Company was originally incorporated as Private Limited Company on 3rd September 1990, with the object to carry on the Construction business. Subsequently by a Special Resolution passed by the Shareholders in the Extra Ordinary General Meeting held on 5th September 1992, the Company was converted into a Public Limited Company with effect from 19th October 1992. Project execution at a rapid pace is the main critical area for construction industry, which in turn depends on experience of persons involved, and availability of adequate infrastructure of facilities and Era construction is suitably placed to do that.

Products & Services-
Company provides its services into construction industry to government & private sector. Construction Industry covers various sectors like Residential Buildings, industrial Complexes, Development of Projects etc. The Company is engaged in the construction of Industrial Complexes since its incorporation. The Company is professionally managed with adequate infrastructual facilities and due to its qualitative approach; the Company has worked for different prestigious clients of Government & private sector corporate bodies.

Recent orders-
Company announced that it had bagged four contracts valuing Rs 3.44 billion from various parties. While three of the orders are for construction of Mega Hostel at NIT at Calicut, 200 bedded hospital at Kokiwala Bagh and Guru Gobind Singh Medical College, Senate and Academic Campus for Baba Farid University of Health Sciences, the fourth one is for development of athletics training venue for commonwealth games 2010 at Chhatrasal stadium, New Delhi. The fifth order, the company disclosed is from Bharat Heavy Electricals (BHEL) for Gujarat State Electricity Corporation's (GSEL) project at Gujarat.

Company has secured a contract from NTPC valued at Rs 2,229,894,607 for mail plant and offsite civil works package for Mauda Super Thermal Power Project, Mauda (2x500 MW).

Company also secured a contract from Aravali Power Company (P) valued at around Rs 1.18 billion excluding the cost of cement and steel for Permanent Township Package for Indira Gandhi Super Thermal Power Project, Jhajjar (3x500 MW). Aravali Power Company (P) is a joint venture of National Thermal Power Corporation (NTPC), Haryana Power Generation Corporation (HPGCL) and Indraprastha Power Generation Co (IPGCL). Recently, Company got a contract
from Central Public Works Department (CPWD) valued at Rs 810,441,322 for development of Minto Road Area.  

Valuations
At current market price, stock is trading at 7.64 P/E multiple of its FY 2010 estimated earnings. We recommend investors to buy "Era Infra Engineering Ltd" with medium to long term target of Rs 200.