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Sunday, June 08, 2014

UB Engineering Ltd: Remain Invested in this U B Group Company
CMP: Rs.16.40
UB Engineering Limited is the flagship Company of UB Group’s (Dr.Vijay Mallya promoted) Engineering Business. Dr.Vijay Mallya, entered Rajya Sabha, some years back on the BJP support. DNA India Ltd, 15 June, 2010, writes: "The decision to support Mallya was informally taken by the BJP top brass after the former met BJP national president Nitin Gadkari in New Delhi on Monday morning". So, this is a political story and with the NDA in power, it is needless to say, how U B Engineering Ltd would be benefited. 

UB Engineering Limited commenced its operations in 1963 as a partnership firm (then known as Western India Erectors) started by two foresighted technocrats and went public in the year 1972. The Company came under the UB Umbrella in 1988.

The sphere of UB Engineering’s activities encompasses EPC Projects, Infrastructure, On-site fabrication of structures, Installation, Testing and Commissioning of Electrical and Mechanical Equipments, Piping etc. for large Industrial projects such as Power, Refineries, Steel, Cement, Fertilizer, Petrochemical and Desalination Projects. The Company enjoys pre-qualification credentials in Electrical Sub-station projects upto 400 KV in India. The Company also undertakes Overhauling and Maintenance of Operating Plants in varied Industries, both in India and Abroad.

The Business Standard 24 May, 2014 writes: "In effect, the only operating company he will be left with is UB Engineering, which clocked Rs.213 crore revenue in the first nine months of 2013-14".
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