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Easun Reyrolle surges on bagging prestigious order from Energex, Australia

Easun Reyrolle Ltd. | Electric Equipment | Capital Goods & Industrial Consumables | BSE: 532751 | NSE: EASUNREYRL

04 Mar 2013 Evaluate

Easun Reyrolle is currently trading at Rs. 62.00, up by 3.95 points or 6.80% from its previous closing of Rs. 58.05 on the BSE.

The scrip opened at Rs. 65.00 and has touched a high and low of Rs. 66.00 and Rs. 61.00 respectively. So far 8,350 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 83.00 on 24-Dec-2012 and a 52 week low of Rs. 48.00 on 17-Sep-2012.

Last one week high and low of the scrip stood at Rs. 65.75 and Rs. 55.00 respectively. The current market cap of the company is Rs. 129 crore.

The promoters holding in the company stood at 29.07% while Institutions and Non-Institutions held 6.44% and 64.49% respectively.

Easun Reyrolle’s (ERL) through its subsidiary - Switchcraft Europe GmbH (Germany) has won a prestigious order from Energex (Australia) for the supply of Secondary Switchgear (Ring Main Units). The order is valued at around $84 million to be executed over 7 years. Key components for the Ring Main Units are to be manufactured in the new state-of-the-art facility in Bangalore setup recently at the cost of around Rs 80 crore and in the manufacturing facilities available at Germany subsidiary, Switchcraft Europe GmbH.

Energex, one of the largest electricity corporations in Australia is head quartered in Brisbane. This government-owned utility distributes electricity in the state of Queensland, Australia. ERL has also won substantial of export contracts in the Middle East and African Region for the supply of Ring Main Units and sophisticated Power protections systems manufactured by its Canadian Subsidiary.

Easun Reyrolle is an acknowledged leader in the field of electrical power management. It offers a ‘One Touch Access’ to power system solutions, as a dependable partner to customers, in India & abroad.

Easun Reyrolle Share Price

2.50 0.00 (0.00%)

06-Oct-2022 18:01 View Price Chart

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Easun Reyrolle surges on bagging prestigious order from Energex, Australia

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