« Guardian Waste Group Announces New Interactive Internet Platform | Main | SCHWING Stetter India Bags Manufacturing Excellence Awards »
December 15, 2005
SAAG RR Infra Ltd. Bags Rs. 2.17 Crore Order from BEML
Infrastructure major SAAG RR INFRA LTD [listed on BSE (BSE CODE 531374) and MSE], a subsidiary of SAAG CONSOLIDATED (M) BHD, has bagged an order worth Rs.2.17 crores from Bharat Earth Movers Ltd, Mysore. The work includes civil and structural works for Major Assembly hangar. This project is on a turnkey basis and is to be completed within 6 months.
Chennai (PRWEB) December 15, 2005 -- Infrastructure major SAAG RR INFRA LTD [listed on BSE (BSE CODE 531374) and MSE], a subsidiary of SAAG CONSOLIDATED (M) BHD, has bagged an order worth Rs.2.17 crores from Bharat Earth Movers Ltd, Mysore. The work includes civil and structural works for Major Assembly hangar. This project is on a turnkey basis and is to be completed within 6 months.
Mr. R. Sriram, Managing Director, SAAG RR Infra Limited, said, “Our foray into the PSU sector happened a few years back and we find this sector to be very productive. We are working withNTPC, HPCL, BHEL to name a few and now this BEML order is a new feather to our cap.”
SAAG RR Infra Limited reported a net profit of Rs. 58.89 lacs for the financial year ending March 2005 as against Rs. 27.45 lacs, the previous year, an increase of 115 per cent. The company’s turnover grew by 37% from Rs. 11.58 crores in 2003 – 04 to Rs. 15.92 crores in 2004-05. SAAG RR also achieved a record-high revenue and operating income in the same fiscal.
About SAAG RR Infra Ltd
SAAG RR Infra Ltd., is a subsidiary of SAAG CONSOLIDATED (M) BHD (SAAG), a key player in the oil and gas sector in Malaysia for over 23 years. As a company principally providing investment holding and management services, SAAG through its group of companies and strategic partnerships is involved in upstream and downstream activities in the oil and gas industry. With a reputation as an innovative player in the manufacture, supply and service of equipment and machinery in the oil and gas industry in Malaysia, SAAG has been growing rapidly and currently represents more than 20 established manufacturers of oil and gas (O&G) equipment and machinery. Strategic alliances in niche growth areas have provided SAAG with the competitive edge to offer technical expertise, equipment and manpower to undertake high-end projects in the industry. SAAG has already expanded operations to Singapore (1989), Brunei (1992), India (2003), Australia, Thailand and Korea (2004).
For more information:
Shyam
Company Secretary
SAAG RR Infra Ltd
Tel: 044-24614942/ 9282226386
Posted by Industrial-Manufacturing at December 15, 2005 02:36 AM