I have recommended a BUY on GEI Industrial Systems @ Rs.120/- on 28th June 2010 ( Old Report HERE).In an important development ,today company signed an agreement for technology tie- up with Switzerland based Innospin .This will help the company to produce air cooled condensers for power plants upto 5000 MW capacity in 2013 onwards. GEI is the pioneer in this technology in India and the new agreement is a landmark development for company's next phase of Growth. Currently it is trading @ Rs.204/- . A good one for long term Investors - HOLD it.
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