Techno Electric transfers 12 MW Wind Power Assets to Simran Wind Project

17 Mar 2017 Evaluate

Techno Electric & Engineering Company has transferred 12 MW Wind Power Assets situated in the State of Karnataka to its wholly owned subsidiary company, Simran Wind Project against issue of shares in the subsidiary company. The effective valuation of the said assets is Rs 45.65 crore. Post this transfer, the company doesn’t hold any wind power assets in its portfolio and the wind power assets of its subsidiary, Simran Wind Project increased to 129.9 MW.

Techno Electric & Engineering Company is a provider of engineering, procurement and construction (EPC) services to core sector industries in India. The company’s segments are EPC (Construction), Energy (Power) and Corporate.



Techno Electric &Eng Share Price

765.00 26.10 (3.53%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3774.10
Rail Vikas Nigam 252.95
KEC International 694.00
Kalpataru Projects 1075.45
NCC 232.40
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.