Showing posts with label technofab. Show all posts
Showing posts with label technofab. Show all posts
15 April 2011
Buy Technofab Engineering: For steady gains :: Money Times
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India Equity Research Reports, IPO and Stock News
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Technofab Engineering: For steady gains
Incorporated in 1971, Technofab Engineering Ltd (TFEL) (Code: 533216) (Rs.159.50) started off as a company providing piping, valves and vessel fabrication and has evolved in to an EPC firm for balance-of-plants (BOP) for turnkey projects. It provides engineering services for putting up the plant and caters to various sectors including power (thermal power & nuclear power), oil & gas, water & waste water management, industrial infrastructure and electrical equipment distribution.
TFEL tapped the capital market in June 2010 with 29.90 lakh shares at Rs.240 per share aggregating Rs.71.8 crore for procurement of construction equipment, to set up a maintenance and storage facility for construction equipment and to set up a training centre for employees apart for general corporate purposes.
The company is engaged in the business of providing engineering, procurement and construction (EPC) services on a turnkey basis and undertakes execution of a wide range of BoP and electro-mechanical projects in the power, oil & gas, water & wastewater treatment and other industrial & infrastructure sectors both in India and abroad. The company currently executes projects in 15 states in India as well as Kenya, Ethiopia and Fiji.
Power sector accounted for a little over 50% of its total FY10 revenue followed by 20% from the industrial sector and the rest by other sectors. Its closest peers among medium sized companies are Sunil Hitech and Hindustan Dorr-Oliver.
TFEL, which had largely targeted individual BOP packages required by customers in the steel, metallurgical and power sectors in the initial years has gradually evolved to undertake comprehensive turnkey projects in liquid waste and effluent treatment, raw and seawater intake systems and pumping stations, rural electrification works comprising transmission mains and distribution lines, rehabilitation and upgradation of city water & sewage treatment plants in later years.
It has a strong customer relationships and has worked with leading engineering consultants such as Development Consultants (DCPL), Desein, FITCHNER Consulting Engineers (India), Mecon, Tata Consulting Engineers, Engineers India, M.N. Dastur, L&T, Sargent & Lundy, Uhde India.
TFEL has also made inroads in West Asia and Africa. Close to a third of its current order-book (together with L1 orders) are international projects. Its water-related projects in countries such as Kenya and Ethiopia can be expected to deliver high returns.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Technofab Engineering: For steady gains
Incorporated in 1971, Technofab Engineering Ltd (TFEL) (Code: 533216) (Rs.159.50) started off as a company providing piping, valves and vessel fabrication and has evolved in to an EPC firm for balance-of-plants (BOP) for turnkey projects. It provides engineering services for putting up the plant and caters to various sectors including power (thermal power & nuclear power), oil & gas, water & waste water management, industrial infrastructure and electrical equipment distribution.
TFEL tapped the capital market in June 2010 with 29.90 lakh shares at Rs.240 per share aggregating Rs.71.8 crore for procurement of construction equipment, to set up a maintenance and storage facility for construction equipment and to set up a training centre for employees apart for general corporate purposes.
The company is engaged in the business of providing engineering, procurement and construction (EPC) services on a turnkey basis and undertakes execution of a wide range of BoP and electro-mechanical projects in the power, oil & gas, water & wastewater treatment and other industrial & infrastructure sectors both in India and abroad. The company currently executes projects in 15 states in India as well as Kenya, Ethiopia and Fiji.
Power sector accounted for a little over 50% of its total FY10 revenue followed by 20% from the industrial sector and the rest by other sectors. Its closest peers among medium sized companies are Sunil Hitech and Hindustan Dorr-Oliver.
TFEL, which had largely targeted individual BOP packages required by customers in the steel, metallurgical and power sectors in the initial years has gradually evolved to undertake comprehensive turnkey projects in liquid waste and effluent treatment, raw and seawater intake systems and pumping stations, rural electrification works comprising transmission mains and distribution lines, rehabilitation and upgradation of city water & sewage treatment plants in later years.
It has a strong customer relationships and has worked with leading engineering consultants such as Development Consultants (DCPL), Desein, FITCHNER Consulting Engineers (India), Mecon, Tata Consulting Engineers, Engineers India, M.N. Dastur, L&T, Sargent & Lundy, Uhde India.
TFEL has also made inroads in West Asia and Africa. Close to a third of its current order-book (together with L1 orders) are international projects. Its water-related projects in countries such as Kenya and Ethiopia can be expected to deliver high returns.
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