 months.
- Author: admin
- Filed under: Engineering
- Date: Jun 25,2008
LG Balakrishnan & Bros Ltd spurted today by almost 20 percent after the company informed the market that its going to trasnfer 75 percent of the stake in its Industrial Chain BusineSS to a company in UK called Renold , for a amount consideration of anywhere from 55 to 72 crore.
Nagarjuna Construction Company informed the market that it has bagged order worth 333 crore from 3 different clients.But the order news dint really raise the price value as it dropped today by 4.19 percent to close at 146.30 rs.When talking about the finnacial of the company they showed a net profit raise of 284.72% to Rs 52.63 crore on 40.56% increase in net sales to Rs 125.78 crore in Q4 March 2008 compared to the same qtr of 2007 .
Nagarjuna Construction informed the market that the Company has secured 3 new orders aggregating Rs 575 crores.
Order Details
>First order valued at Rs 284.64 crores is secured from SAIL, to be completed over a period of 24 months.
>Second order is also from SAIL, Burnpur, valued at Rs 197.19 crores to be completed over a period of 20 months and
>Third order valued at Rs 33.18 crores is from the Director, Nizam Institute of Medical Sciences (NIMS), Hyderabad to be completed over a period of 15 months.
Nagarjuna Construction Company Ltd has informed the marke that the Company has received four new orders aggregating Rs 250 crores.After the news came out the company share price went down by 6 to 8 rs.The 4 orders vary from 88,65,27,68 crores approx each.The execution time varies from 1 yr to 2 years.
BEML and SAIL has signed agreement by which SAIL shall purchase 261 mining equipment over three years. The estimated value of these equipment is about 4.77 billion rupees.Apart from this, the maintenance contract for the equipment to be supplied is valued at 3 billion rupees.
BEMl also signed another contract with Coal India
BEML has also signed a 12-year agreement with Coal India Ltd to jointly produce off the road (OTR) tyres. The OTR tyres will be produced by Apollo Tyres and JK Tyres.Coal India will fund BEML to a tune of 2 billion rupees, for investing 1 billion rupees each in Apollo and JK Tyres.
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