Emco marginally up on bagging four EPC contracts

Emco is currently trading at Rs 92, up by 0.20 points or 0.22% from its previous closing of Rs 91.80.

The scrip opened at Rs 93.45 and has touched a high of Rs 94.40 with a low of Rs 90. So far 5,93,490 shares were traded on the counter.

The BSE group ‘S’ Small cap stock of face value Rs 2 has touched a 52 week high of Rs 111 on September 11, 2008 and a 52 week low of Rs 26 on march 9,2009.

The BSE Small cap index is currently trading at 7,098.16, down by 0.42% from its previous closing.

The scrip price has witnessed upswings of 0.88% since last week and 17.95% since last month.

Emco has bagged four EPC orders aggregating to Rs 274 crore for construction of electrical substation on turnkey basis from prestigious customers like Haryana Vidyut Prasaran Nigam (HVPNL), Power Grid Corporation of India (PGCIL) and Maharashtra State Electricity Transmission Company (MSETCL).

Emco has bagged order worth Rs 79 crores from HVPNL for construction of 220 kV substations on turnkey basis. These substations will be erected at Rampur Kambaon, Batta and Dadhibana in Haryana.

It has bagged another order from HVPNL to construct one 220/66.33 kV substation at Tangala Rajpur and one 200/132/33 kV substation at Samain, both on turnkey basis totalling to Rs 53 crore.

IT has bagged order from MSETCL to construct a 400/220 kV substations at Lonikand-II, Pune district on turnkey basis worth Rs 100 crore. The order includes seven numbers of 400/220 kV interconnecting transformers in its scope.

Further, company secured an order from PGCIL for construction of 400/220 kV substation at Kotputli, Jaipur district in Rajasthan on turnkey basis. This substation falls under NRSS-XV scheme and is worth Rs 43 crore.

These orders mark major milestone in EMCO’s efforts in the T&D Projects business in the state of Haryana, Maharashtra and Rajasthan.