Monday, March 2, 2009

Order Book - February

I have put together some major orders achieved by certain companies in the month of February. Most of the following companies have their own equal or a higher, national or international competitor exists. They also have to undergone through a complicated or haggled bidding process to achieve the same. These orders have more significance in the wake of worsening and widening recession news. Analyzing the order books of a company is very much important for an investor as bagging good orders is also considered as steps to growth of a company.


Bharat Earth Movers Limited(BEML) has bagged the largest order in its history for supplying 150 coaches valued at around Rs 1672.50 crore from the Bangalore Metro Rail Corporation Ltd. This is the single ever largest order from a single tender to the company. The company also likely to get an additional order worth of 600 crore to make 63 metro coaches for further expansion of proposed metro lines in Bangalore City.

The company is in possession of yet another prestigious order worth about Rs 1,365 crore for supply of metro rail coaches to Delhi Metro Rail Corporation (DMRC) for its third phase of project. The Indian Railways also planning to replace about 3,000 coaches in Chennai, Mumbai and Kolkata and this would be a big order for BEML in future.


The technology driven education firm attained an order worth 120 Crores from the State Governments of UP & Assam. The contract with the UP Govt includes to supply computer hardware, software and connected accessories and provide computer aided education in the specified government aided high schools from classes VI to XII for a contract period of 5 years. Educomp has also received another order from Axom Sarba Siksha Abhijan, (SSA) Mission, Assam for imparting training in 641 Schools. With these orders the total number of schools under ICT(Instructional and Computing Technologies) implementation in the Educomp portfolio has gone up to 12012.

Educomp has partnered with thirteen (13) State Governments namely Government of Assam, Karnataka, Orissa, Tripura, Gujarat, Uttar Pradesh, West Bengal, Delhi, Haryana, Jharkhand, Rajasthan, Chhattisgarh and Andhra Pradesh, covering more than 9900 Government schools and benefiting three million students studying in Government schools in India.


Moser Baer Photovoltaic, a subsidiary of Moser Baer India has won a contract from the Roads and Buildings department of Gujarat to set up roof-top solar photovoltaic installations. The solar photovoltaic system with 135-kilowatt-peak installed capacity will run a 40-kilowatt load for 10 hours each day and charge a battery bank of 6,000 ampere hours. The completed system will be commissioned by April this year. This project is in line with the Gujarat government's focus on clean and renewable energy in the state. It is expected that a big flow of such orders from various public and private sector companies in near future. Accumulate this scrip on every fall.


Ashok Leyland (Hinduja Group) has bagged an order worth USD 43.5mn from the Angolan government for 1,000 buses. The order has been bagged from the Ministry of Transport of Angola. The buses have been specifically developed with a strengthened chassis to meet Angola's transport requirements and a goods compartment has been added to each of the 30-seater vehicles for the use of rural population.


Gayatri Projects Limited, the construction and Infrastructure Company from Hyderabad has achieved two orders worth Rs 2,132 crore from the AP Government for construction-related works. The first order is from Dummugudem Project Circle, valued at Rs 1,360.26 crore for constructing 182km-206 km Dummugudem-Nagarjuna Sagar Project Tail pond link canal and the second order valued at Rs 771.36 crore for Dummugudem-Nagarjuna Sagar Project Tail pond link canal from 206 km to 244 km. The company formed a joint venture with Ratna Infrastructure 'Gayatri-Ratna Joint Venture' to execute this project. Gayatri holds 80% in the project, while Ratna’s share is 20%. The projects have to be executed within a period of 54 months.


Elecon Engineering has bagged an order worth Rs. 185 million from Techpro Systems for designing, engineering, manufacturing, testing, supplying, erection and commissioning of material handling and other equipments. The scope of work includes supply of one stacker reclaimer and other equipments for coal handling system of 1,050 MW coal fired thermal power project at Maithon Power.


Era Infra Engineering has achieved a contract from Bharat Heavy Electricals (BHEL) valued at Rs 670.56 million for construction of civil and architectural work in main plant, power house and auxiliary plant building for unit-2 of 1 X 500 MW TPS Stage II at Kudathini Village, Bellary, Karnataka. Era Infra Engineering had in 5 February 2009 secured a contract worth Rs 222.98 crore from NTPC for one its power projects.

Era Infra Engineering builds industrial complexes, residential buildings, multiplexes, super malls, power projects and airports. The company is diversifying its revenue stream by entering into new segments such as irrigation and build operate and transfer (BOT) projects.


Ion Exchange, a leading player in the domestic water solutions and purifiers market bagged an order worth Rs 126 crore from NTPC Tamil Nadu Energy Company, a joint venture between NTPC and Tamil Nadu Electricity Board. The order is from NTPC Tamil Nadu Energy Co Ltd for setting up a sea water reverse osmosis plant near Chennai. ION is one of the few in the water business, an area that has fascinated by well-known global investors including Jim Rogers. In a recent visit to India, he said, "Even if America falls off the earth, India's water problem will not go away. If you are in the water business in India, you will make a huge fortune.” Keep this company in close watch.


Bartronics India Ltd has bagged an order of providing 48,000 RFID (Radio-Frequency Identification ) tags to Housing Development Board of Singapore. The exact worth of the order not yet disclosed, but the Government of Singapore had allocated about $212 million to the Housing Development Board in the form of operating grants.

Bartronics India has also obtained a prestigious `AapKe Dwar` project from the Municipal Corporation of Delhi and expects minimum revenue of Rs 50 billion from the project over the period of nine years. The project, which is based on build-operate-transfer model, envisages setting up and running 2000 G2C kiosks in Delhi for a period of nine years. Bartronics offers automatic identification and data capture (AIDC) technologies, radio-frequency identification (RFID), smart cards and point of sale (POS) solutions.


Essar Offshore Subsea, a division of Essar Projects, an engineering procurement and construction company headquartered in Dubai has bagged a Rs 1,000 crore order from ONGC. Essar would modify, refurbish platforms of ONGC and install new equipment and facilities in the process complexes of Neelam and Heera at the Western offshore fields of India.


Areva T&D India has bagged an order from Lanco Infratech for 765kV substation. The project will connect the Anpara `C` 1200 MW (2X600MW) thermal power plant being developed by Lanco Infratech at Anpara in UP to the Northern Grid. The project is expected to fully commissioned by April 2010.


Subhash Projects has achieved an order worth Rs 585.98 Crores for Pranahitha - Chevella Lift Irrigation Scheme for the work of package 15 from the Irrigation & CAD Department, Government of Andhra Pradesh. The project will be executed in a joint venture with SEW Infrastructure Limited and AMR Construction for an amount of Rs 585.98 Crores. Subash Projects will share 80% of the Joint venture.


Tata Teleservices (TTSL) signed an MoU (Memorandum of Understanding) with Hirco Developments for their integrated township spread over 369 acres and for the proposed SEZ in Chennai. Tata Tele Service to provide the complete telecom solutions to the occupants and residents of Hirco's projects including a fibre optic network, voice and data services, Wi-Fi hotspots, broadband services and wireless services.


The company has bagged three orders aggregating to Rs 365 crore from three different suppliers for rural electrification and transmission projects. Orders bagged from the West Bengal State Electricity Distribution Company Ltd (WBSEDCL) covering electrification in 3340 Villages, including providing Below Poverty Line service connections and new substations. The another Order awarded by Power Grid Corporation of India Ltd. (PGCIL) in Bihar, covering electrification in 16 blocks including providing Below Poverty Line service connections, new substations and augmentation of existing substations. The projects are scheduled to be completed by July 2010. The company’s order inflow for the quarter was around Rs 1100 crore.


Siemens' Industrial Solutions has achieved a turnkey order worth Rs. 2116 million (212 crore) from Steel Authority of India Ltd (SAIL) for Rourkela Steel Plant (RSP). Siemens will provide an extra high voltage (EHV) power distribution package to the Rourkela Steel Plant for augmentation of their existing main Step Down Substations (MSDs) and installation of new MSDs. This power augmentation program will enable Rourkela Steel Plant to enhance its production capacity from 1.9 million tonnes to 4.5 million tonnes.


Reliance Globalcom, the international limb of Reliance Communications, has achieved a multi-year contract from British optical retailer Specsavers for its enterprise solution. Reliance Globalcom will supply its enterprise solution for connecting 1,150 worldwide retail outlets of the company. The deal covers 10 countries across Europe, Australia and New Zealand. The financial details of the deal is not been disclosed. In February itself the company bagged multi-year contracts from three global retailers - French sports goods retailer Oxylane Group, kid’s clothing chain Orchestra (also French) and Italian coffee brand Illy CafĂ©, - for its enterprise solution.


Omaxe, leading real estate developers has achieved a contract from Punjab Infrastructure Development Board (PIBD) and Punjab PWD(B & R Department) for the Construction of Modern Jail at Kapurthala & Faridkot. These projects are to be constructed over an area of 70 acres each with at total estimated cost of Rs 210 crores. These projects are expected to be completed within 18 months. Each project will have facilities like a 50-bedded hospital, administrative block, training centre cum canteen and library blocks, central watch tower, dispensary, flour mill and workshops.


Supreme Infrastructure has bagged orders worth Rs 249.84 crore, which include construction of roads, bridges, flyovers and commercial buildings in Maharashtra and Rajasthan. The orders are scheduled for completion in 24 months. Among the major orders is the construction of South Kaseli and North Kaseli Bridge on the Thane-Bhiwandi-Wadpa road in Thane district.

Supreme Infrastructure, in association with Petron Engineering, has also won the order for construction of a flyover at Transport Nagar Choraha (Jaipur) under the Jaipur Development Authority. The total cost of this project is Rs 64.98 crore. The company has also bagged three commercial building projects from Kamla Landmark Group. The three commercial buildings would be in Santacruz, Andheri (East) and Goregaon (East) at a cost of Rs 24.20 crore With these orders, the company’s order book goes up to Rs 698.54 crore.


TRF signed a contract with the Andhra Pradesh Power Generation Corporation (APPGC) worth Rs 997.48 million for setting up the coal handing plant for its Rayalaseema Thermal Power Project, stage-III, unit - 5 (1 X 210 MW). The company manufactures bulk material handling and processing equipment, bulk material handling systems, coke oven equipments, coal dust injection systems for blast furnaces, coal beneficiation systems, and port and yard equipment. EPC and EPCM services are also provided.


Iflex Solutions Ltd, a leading provider of technology solutions to the global banking and financial services industry, will provide banking software solutions to Europe’s Volkswagen Bank for the Netherlands region. Iflex solutions would also allow the Volkswagen Bank to deliver web-based services to its dealers and customers with the new software. “Daybreak Lending Suite (the software solution) has been extremely successful and widely accepted in Europe, Middle East and Africa region.


  1. Very Nice coverage Shabu....Many of the companies you listed are available at cheap price....

  2. the Delhi metro is a new and very good step to companies in India doing a lot of work to improve Indian vehicles performance and quality.
    car parts engines



The blog is associated with information on Indian stock market and author’s investment view points on various emerging stocks/sectors. The contents discussed in this blog are purely my own personal opinion and in no case weigh it as any kind of recommendation for stock market investment. The sheer purpose of this blog is to educate the interested community on market related subjects based on my experience and I am, in no way, responsible for investment decisions based on the contents described in this blog.

Total Pageviews