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Elecon bags orders worth `82cr
Elecon Engineering (EEC) has bagged orders worth `82cr from Tecpro System (`64.45cr)
and Adani Murmugao Port Terminal Pvt. Ltd. (`17.57cr). Tecpro’s order consists of supplying
stacker reclaimer, wagon tippler, side arm charger, apron feeder, wobbler feeder, crusher
and other spares for coal handling plant in Koradi (Lanco Project). While Adani’s order
pertains to the supply of bucket wheel stacker cum reclaimer in Goa. At `61, the stock is
available at 6.2x FY2012E earnings and 4.6x FY2012E EV/EBITDA. We maintain our Neutral
view on the stock.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Elecon bags orders worth `82cr
Elecon Engineering (EEC) has bagged orders worth `82cr from Tecpro System (`64.45cr)
and Adani Murmugao Port Terminal Pvt. Ltd. (`17.57cr). Tecpro’s order consists of supplying
stacker reclaimer, wagon tippler, side arm charger, apron feeder, wobbler feeder, crusher
and other spares for coal handling plant in Koradi (Lanco Project). While Adani’s order
pertains to the supply of bucket wheel stacker cum reclaimer in Goa. At `61, the stock is
available at 6.2x FY2012E earnings and 4.6x FY2012E EV/EBITDA. We maintain our Neutral
view on the stock.
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