Shanghai Electric and India Integrity group signed 55.4 billion Yuan project contract
KeywordsShanghai Electric Integrity signed
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NetEase Financial October 27 News Shanghai Electric Night Notice, the company is expected October 28 with the Indian integrity group signed 3 power plant projects, a total of 36 supercritical coal power plant equipment supply and service contracts and mandatory spare parts supply contracts, the total contract amount of 8.291 billion U.S. dollars, 55.38 billion yuan. The company expects that the 3 power plant projects will gradually achieve sales in 2011, the implementation cycle will be more than 10 years, so the company's 2010 performance will not have an impact. The signing of the contract will increase the company's share in the Indian power plant engineering market. Sales of about 5.6 billion U.S. dollars a year, accounting for the company's annual operating income of 2009 or so 6-7%. Shanghai Electric also issued quarterly bulletin, July-September, the company's total operating income of 15.546 billion yuan, an increase of 1.79%; earnings per share of 0.0737 yuan, an increase of 29.98%. This January-September, the company's total operating income of 46.009 billion yuan, an increase of 6.64%, net profit of 2.365 billion yuan, an increase of 11.58% per share earnings 0.1870 yuan, an increase of 10.39%.
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