Bilpower gained 5.71% to Rs 175 at 14:06 IST on BSE, after the company said it has secured an overseas contract worth $30 million from Ministry of Energy, Government of Ghana for rural electrification in Brong Ahafo and Ashanti region of Ghana.
The company made this announcement during trading hours today, 8 September 2008.
The stock hit a high of Rs 184.95 and a low of Rs 169 so far during the day. The stock has a 52-week high of Rs 374 on 2 January 2008 and a 52-week low of Rs 138.50 on 24 June 2008.
The company’s current equity is Rs 10.50. Face value per share is Rs 10.
The current price of Rs 28.80 discounts Q1 June 2008 annualized EPS of Rs 23.50, by a PE multiple of 11.52.
The company expects to complete the contract in 18 months.
Bilpower’s net profit rose 23.6% to Rs 6.17 crore on 73% increase in net sales to Rs 103.60 crore in Q1 June 2008 over Q1 June 2007.
The company is engaged in manufacturing and marketing electrical steel products and other steel products related to transformer industry. The products of the group include electrical lamination, stamping, stator and motor.
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