• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Port Info

• Ships in Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• The Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

M. Ramesh

Chennai , April 13

SAAG-RR Infra Ltd (BSE: 531374) saw a spurt in trading on Wednesday, with volumes topping 1.7 lakh shares. Interest in the stock appears to have been triggered by the news that the company has secured a Rs 5-crore order from BHEL, Tiruchy.

When contacted by Business Line, the SAAG-RR Managing Director, Mr R. Sriram, said the company's orders on hand, at Rs 20 crore, were more than last year's turnover of Rs 16 crore. All the orders on hand are to be executed in the current year.

But the bigger story about SAAG-RR is not the orders it has already secured but what it could potentially get, because of its new Malaysian promoter — the SAAG group.

SAAG-RR Infra came into being when the SAAG group took a controlling interest in the erstwhile RR Greenhands Infrastructure India Ltd, which was mainly into civil construction for industries and road building. In 2003-04, its turnover was Rs 10.65 crore.

The advent of SAAG has come as a shot in the arm. The SAAG group is one of the big players in the oil sector in Malaysia. SAAG Oil and Gas Sdn Bhd is a company licensed by Petronas, Malaysia's premier oil company, to provide value-added services, equipment and IT solutions to it.

The SAAG group also has access to resources of many companies around the world, either through tie-ups and working relationships, or on account of having bought them over. For example, it has a joint venture with a Czech company Plynostav, a leading player in oil pipe laying, and Focus Oil and Gas of The Netherlands. Recently, the SAAG group acquired Proteus of Australia, an engineering consultancy firm.

Armed with all these resources, SAAG-RR expects to grow faster. Right now, its orders-under-bid are worth Rs 30 crore, but soon the company expects to break into the `ONGC, IOC league'.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
ABN AMRO's opportunities fund collects Rs 425 cr

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line