This multibagger heavy electro-mechanical repairs company bags new order worth Rs 5.20 crore from Bokaro Power Supply Company (P) Ltd

The stock gave multibagger returns of 200 per cent in just 1 year and a whopping 620 per cent in 3 years.

Evans Electric Ltd secured a significant domestic contract worth Rs 5.20 crore from Bokaro Power Supply Company (P) Ltd., a joint venture between SAIL and DVC. The project involves rewinding and repairing a specific generator (TG #2) with a capacity of 55 MW, operating at 11.5 KV and 3000 RPM, and utilizing hydrogen cooling technology. Payments will be made based on achieving agreed-upon milestones, and Evans Electric Ltd. will guarantee their work for 6 months after successful commissioning. The entire project is expected to be completed within 6 months.

Evans Electric Ltd, established in 1951, specializes in repair, refurbishment, and support services for electro-mechanical equipment used in various industries like power generation, distribution, manufacturing, and processing. They cater to all aspects of electro-mechanical work including repairs, rewinds, refurbishments, redesigns, diagnostics, and component manufacturing. The company has a market cap of Rs 82.90 crore.

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Their services encompass both in-house and on-site solutions for machines of varying sizes, including high-voltage generator and motor coil manufacturing, transformer coil manufacturing, and spare parts production. They also boast advanced diagnostic and machining facilities, dynamic balancing, and a full range of high-voltage testing equipment. Their manufacturing unit, located in a 30,000-square-foot facility in the Palghar district, has a lifting capacity of up to 50 tons.

On Friday, shares of Evans Electric Ltd plunged 2.33 per cent to Rs 302.10 per share with an intraday high of Rs 324 and an intraday low of Rs 302.10 from its previous closing of Rs 309.30. The stock’s 52-week high is Rs 401.10 and its 52-week low is Rs 95.95. The stock gave multibagger returns of 200 per cent in just 1 year and a whopping 620 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.