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Nitin Fire Protection Nod For Exports

October 23, 2007

Nitin Fire Protection Industries announced during the market hours today that company’s subsidiary Nitin Cylinders at Vishakpatnam has received the NZS 5454 type approval required for exports of compressed natural gas (CNG) cylinders to countries like Pakistan, Bangladesh, Egypt etc. This will help company accept orders and export goods to these countries.

The current price of Rs 382 discounts Q1 June 2007 annualised EPS of Rs 4.63 by a PE multiple of 82.50.

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