Voltas gains on bagging orders worth Rs 1,000 crore

Voltas is currently trading at Rs. 97.30, up by 2.25 points or 2.37% from its previous closing of Rs. 95.05 on the BSE.

The scrip opened at Rs. 96.90 and has touched a high and low of Rs. 97.70 and Rs. 96.50 respectively. So far 44,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 116.75 on 07-Dec-2012 and a 52 week low of Rs. 62.70 on 04-Sep-2013.

Last one week high and low of the scrip stood at Rs. 97.70 and Rs. 87.30 respectively. The current market cap of the company is Rs. 3,206.00 crore.

The promoters holding in the company stood at 30.15% while Institutions and Non-Institutions held 44.29% and 25.57% respectively.

Voltas, India’s premier air conditioning and engineering services company, has won three substantial orders totaling Rs 1000 crore in values. The company has secured first order for Integrated Health Centre and Workers' Hospital, a 120-bed health care facility in the Old Industrial Area of Qatar. With a timeline of 24 months, Voltas's scope of work covers HVAC, electrical works, ELV systems, and plumbing and fire-fighting. The company has secured second order for Sports hall and administrative office in Qatar, a 5,350-seat, indoor stadium being built to host the World Cup Handball Competition scheduled for January 2015. Within a mere 12-month timetable, Voltas will execute complete mechanical, electrical and public health works, including HVAC, electrical works, ELV systems, and plumbing and firefighting.

Finally, the company has secured third order for the Kempinski Wave in Muscat, Oman's first beachfront development and the first 5-star hotel to be built in Oman in 20 years. Located on a 6km stretch of sandy beach, 'The Wave' will include a 300-berth marina, a yacht club and an 18-hole golf course, along with 300 guest rooms, 77 service apartments and an enormous 1,000-guest capacity ballroom. The project is to be executed by Voltas's Oman-based joint venture and encompasses HVAC, electrical works, ELV systems and plumbing and firefighting.

Voltas is one of the world's premier engineering solutions providers and project specialists. The company offers engineering solutions for a wide spectrum of industries in areas such as heating, ventilation and air conditioning, refrigeration, electro-mechanical projects, textile machinery, mining and construction equipment, materials handling equipment, water management & treatment, cold chain solutions, building management systems, and indoor air quality.