Tecpro Systems rockets on bagging order worth Rs 119.70 crore from APPDCL

Tecpro Systems Ltd. | Engineering - Industrial Equipments | Capital Goods & Industrial Consumables | BSE: 533266 | NSE: TECPRO

05 Mar 2012 Evaluate

Tecpro Systems is currently trading at Rs. 173.20, up by 8.10 points or 4.91% from its previous closing of Rs. 165.10 on the BSE.

The scrip opened at Rs. 165.40 and has touched a high and low of Rs. 176.60 and Rs. 163.50 respectively. So far 31927 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 328.00 on 03-May-2011 and a 52 week low of Rs. 141.00 on 03-Jan-2012.

Last one week high and low of the scrip stood at Rs. 176.60 and Rs. 162.10 respectively. The current market cap of the company is Rs. 825.50 crore.

The promoters holding in the company stood at 52.63% while Institutions and Non-Institutions held 21.38% and 25.99% respectively.

Tecpro Systems has received a letter of acceptance for an order worth Rs 119.70 crore from Andhra Pradesh Power Development Company (APPDCL) for 2X800 MW Sri Damodaram Sanjeevaiah Thermal Power Station at Nellore.

The company with high operational expertise in 3 core functional areas of any project i.e. design and engineering, manufacturing and execution, will undertake design, engineering, manufacturing, erection, testing and commissioning of the complete external coal conveying system and equipment to be installed between Krishnapatnam port to SDSTPS plant crusher house including civil, structural, mechanical, electrical, control and instrumentation works for 2X800 MW Sri Damodaram Sanjeevaiah Thermal Power Station at Nellore.

Tecpro Systems is a leading Engineering Procurement and Construction (EPC) company providing comprehensive range of services in Material Handling to Steel, Cement, Ports, Mining and other industries in Infrastructure sector and coal handling and ash handling, Balance of Plant (BoP) packages for Power Sector.

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