Anel Electric Engineering

Anel Elektrik Proje Taahhut ve Ticaret A.S. is an engineering and contracting company operating under Anel Group and headquartered in Umraniye, Istanbul. The company says it has provided services since 1986 in MEP projects, which cover mechanical, electrical and plumbing systems. Its shares trade on Borsa Istanbul under the ticker ANELE.

At the core of its operations is turnkey contracting of MEP systems for demanding construction projects. Airports, tunnel and rail system projects, and large-scale buildings stand out in its reference list, with work spanning Turkey as well as other countries and continents. Bringing electrical and mechanical services under one roof, the company manages design and site work with building information modelling, manufactures and installs switchboards through AnelSis, and provides operation and maintenance services after handover.

For contractors, new contract flow, order backlog, project margins, collection of progress billings and the balance between foreign-currency income and expenses are closely watched. In overseas projects, country risk and exchange rate differences can noticeably affect results. On Lzzo.com, the technical picture for ANELE stock can be reviewed with an interactive chart, RSI and moving average data.