Techno Electric and Engineering Company Ltd bags new orders

Techno Electric and Engineering Company Ltd has bagged new Orders (for Rs 4063 crores) in the Normal Course of Business from the below customers:

Power Grid Corporation of India Ltd.- Rs 241 Crores
Aparva Energy Private Limited - Rs 175 Crores
Adani Transmission Ltd. - Rs 120 Crores
Millenium Challenge Account (MCA), Nepal - Rs 760 Crores ($91.61 mn)
IndiGrid Trust - Rs 904 Crore NERES XVI, POWER TRANSMISSION LTD - [TEECL has won the bid under Tariff Based Competitive Bidding (TBCB) to establish Inter-State transmission system for this projects on build, own operate and transfer (BOOT) basis for a total Revenue of Rs 1750 crores over the concession period]

Damodar Valley Corporation (DVC) - Rs 291 Crores
REC Power Distribution Company Ltd. - Rs. 1571 Crores

(All the above Orders are in the Normal Course of Business)

Shares of Techno Electric & Engineering Company Limited was last trading in BSE at Rs. 1020.70 as compared to the previous close of Rs. 969.25. The total number of shares traded during the day was 118560 in over 6815 trades.

The stock hit an intraday high of Rs. 1066.95 and intraday low of 989.10. The net turnover during the day was Rs. 122026655.00.

Source : Equity Bulls

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TechnoElectricandEngineeringCompany INE285K01026 OrderWin