Rs 7,000 crore order book: This multibagger civil construction company bags new orders worth Rs 1,750 crore from Sterlite Power, Power Grid and REC!
The stock gave multibagger returns of over 150 per cent in just 1 year whereas BSE Sensex Index is up by 19 per cent.
Techno Electric & Engineering Company Limited (TECHNO) has been awarded orders worth Rs 1750 crore in the transmission and distribution segment in the normal course of business. The details are as follows:
Transmission - Rs 709 crore
- 765kV AIS substation package (Neemrana-ll) in Rajasthan from Sterlite Power Ltd - Rs 199 crore.
- 765kV AIS substation package for Establishment of 765/400 kV, 2x1500 MVA at Sikar, Rajasthan from Power Grid Corporation of India - Rs 223 crore.
- 65/400 kV substation package for Dausa and 765 kV extension package for Beawar, Rajasthan from Power Grid Corporation of India - Rs 288 crore.
Distribution – Rs 1041 crore
- Advance Metering Infrastructure (AMI) in Kashmir on a DBFOOT basis from REC Power Development and Consultancy Limited (RECPDCL) – Rs 1041 crore.
Techno Electric & Engineering Company Ltd (TEECL) is engaged in providing engineering, procurement and construction (EPC), asset ownership and operations and maintenance services in the power infrastructure industry. The company has a market cap of Rs 8,950 crore and has been maintaining a healthy dividend payout of 34.5 per cent.
Including the above order of Rs 1,750 crore, the company’s current order book stands at over Rs 7,000 crore including L1 orders worth Rs 2,700 crore. The company reported amazing numbers in its Quarterly Results and annual results.
Today, shares of Techno Electric & Engineering Company Limited gained 1.72 per cent to Rs 813.15 with an intraday high of Rs 821.15 and an intraday low of Rs 795.90. The stock’s 52-week high is Rs 844.15 and its 52-week low is Rs 305.85. The stock gave multibagger returns of over 150 per cent in just 1 year whereas BSE Sensex Index is up by 19 per cent. Investors should keep an eye on this Small-Cap civil construction stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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