GEI bags order worth Rs 50cr from Oil & Gas sector

GEI Industrial Systems Ltd., a leader in heat transfer technology, bags two orders worth Rs. 50 crore for supply of Air Cooled Heat Exchangers from Essar Construction India Ltd and Indian Oil Corporation Ltd.

Essar Construction India Ltd placed an order for the Essar Refinery Expansion Project coming up at Vadinar in Gujarat. The second order was from Indian Oil Corporation Ltd. for the Haldia Refinery and from Larsen & Toubro Ltd., Mumbai for Hindustan Petroleum Corporation Ltd, Mahul Refinery in Mumbai.

This is the second order bagged by GEI from Essar Construction (India) Ltd. The previous order bagged in March was for Rs. 30 crores.

Speaking about the orders bagged, Mr. C E Fernandes, Chairman and Managing Director, GEI Industrial Systems Ltd. said, "We are quite pleased with the orders bagged and hope to stick to schedules, and clock phenomenal growth in the current fiscal."

The company's order book stands at Rs. 220 cr. as on 30th June 2008

With growing international interest in eco-friendly options, GEI has witnessed several international company visits for projects in India and the Middle East.

Sourced From: Concept Public Relations India Pvt. Ltd