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Buy Indo Tech transformers exposure to power sector

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Submitted by stockguru on November 25, 2009 - 21:12

http://www.google.com/finance?q=BOM:532717


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Stockguru has been investing in Indian Stocks since 1990.With an MBA in finance from Pune university and more than 20 years experience in finance industry he is a well respected finance professional.

Submitted by stockguru on November 26, 2009 - 06:25. #

Indo Tech has five manufacturing facilities – four in Chennai and one in
Palakkad in Kerala. With the recently set up factory in Kancheepuram,
the company began focussing on power transformers up to 315 MVA
capacity in 400 KV class.

Promoters of the company, along with their relatives, have by a share
purchase agreement decided to sell their entire shareholding to
Prolec-Ge International based in Mexico. Company is majority owned by Prolec GE.

Company is doing good business on back on govt thrust on power sector. Company expected to grow sales by 15% in current fiscal.

 

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