Adhunik Metaliks subsidiary Unistar Galvanisers bags Rs 53 Crore Telecommunication Transmission Tower order from IWT

Adhunik Metaliks Ltd has announced that Unistar Galvanisers & Fabricators Pvt. Ltd, wholly owned subsidiary of the Company has bagged a major order of Rs 53 Crores from India Wireless Technology Ltd., (IWT) Mumbai. The order is for the manufacture and supply of complete Telecommunication Towers and is sufficient for its 4-5 month of production facility.

Unistar was acquired by the Company in July 2006. The Company has undertaken a capex programme to increase its production capacities and balancing of equipment at its facilities at Kolkata and Jamshedpur plant and is expected to complete expansion plan by March 2007. It has plan to reach production target of 3500 MT per month of transmission towers by December 2007.

Unistar has one manufacturing unit in Kolkata and another in Jamshedpur. Its products include transmission towers, galvanized substation / switchyard structures, ground based and roof top galvanized telecom towers, welded structure / masts for Railways and lighting masts, pipe structures, foundation bolts and accessories.

Source : Equity Bulls

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