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Wednesday, March 16, 2011

[T.S.R:17078] Fundamental call update: GEI Industrial Systems Ltd.

Dear Sir/Madam,


GEI Industrial Systems Ltd has bagged orders worth Rs. 450 mn, for the supply of Air Cooled Vacuum Steam Condensers (ACSCs), used in power plants, from leading companies in cement and steel sector.

GEI has successively secured orders from Ultratech Cement Ltd., a cement major under the Aditya Birla Group, for supply of ACSCs to their captive power plants being set up in Andhra Pradesh. Based on GEIs credentials, Ultratech Cement has placed a repeat order with the company, following an earlier placed in January this year.

The company secured two orders from Topworth Group companies, Top Worth Urja and Metals Ltd. and Crest Steel and Power Pvt. Ltd. for supply to captive power plants being set up in Nagpur, Maharashtra and Durg, Chhattisgarh, respectively.

Please find attached the earlier recommendation note dated 14th January, 2011 for your reference.

With regards,

Ajcon Research
Ajcon Global Services Ltd.

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