Techno Electric secures new order worth Rs700 crore; stock jumps ~3%

Techno Electric & Engineering Company Limited informed that it has received an order worth Rs700 crore.

The orders include GOA Tamanar Transmission Project Limited worth Rs126 crore, RECPDCL order of supplying 2.5 Lakh Smart Meters in Jammu & Kashmir on DBFOOT Basis for Rs338 crore, and Transmission order received from Tripura State Electricity Corporation worth Rs230 crore.

TEECL (Techno Electric & Engineering Company) is a major power-infrastructure company in India. In the three industry segments of generation, transmission, and distribution, we are at the forefront of Engineering, Procurement, and Construction (EPC), asset ownership, and operations and maintenance services.

At around 2.32 PM, Techno Electric was trading at Rs307.75, up by 2.83% against previous close of Rs300.10 on NSE. It touched intraday high and low of Rs321.90 and Rs297.70 respectively.

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