TEECL gains on bagging new orders worth over Rs 400 crore

TEECL is currently trading at Rs. 172.35, up by 2.45 points or 1.44% from its previous closing of Rs. 169.90 on the BSE. The scrip opened at Rs. 170.00 and has touched a high and low of Rs. 175.00 and Rs. 170.00 respectively. So far 7750 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 187.00 on 29-Apr-2014 and a 52 week low of Rs. 69.00 on 02-Aug-2013. Last one week high and low of the scrip stood at Rs. 187.00 and Rs. 159.00 respectively. The current market cap of the company is Rs. 995.39 crore. The promoters holding in the company stood at 59.28%, while Institutions and Non-Institutions held 3.34% and 37.38% respectively. Techno Electric & Engineering (TEECL), a leading EPC player in the Power Transmission and Distribution Sector, has secured new orders worth over Rs 400 crore. The  company  has received  first order for 765/400 KV Sub-Station Extension package for Solapur, Aurangabad, Kurnool & Raichur and 400 KV Package for Sagardighi and Behrampur Sub-Station Extension from PGCIL for Rs. 125 crore. The company has received second order for 400 KV GIS Sub-station package with associated line at Patran from Patran Transmission Company for Rs. 175 crore. The company has received third order for 220/132/33 KV Grid Sub-Stations at Sonenagar and Samastipur from Bihar State Power Transmission for Rs. 140 crore. TEECL continues to maintain order inflow from PGCIL, NTPC, reputed Utilities and International market in Africa Region. Techno Electric & Engineering Company, headquartered in Kolkata, is a leading EPC company in the power sector. It provides engineering, procurement and construction services to all the three segments of power sector namely generation, transmission and distribution.