Era Infra Engineering gains on new order win

Era Infra Engineering rose 1.21% to Rs 593.75 at 15:26 IST on BSE on bagging an order worth Rs 4 crore from Jeet builders for supply of ready mix concrete for the construction of multi storied residential complex at Greater Noida.

The stock hit a high of Rs 610 and a low of Rs 588.40 so far during the day. The stock had a 52-week high of Rs 957 on 28 December 2007 and a 52-week low of Rs 301 on 4 April 2007.

The company’s current equity is Rs 13.50 crore. Face value per share is Rs 10.

The current price of Rs 593.75 discounts its Q3 December 2007 annualized EPS of Rs 47.86, by a PE multiple of 12.41.

EIEL’s net profit rose 38.9% to Rs 27.64 crore on 63.3% growth in net sales to Rs 335.11 crore in Q3 December 2007 over Q3 December 2006.

On 31 March 2008, Era Infra Engineering (EIEL) secured a contract worth Rs 20 crore for supply of ready mix concrete in New Delhi.

On 28 March 2008, the company joint venture company with KMB has secured an order worth Rs 148.40 crore from Delhi Metro Rail Corporation.

On 18 March 2008, Era Infrastructure bagged an order worth Rs 86.50 crore from Central Park Estates to construct a residential complex, to be completed by March 2010.

On 26 February 2008, the company in joint venture with Ukraine's KMB secured an order worth Rs 77.92 crore.

On 18 February 2008, the company's construction and contracts division secured an order worth Rs 115.12 crore for construction of CBI head office building at New Delhi

On 13 February 2008, the company won an order worth Rs 126.29 crore for structural work for new CRM complex of Steel Authority of India’s Bokaro steel plant at Jharkhand.

Era Infra Engineering builds industrial complexes, residential buildings, multiplexes, super malls, power projects and airports. The company is diversifying its revenue stream by entering into new segments such as irrigation and build operate and transfer (BOT) projects.