Techno Electric shares hit 52-week high on winning Rs 1,750-crore orders

The share price surged 153 percent in the last 1 year.

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Shares of Techno Electric & Engineering Company touched a 52-week high, rising nearly 4 percent in the early trade on December 29 after the company bagged orders worth Rs 1,750 crore.

At 10:28am, Techno Electric & Engineering Company Ltd was quoting Rs 813.00, up Rs 29.05, or 3.71 percent, on the NSE.

The company has received transmission order of Rs 709 crore, including 765kV AIS Package (Substation) for Neemrana-II from Sterlite worth Rs 199 crore and 765kV AIS Substation Package for establishment of 765,400 kV, 2×1500 MVA at Sikar from PGCIL worth Rs 223 crore. It also includes substation package for (i) 765/400 kV Dausa and (ii) Extension of 765 kV Beawar from PGCIL worth Rs 288 crore.

The Advance Metering Infrastructure (AMI) segment received order of Rs 1,041 crore from RECPDCL for 7.27 Lakh Smart Meters in Kashmir on DBFOOT basis.

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In November, the company and Keppel Data Centres (India) Private Limited entered into a non-binding agreement to explore potential collaboration in a greenfield development of a data centre campus in India.

The share price surged 153 percent in the last one year.