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The transmission segment received orders worth Rs 709 crore. It includes 765kV AIS package (Substation) for Neemrana-ll from Sterlite worth Rs 199 crores, 765kV AIS substation package at Sikar from PGCIL for Rs 223 crore and substation package for Dausa and Beawar from PGCIL of Rs 288 crore.
The advance metering infrastructure (AMI) order worth Rs 1,041 crore received from RECPDCL for 7.27 lakh smart meters in Kashmir on DBFOOT basis.
Techno Electric & Engineering Company is a recognized company in the power sector. It provides engineering, procurement and construction services to the three segments of power sector including generation, transmission and distribution. The company is also engaged in generation of wind power through wind turbine generators in the states of Tamil Nadu & Karnataka.
The company’s consolidated net profit rose 25.45% YoY of Rs 73.78 crore in Q2 FY24. Revenue from operations surged 148.82% YoY to Rs 462.29 crore in Q2 FY24.
The scrip hit a life-time high of Rs 844.15 in today’s intraday session on the BSE.
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