GEI INDUSTRIAL SYSTEMS LTD - REPEAT

This scrip was earlier recommended at Rs.120/- .Since the prospects of the company is bright ,reiterating a BUY at current level  ( Rs.170/-)for long term term Investors .Old Report is re-produced below :
-------------------------------------------------------------------------------------------------------------
GEI INDUSTRIAL SYSTEMS is a Bhopal based
company  manufacturing  air cooled steam condensers
and heat exchangers. Its products are mainly used in
industries like Power Generation Plants, Refineries ,
Fertiliser plants ..etc. Company is a leader in air-cooled
condenser technology. This method is gaining acceptability
due to scarcity of water and also some state governments
forcing for replacing of water cooling system with air cooling
system by law. Company is now receiving very good order
flow mainly from power plants. It also planning to introduce
some new products like Deaerator, HP heater, LP heater..etc.
Now GEI is planning for a capacity addition of 100% at a
cost of Rs.70 crore.For the FY 2010 company posted a
turnover of Rs.244 Cr and a net profit close to Rs.15 Cr.
Considering the expertise of management in this technology
and the quantum of new projects in its user industries ,
there is enough scope for growth in future. Persons close
to the management is actively purchasing shares from
open market is another point to note. Currently it is quoting
around Rs.120/-.Keep an eye on it.