Techno Electric’s Simran Wind Projects achieves financial closure for 100MW wind energy generation

Techno Electric & Engineering Company Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 542141 | NSE: TECHNOE

20 Jun 2011 Evaluate

Techno Electric & Engineering Company (TEECL) has achieved financial closure for the first phase of 100MW wind energy generation project in Tamil Nadu. Simran Wind Project, a wholly owned subsidiary of TEECL has bought in International finance Corporation (IFC), the investment arm of the World Bank as major investor.

IFC has made total investments of $35 million, which is a mix of debt and equity wherein equity investments by IFC is $5 million, which translates into 3.38% stake in Simran Wind Projects. The remaining $30 million comes in the form of debt. With this deal, TEECL’s stake in Simran Wind will reduce to 96.62%. Along with IFC, leading foreign banks Standard Chartered Bank & DBS Bank are financing the project in the form of debt by investing $30 million and $20 million respectively. TEECL will be contributing $48.33 million (Rs 218 crore) in the equity portion.

The agreements were signed by TEECL which marked the financial closure of Phase I. The total project cost for generating 100MW of wind energy is $133.33 million (Rs 600 crore). Total debt financing amounts to $80 million (Rs 360 crore) and equity investment amounts to $53.33 million (Rs 240 crore). The debt-equity ratio for the project stands at 60:40, with Simran Wind Projects valued at $148 million approximately.

Out of the total 100MW, Simran Wind Projects has already commissioned 37.5MW compromising of 18 wind turbine generator of 15MW each and 5 wind turbine generator of 2.1Mw each. All 37.5Mw are in a Power Purchase Agreement with the Tamil Nadu Generation & Distribution Company (TANGEDCO) under the REC scheme. Out of 37.5MW, 27.95MW has been registered for REC mechanism and the remaining 9.55Mw are expected to be registered very soon. Simran Wind Projects is set to commission the entire 100MW of the project by mid July, 2011.

Techno Electric &Eng Share Price

1260.25 -18.70 (-1.46%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Larsen & Toubro	3973.60
Rail Vikas Nigam	305.00
NCC	169.85
KEC International	598.10
Kalpataru Projects	1274.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.