GEI Industrial Systems is currently trading at Rs. 82.25, up by 1.10 points or 1.36% from its previous closing of Rs. 81.15 on the BSE.
The scrip opened at Rs. 80.00 and has touched a high and low of Rs. 85.00 and Rs. 80.00 respectively. So far 4347 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 159.45 on 03-Nov-2011 and a 52 week low of Rs. 67.30 on 17-Sep-2012.
Last one week high and low of the scrip stood at Rs. 85.70 and Rs. 68.15 respectively. The current market cap of the company is Rs. 139.31 crore.
The promoters holding in the company stood at 41.41% while Institutions and Non-Institutions held 12.64% and 45.95% respectively.
GEI Industrial Systems, one of the leading manufacturers of Air Cooled Vacuum Steam Condensers (ACSC) and Air Cooled Heat Exchanges (ACHE), has secured turnkey orders worth Rs 104 crore from three O&M circles in Madhya Pradesh. The order bagged is for design, manufacture, pre-dispatch inspection, testing and supply of distribution transformer sub-station and service lines.
The company has secured contract worth Rs 40 crore on turnkey basis from Madhya Pradesh Paschim kshetra Vidyut Vitran for construction of new 11 KV line, LT line, 25 KVA 11/.04 KV distribution X-mer sub station and service lines for BPL consumers under O&M circle Khandwa, under Rajiv Gandhi Gram Vidyutikaran Yojna (RGGVY) scheme. This contract is being executed for Rural Electricity Infrastructure and House Hold Electrifications for the attainment of the National Common Minimum Programme Goal for providing access to electricity of all households.
Further, the company has been awarded two similar contract totaling Rs 64 crore from the O&M circles of Mandsaur and Neechum in Madhya Pradesh, recently. The scope of all the contracts includes detailed design, manufacture, testing, engineering, documentation and site services.
GEI Industrial Systems is known as a specialist in heat transfer technology with an unbeatable track record in the oil, gas, power and compressor business with equipment installed in all the six continents of North America, South America, Europe, Africa, Asia and Australia.