Technofab Engineering shines on bagging two new orders worth Rs 64.70 crore

07 Feb 2012

Technofab Engineering is currently trading at Rs. 143.00, up by 2.95 points or 2.11% from its previous closing of Rs. 140.05 on the BSE.

The scrip opened at Rs. 145.00 and has touched a high and low of Rs. 146.10 and Rs. 142.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 184.00 on 31-Mar-2011 and a 52 week low of Rs. 110.00 on 24-Nov-2011.

Last one week high and low of the scrip stood at Rs. 148.00 and Rs. 128.50 respectively. The current market cap of the company is Rs. 150.00 crore.

The promoters holding in the company stood at 41.36% while Institutions and Non-Institutions held 5.77% and 52.88% respectively.

Technofab Engineering has received two new orders worth Rs 64.70 crore. The company has received first order (domestic) for a demineralised water treatment plant 3x 225 cu meters per hour capacity while the second order from the Asia Pacific region is in waste water infrastructure space. The combined value of the orders is around Rs 64.70 crore and is in addition to the Rs 1,024 crore order book that existed as on January 01, 2012. Both the orders have an approximately 18 month time frame.

Last year in July, the company had bagged two new orders worth Rs 163 crore. With the receipt of this order the total fresh orders booked during the current fiscal year aggregated to Rs 326 crore including Rs 157 crore from overseas.

Technofab Engineering is engaged in the business of providing Engineering Procurement and Construction (EPC) services and executing a wide range of Balance-of-Plant (BoP) and electro-mechanical projects on a complete turnkey basis.

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