Buy Gremach Infrastructure Equipments and Projects

Gremach Infrastructure Equipments and Projects is a good buy at current market price: 76.25 as on 01-09-08. It is currently quoting at a very low PE of just 2.90. In the short term it has a target of 90.

UP 15 % As on 4th September 2008

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Industry: Chemicals

Gremach has received formal approval from Govt. of India, Ministry of Commerce & Industry, for setting up a Specific Economic Zone for Metal at Gadhinglaz Distt. Kolhapur (Maharashtra).

Gadhinglaz is well located between Belgam and Kolhapur. Gremach has taken over full possession of land intend to set up SEZ. It was inaugurated by Honbl. Speeker of Maharashtra Legislative Assembly Shri. Baba Saheb Koprekar.

Strategically location of SEZ is ideal for Metal Industries. A lot of Foundries are located nearby. Looking to the hazel free opportunities of SEZ, they are willing to set up their units at SEZ as Export Oriented Units, Proximity to SEZ from the Iron ore Belt of Goa, Sindhdurg and Bellary is an added advantage. It is also nearest to the seaport