Techno Electric Shares Soars 10% on ₹4,000 Cr Order Win
On Monday, Techno Electric & Engineering received orders worth Rs. 4000 cr which led the company’s stock price to increase by 10% reaching Rs. 1067.
Stock price increase
Techno Electric & Engineering is known as India’s one of the leading power-infrastructure companies and has a market cap of more than Rs. 10,000 cr.
About the company
Techno Electric & Engineering has received orders from renowned players like Adani Transmission, Power Grid Corporation of India. The nature of these orders is engineering, procurement and construction (EPC). The company also received orders worth Rs. 1,750 cr in January this year.
New orders & Nature of work
The share price of Techno Electric & Engineering was trading in the range of Rs. 994 to Rs. 1038.50 on Tuesday's first half from the previous closing of Rs. 1019.05.