GEI Industrial Systems Bags Export order

GEI Industrial Systems surged 5.42% to Rs 39.90,on 11th Nov'08, at 10:34 IST on BSE, on bagging an export order worth Rs 24.50 crore.
The stock hit a high of Rs 40.50 and a low of Rs 39 so far during the day. The stock has a 52-week high of Rs 152 on 3 January 2008 and a 52-week low of Rs 30.10 on 27 October 2008.
The company's current equity is Rs 14.27 crore. Face value per share is Rs 10.
The current price of Rs 39.90 discounts the company's Q2 September 2008 annualized EPS of Rs 10.46, by a PE multiple of 3.81.
GEI Industrial Systems has bagged an export order worth Rs 24.50 crore from Solar Turbine, Houston USA for supply of process gas coolers and gas coolers for compressor station being set up by Oman Gas Company at Nimr in Oman.
GEI Industrial Systems has also bagged an order from HPCL-Mittal Energy for air cooled heat exchangers for a 9 million metric tonnes per annum (MMTPA) Guru Gobind Singh refinery being set up at Bhatinda, in the state of Punjab.
In August 2008, the company bagged three orders worth Rs 40 crore from three different buyers for supply of air-cooled steam condensers.
GEI Industrial Systems' net profit surged 69.5% to Rs 3.73 crore on 56.6% increase in net sales to Rs 54.50 crore in Q2 September 2008 over Q2 September 2007.
The company is engaged in manufacturing air-cooled heat exchanger and fin tubes. It provides innovative engineering systems and solutions. The products include air cooled heat exchangers, air cooled steam condensers, plant thermal equipments, water cooling modules and air blast oil coolers, radiators for gas and diesel engines, inter and after coolers for compressors, modular oil coolers for large transformers, coolers for motors and generators and finned tubes.