>EMCO (KR Choksey)

● Rs 550 crore order from PGCIL
Emco Ltd has received five orders worth Rs 550 crore from the state-run Power Grid Corporation of India Ltd for a 765 kilo volt overhead transmission line. The orders also involve supply of galvanised steel towers.

● "Transforming" into a complete T&D EPC player
The Baroda-based Urja Engineers, a transmission-tower manufacturing company, has been merged with EMCO. Previously, it had supplied towers to EMCO for the latter's projects business. Post-expansion the merged entity would have transmission-tower manufacturing capability of 45,000 MT. Urja is qualified to bid for all State Government and PGCIL contracts. The focus is to become an end-to-end solutions provider for the EPC business.

● Emco plans hybrid model for selling power
The company plans for 540 MW merchant power plant at Warora in Chandrapur district (near Nagpur, Maharashtra). The financial closure for the first phase of 270 MW (135MW X 2 units) of the project has been achieved. The plant is expected to be operational by March 2010.

● Q3FY09 Results
In Q3FY09, company’s witnessed drop of 14.6% & 45.7%(YoY) in net sales & PAT to Rs 207.9 crore & Rs 8.2 crore. The topline declined mainly due to intentional delay in deliveries to industrial clients and issues in sourcing of key components.

To see full report: EMCO