Rs 91,006 million order book: Debt-free civil construction company wins prestigious contract from RailTel Corporation of India Ltd; India Railways
The stock gave multibagger returns of over 200 per cent in just 1 year whereas BSE Sensex Index is up by 26.3 per cent.
Techno Electric & Engineering Company Limited (TEECL) announced that it has been awarded a contract to design, build, finance, operate and transfer Edge Data Centers (EDCs) by RailTel Corporation of India Ltd, a Public Sector Undertaking wholly owned by Indian Railways. Techno Electric and Engineering Co. Ltd. will design, build, finance, operate, and transfer Edge Data Centers (EDCs) as a Business Associate of RailTel Corporation of India Ltd. in 102 cities across India over a twenty-year concession period extendable by five years.
TEECL is at the forefront of revolutionizing digital infrastructure across India. With the establishment of Edge Data Centers, our data centre vertical is taking significant steps to enhance the digital experience and drive the widespread adoption of digital services among residents of rural and urban areas, thereby contributing to the country's Digital India mission. Edge Data Centers in India will play a pivotal role in meeting the low latency and high bandwidth requirements that are essential for a range of applications, including digital skills, financial inclusion, digital health & literacy, Al, AR, Internet of Things (loT), content delivery and cloud gaming. This infrastructure will ensure that customers receive optimal digital experiences, driving innovation and progress in various sectors.
In addition, Edge Data Centers will offer major benefits to Internet Service Providers (ISPs) and Content Delivery Networks (CDNs) by reducing latency and enhancing speed. This capability will enable more efficient content delivery, improve network performance, and support the increasing demand for high-quality, real-time services across the country. The development of Edge Data Centers in the country represents a significant step toward achieving the vision of a digitally empowered India. TEECL remains dedicated to driving progress with cutting-edge technology and strategic partnerships, facilitating digital transformation on a national scale. RailTel’s optic fiber cable (OFC) network covers important towns and cities in India, including rural areas, covering over 70 per cent of India’s population.
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About the Company
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 over Rs 19,000 crore and has been maintaining a healthy dividend payout of 24 per cent. The company has an order book of Rs 91,006 million (Rs 9,100.60 crore) as of June 2024.
The stock’s 52-week high is Rs 1,800 and its 52-week low is Rs 480.65. The stock gave multibagger returns of over 200 per cent in just 1 year whereas BSE Sensex Index is up by 26.3 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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