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Technofab Engineering soars on receiving LOA for two projects worth Rs 262 crore

09 Dec 2014

Technofab Engineering is currently trading at Rs. 148.10, up by 10.70 points or 7.79% from its previous closing of Rs. 137.40 on the BSE.

The scrip opened at Rs. 140.00 and has touched a high and low of Rs. 149.30 and Rs. 140.00 respectively. So far 2,462 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 167.00 on 04-Jul-2014 and a 52 week low of Rs. 59.00 on 21-Feb-2014.

Last one week high and low of the scrip stood at Rs. 149.30 and Rs. 132.00 respectively. The current market cap of the company is Rs. 155.00 crore.

The promoters holding in the company stood at 48.00% while Institutions and Non-Institutions held 8.26% and 43.73% respectively.

Technofab Engineering has received a Letter of Award (LOA) for Rs 54 crore for a waste water rehabilitation project in Kenya and for Rs 208 crore for a rural electrification project in Bihar. The combine value of this tow projects are Rs 262 crore and with this the total order book of the company has crossed Rs 1500 crore.

Technofab Engineering was incorporated in the year on July 20, 1971 in New Delhi. It is an ISO 9001:2000 accredited company for engineering, procurement and construction (EPC) of engineered systems on complete turnkey basis in core, energy and infrastructure sector projects.

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SEBI Registered: Investment Adviser - INA000013323