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Rs 7,000 crore order book: This Small-cap company partnered with Indigrid to develop two greenfield Interstate Transmission System (ISTS) projects
Rs 7,000 crore order book: This Small-cap company partnered with Indigrid to develop two greenfield Interstate Transmission System (ISTS) projects

Rs 7,000 crore order book: This Small-cap company partnered with Indigrid to develop two greenfield Interstate Transmission System (ISTS) projects

The stock gave multibagger returns of over 245 per cent in just 1 year whereas BSE Sensex Index is up by 22 per cent.

Prajwal Wakhare Article rating: 5.0

The company announced that it has partnered with Indigrid to collaboratively undertake development of two of the IndiGrid’s greenfield Interstate Transmission System (ISTS) projects and signed the Securities Subscription Cum Shareholders Agreement (“SSSHA"). Under this partnership, Techno Electric will co-develop and invest in IndiGrid’s two ISTS projects i.e. Ishanagar Power Transmission Limited (IPTL) and Dhule Power Transmission Limited (DPTL). Techno will invest minority capital and will also be responsible for the complete execution of the projects on a Lump Sum Turnkey (LSTK) basis.

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