Tantia Construction – stocks to watch
Tantia Construction (Code : 532738) :- over the years has evolved from a pure railway construction company to a fullfledged infrastructure company executing various diversified projects. As more than 90% of revenue comes from government project it caters to several govt bodies including Indian railways, Kolkatta Metro railway, NHAI, State PWD, Central PWD, State Electricity boards, HIDCO, KMC, Airport Authority of India apart from NTPC, Ircon Int, SAIL, RITES, IOC etc. Presently, company has diversified and huge order in hand position of more than Rs 1500 cr to be executed in next 24~36 months. Going forward TCL is planning to bid for bigger projects in power transmission segment as it has executed few power projects and is now qualified to bid for the same. In near future company intends to foray into BOT & BOOT projects to boost up its margin. For FY10 it is expected to clock a turnover of Rs 475 cr and PAT of Rs 18.50 cr which translates into EPS of Rs 13.50 on current equity of Rs 15.60 cr. A dark
horse.

