UB Engineering Limited
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BSE Code:
509992
NSE Code:
UBENGG
Business Profile
Business Profile
Pune-based UB Engineering (UEL) is a flagship company of the UB Group`s engineering division. The company is in the field of installation of industrial plants. It commenced operations in 1963 as a partnership firm then known as Western India Erectors, which later on came under UB group in the year 1988.
In 1982, the company diversified its activities in the field of electronics and as a first step, undertook to manufacture hybrid integrated circuits in technical collaboration with New Market Micro Systems, Cambridge. UEL undertakes electromechanical erection and installation related to construction of industrial projects, primarily in domestic and overseas markets. The company`s operations include on-site fabrication of structures, installation, cabling, testing and commissioning of equipment at large industrial project such as power, refineries and piping steel, cement, fertilizer, petrochemical and desalination project. UEL also undertakes overhauling and maintenance of operating plants in varied industries, both in India and abroad.
Wie Estate Development is a wholly owned subsidiary of the company.
Financials
The company reported a loss of Rs 80.20 million for the quarter ended September 2006 as against Rs 10.20 million during the corresponding quarter in the previous year. Sales for this period decreased by 6.21% to Rs 558.40 million from Rs 595.40 million.
UEL reported a 53.13% increase in sales at Rs 2,282.8 million for the year ended March 2006, as against Rs 1,490.8 million for the year ended March 2005. The company incurred a loss of Rs 229.8 million in FY06 as against a loss of Rs 122.3 million in FY05.