Era Infra Engineering Ltd
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BSE Code:
530323
NSE Code:
ERAINFRA
Business Profile
Business Profile
Era Infra Engineering (ERAINFRA) is a fully integrated infrastructure company participating in infrastructure development, pre-engineered building blocks and real estate development. It was incorporated as a private limited company on Sep. 3, 1990, converted into a public limited company through shareholder resolution on Oct. 19, 1992, and got its present name on June 25, 2007. The company is part of the Era group which includes the company`s subsidiaries Era Landmarks (India), Era Building Systems, Era E-Zone (India), Big Ben Developers and Victor Buildwell.
The ISO 9001:2000 and 14001:2004 certified company develops and constructs highways, railways, power and industrial projects, airports, institutions, universities, residential and commercial complexes. It has successfully executed over 60 projects across 17 states and is rated as one of the fastest growing construction company by the Industry Journal Construction World.
Some of the recent orders bagged include cumulative contracts worth Rs 12.21 billion, comprising of contracts for Delhi Metro, SAIL Bokaro Steel Plant, National Highway Project and DSIDC, modernization of Pune airport, construction of CBI headquarters and a residential project from Central Park Estate; a Rs 40 million order from Jeet builders to supply ready mix concrete (RMC) for the construction of multi storied residential complex at Greater Noida; and a Rs 200 million order for the supply of ready mix concrete for the Commonwealth Games village, New Delhi.
Along with its subsidiaries, step-down subsidiaries, joint ventures and associates, the company caters to clients like NTPC, Indian Railway Welfare Organization, NBCC, Public Works Department, NDDB, IRCON International, Unichem Laboratories, Rajasthan Spinning & Weaving Mills.
The registered office is located at 370-371/2, Sahi Hospital Road, Jangpura Bhogal, New Delhi-110014.
Financials
Era Infra Engineering reported a sharp drop in standalone net profit for the quarter ended June 2008. During the quarter, the profit of the company declined 14.27% to Rs 284.01 million from Rs 331.28 million in the same quarter previous year. Net sales for the quarter jumped 57.72% to Rs 3,909.33 million, while total income for the quarter jumped 48.38% to Rs 4,032.07 million, when compared with the prior year period. The company posted earnings of Rs 12.29 a share during the quarter, registering 30.56% decline over previous year period.
Recent Developments
05-FEB-09
The company has secured a contract from NTPC valued at valued at Rs 2,229.89 million for mail plant and offsite civil works package for Mauda Super Thermal Power Project, Mauda (2x500 MW).
05-JUL-08
The board of director has approved sub-division of equity shares of the company from existing one equity share of Rs 10 each to 5 equity shares of Rs 2 each, subject to approval from the members by postal ballot.
08-APR-08
Era Infra Engineering has won contracts cumulatively worth Rs 12.21 billion, comprising of contracts for Delhi Metro, SAIL Bokaro Steel Plant, National Highway Project and DSIDC. The company will also be involved in the modernization of Pune airport, construction of CBI headquarters and residential project from Central Park Estate.
02-APR-08
Era Infra Engineering has bagged an order valued at approximately Rs 40 million from Jeet builders to supply of ready mix concrete (RMC) for the construction of multi storied residential complex at Greater Noida.
31-MAR-08
Era Infra Engineering has secured an order valued at approximately Rs 200 million for the supply of ready mix concrete for Commonwealth Games Village, New Delhi.
Future Plans
The company has decided to enter into the ready-mix-concrete (RMC) business. It will set up five RMC manufacturing units in the National Capital Region by August 2007. The RMC division will attract an investment upto Rs 1.2 billion over the next three years.