During Tuesday’s trading session, the shares of a company engaged in offering total water and environmental solutions surged nearly 9.6 percent on NSE, after securing a purchase order worth around Rs. 32.6 crores for an Advanced Effluent Treatment Plant in Gujarat.
With a market capitalisation of Rs. 280.3 crores, at 11:44 a.m., the shares of Felix Industries Limited were trading in the green at Rs. 208.95, up by around 7 percent, as against its previous closing price of Rs. 195.3.
The stock hit its 52-week high at Rs. 454.9 on 3rd January 2024, and compared to its current price levels, the stock is trading at a discount of nearly 54 percent.
According to the latest regulatory filings with the NSE, Felix Industries Limited received a purchase order worth nearly Rs. 32.6 crores for the 2 MLD Common Effluent Treatment Plant (CETP) System from Nilkanth Infra. The project is scheduled to be completed within nine months.
The order includes the supply, installation, testing, and commissioning (SITC) of mechanical equipment for the 2 Million Liters per Day (MLD) Advanced Effluent Treatment Plant located at Sun Industrial Park, Changodar, Gujarat.
This advanced 2 MLD CETP will incorporate state-of-the-art technologies, including:
The 2 MLD CETP will be developed using the processes and technologies approved by Eco-Vision Aqua Care Private Limited.
The complete Engineering, Procurement, and Construction (EPC) scope of the project will be executed by Felix Industries Limited, which also holds a 20 percent equity stake in Eco-Vision Aqua Care Private Limited.
7th March: Rivita Solutions Private Limited, a subsidiary company of Felix Industries Limited, received a contract order worth ~Rs. 2 crores from Oil and Natural Gas Corporation Limited (ONGC).
The three-year contract involves the hiring of facilities for the processing of effluent water for both service and surface water disposal at the Lanwa Effluent Treatment Plant (ETP) under ONGC’s Mehsana Asset. The scope includes installation, operations and maintenance of effluent water for service and surface water disposal.
Felix Industries reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 73.5 percent, rising from Rs. 19.4 crores in FY23 to Rs. 33.66 crores in FY24.
Likewise, during the same period, the company’s net profit increased from Rs. 1.2 crores to Rs. 5.01 crores, representing an impressive growth of around 317.5 percent YoY.
Felix Industries Limited is engaged in the business of the development of water & wastewater recycling and treatment systems, industrial piping solutions and e-waste recycling systems.
Source: Tradebrains
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