TCM Ltd receives order from ANERT

TCM Ltd has received the following work order, DT. 10/03/2023 from Agency for New and Renewable Energy Research and Technology (ANERT), Department of Power, Government of Kerala as per Tender 1D:2023_ANERT_548986_1 for the Design, Supply, Installation and Commissioning of Grid connected SPV Power Plants in Public Buildings at Thiruvananthapuram under Solar City Project (funded by Smart City Thiruvananthapuram Ltd).

A tripartite agreement has to be executed within 7 days of receipt of the work order for fulfillment of the contract along with a security deposit of Rs.2,21,910/- being 3% of contract value of Rs.73,97,000/-.

100-200 kw work is to be completed within 45 days. Upon delivery of major components at the respective sites, 60% of contract value will be released, on completion of installation and testing of the plant, 20% of contract value will be released as second part. On commissioning, 10% of remaining contract will be released. Final 10% will be retained as performance security and will be released upon completion of the term. 3% security deposit will be released on completion of supply, installation and commissioning.

Shares of TCM LTD. was last trading in BSE at Rs. 31.59 as compared to the previous close of Rs. 30.63. The total number of shares traded during the day was 5645 in over 102 trades.

The stock hit an intraday high of Rs. 33.00 and intraday low of 29.01. The net turnover during the day was Rs. 176153.00.

Source : Equity Bulls

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