BS TransComm surges on bagging orders worth Rs 244 crore

20 Dec 2011 Evaluate

BS TransComm is currently trading at Rs 115.70, up by 1.75 points or 1.54% from its previous closing of Rs 113.95 on the BSE.

The scrip opened at Rs 115.20 and has touched a high and low of Rs 116.35 and Rs 113.20 respectively. So far 1634 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 154.15 on 06-Jan-2011 and a 52 week low of Rs 78.00 on 19-Aug-2011.

Last one week high and low of the scrip stood at Rs 123.00 and Rs 112.60 respectively. The current market cap of the company is Rs 249.31 crore.

The promoters holding in the company stood at 64.52% while Institutions and Non-Institutions held 0.01% and 35.46% respectively.

BS TransComm, a leading turnkey service and technology solutions provider to power and telecom has secured new orders worth Rs 244 crore in its Power division for EPC, turnkey and tower supply contracts. The company has received an order for engineering, procurement and construction of a 765kv quad S/C Transmisssion line for Raichur Sholapur Transmission Company. The order is to be executed by July 2013.

The firm has also won orders from Chhattisgarh State Power Transmission for setting up of two substations of 132/33 kv in Raipur. The scope of works includes design, supply, erection and testing and commissioning on a turnkey basis and the completion period for both the projects twelve months.

It has also bagged order from Power Grid in a domestic competitive bidding in a joint venture. The order is for supply of tower package for 765kv S/C Jaipur-Lakha ka Nangal Transmission line spanning 126kms which is associated with the Phase I generation project in Orissa.

BS TransComm is engaged in the business of manufacturing and supply of towers to the telecommunication and the power sector in India with a pan India presence in 19 out of the 23 telecom circles. It is having eight circle offices throughout India through which it is providing service to the customers in 19 telecom circles.

Peers
Company Name CMP
Larsen & Toubro 3899.75
Rail Vikas Nigam 405.25
KEC International 775.00
Kalpataru Projects 1220.80
NCC 310.15
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