The company made this announcement during trading hours on Thursday, 11 September 2008, when the stock gained 1.03% to Rs 490.50.

Meanwhile, the BSE Sensex was up 77.81 points, or 0.54%, to 14,402.10.

The stock hit a high of Rs 503 and a low of Rs 491.50 so far during the day. The stock has a 52-week high of Rs 957 on 28 December 2007 and a 52-week low of Rs 410 on 26 August 2008.

The mid-cap stock had underperformed the market over the past one month till 10 September 2008, declining 5.45% as compared to the Sensexs decline of 3.33%. It had also underperformed the market in the past one quarter, declining 11.50% as compared to the Sensexs decline of 1.52%.

The companys current equity is Rs 23.10. Face value per share is Rs 10.

The current price of Rs 503 discounts Q1 June 2008 annualized EPS of Rs 49.18, by a PE multiple of 10.23.

Era Infra Engineering (EIEL) joint venture with KMB of Ukraine, on Thursday, 12 September 2008, bagged an order worth Rs 129.65 crore from Airports Authority of India for building new terminal at Raipur airport.

On 10 September 2008, the company said the books will remain closed from 24 September 2008 to 29 September 208 (both days inclusive) for the purpose of stock split as well as for dividend payment.

On 25 August 2008, Era Infra secured an order worth Rs 42.35 crore for building housing units for industrial workers from Delhi State Industrial & Infrastructure Development Corporation.

Era Infra Engineerings net profit fell 14.3% to Rs 28.40 crore on 57.7% increase in net sales to Rs 390.93 crore in Q1 June 2008 over Q1 June 2007.

Era Infra Engineering builds industrial complexes, residential buildings, multiplexes, super malls, power projects and airports. The company is diversifying its revenue stream by entering into new segments such as irrigation and build operate and transfer (BOT) projects.

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