Technofab Engineering Limited (TEL) has reported a profit after tax of Rs 3.18 cr on a turnover of'Rs 35.48 cr for the first quarter ended June 30, 2010.
Avinash Gupta, Chairman and MD, TEL said, “We have continued the momentum in growth with an additional Rs 166 cr worth of fresh ordeRs in Q1, of which Rs 125 cr is from the Oil & Gas sector, Rs 16 cr from the power sector and Rs 25 cr from the water sector. The turnover and profit during Q1 are in line with expectations".
“We also believe that there are substantial opportunities in South Asia and Africa, where we are aiming for projects which are the subject of developmental finance particularly in the water & waste water segment,” added Gupta.
TEL's order book stands at Rs 680 cr on 30 June 2010.
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