1,500 Per Cent Multibagger Returns: This Water Solution Company Secures Rs 32.56 Crore Purchase Order For 2 MLD CETP System
The company is also into trading of industrial piping and is providing end-to-end services. The stock has given 1,500 per cent returns in last 5 years, turning out to be a multibagger.
Felix Industries Limited has announced that it has received a Purchase Order from Nilkanth Infra for a 2 MLD (Million Liters per Day) Common Effluent Treatment Plant (CETP) System. The order encompasses the Supply, Installation, Testing, and Commissioning (SITC) of mechanical equipment for the advanced effluent treatment plant. The plant will utilize state-of-the-art technologies, including multi-stage recovery reverse osmosis plants, advanced water reclamation processes, a multi-effect advanced evaporation process, a high-efficiency steam generation boiler, a fully equipped multi-parameter testing laboratory, and a fully controlled SCADA system, along with electro-mechanical complete processing.
The CETP is to be set up at Sun Industrial Park, Changodar, Gujarat. The order is from a domestic entity. The time period for the execution of the order is 9 Months. The total consideration or size of the order is Rs 32,56,80,000/-, inclusive of GST.
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Felix Industries Limited has clarified that it does not have any interest in Nilkanth Infra, the entity that awarded the order. However, the transaction is classified as a related party transaction. The 2 MLD Common Effluent Treatment Plant (CETP) will be developed using the process and technology approved by Eco-Vision Aqua Care Private Limited. Felix Industries Limited holds a 20 per cent equity stake in Eco-Vision Aqua Care Private Limited. The company states that this transaction is being conducted at arm's length and has been approved by the Audit Committee members.
On Friday's trade, the stock opened strong at Rs 198.40, sharply higher than the previous close of Rs 186.40. It touched an intraday high of Rs 198.40 but faced selling pressure, dipping to a low of Rs 184.20. Despite volatility, the stock recovered to close at Rs 195.30, up 3 per cent for the day. Strong intraday swings indicated active trading and profit-booking at higher levels, while buyers supported the stock near the day’s lows.
Incorporated in 2012, Felix Industries Ltd offers total water and environmental solutions. Company works towards environmental conservation through Recycling (waste water), reusing (wastewater), recovering (products), & Reducing (effluents). Water reclamation solutions offered by Felix Industries Ltd include: Water & Wastewater Recycling Systems (Zero Liquid Discharge Systems, Water Recovery Systems, Effluent Recycling Systems, Reverse Osmosis Membrane Systems, Ultra-Filtration & Nano-Filtration Systems, and Pre-Treatment & Post-Treatment Chemicals), and E-Waste Recycling Systems. The company is also into trading of industrial piping and is providing end-to-end services. The stock has given 1,500 per cent returns in last 5 years, turning out to be a multibagger.
Disclaimer: The article is for informational purposes only and not investment advice.