Techno Electric & Engineering surges on securing order of Rs 679 crore for transmission

Techno Electric & Engineering Company is currently trading at Rs. 303.65, up by 23.80 points or 8.50% from its previous closing of Rs. 279.85 on the BSE.

Techno Electric Engineering
Techno Electric Engineering

The scrip opened at Rs. 295.00 and has touched a high and low of Rs. 314.50 and Rs. 294.30 respectively. So far 48011 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 319.90 on 07-Jul-2022 and a 52 week low of Rs. 221.00 on 24-Feb-2022.

Last one week high and low of the scrip stood at Rs. 314.50 and Rs. 270.70 respectively. The current market cap of the company is Rs. 3340.04 crore.

The promoters holding in the company stood at 60.18%, while Institutions and Non-Institutions held 28.76% and 11.05% respectively.

Techno Electric & Engineering Company (TEECL) has recently secured prestigious new orders for transmission totalling to Rs 679 crore. The order of Rs 233 crore received from Khavda Bhuj Transmission (KBTL). The order of Rs 301 crore bagged from Power Grid Corporation of India and order of Rs 145 crore secured from Chhattisgarh State Power Transmission.

Techno Electric & Engineering Company (TEECL) is one of India’s most important power-infrastructure company. TEECL was established with a mission to provide comprehensive Engineering, Procurement and Construction (EPC) services to core sector industries in India.

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