Sunpower Grp

Sunpower Grp: Subsi Nanjing Shengnuo Heat Pipe Co has clinched a US$8.5m (approx $10.9m) contract with JSW Steel, the 3rd largest steel manufacturer in India and a unit of the Jindal Group, a conglomerate valued at US$12b. Co will supply three waste heat recovery units which include the manufacture of one of the largest units in China. These will be used to recover waste heat found in sintering process to reduce energy consumption for JSW. This is expected to impact co's earnings positively nxt yr. The heat transfer and recovery tech co has approx mkt cap of $70m and trades at 3.8x P/E.