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Tecpro Systems surges on bagging order worth Rs 369.30 crore

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

30 Jul 2012 Evaluate

Tecpro Systems is currently trading at Rs. 154.95, up by 2.95 points or 1.94% from its previous closing of Rs. 152.00 on the BSE.

The scrip opened at Rs. 153.95 and has touched a high and low of Rs. 157.85 and Rs. 153.50 respectively. So far 5540 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 296.80 on 02-Aug-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. 157.85 and Rs. 148.75 respectively. The current market cap of the company is Rs. 781.08 crore.

The promoters holding in the company stood at 52.63% while Institutions and Non-Institutions held 22.68% and 24.70% respectively.

Tecpro Systems has secured various orders aggregating worth Rs 369.30 crore across its diversified service offering. The contract includes order from Meja Urja Nigam worth Rs 162 crore for supply of ash handling system including inland transportation, insurance, installation, commissioning and consulting guarantees tests. The company has also bagged order worth Rs 80.70 crore from BHEL for 2x660MW Meja Thermal Power Project in Allahabad, UP.

Meanwhile, the company has won order worth Rs 77.50 crore from Jindal India Thermal Power for its upcoming 2x600MW coal based ThermalPower Plant in Angul district in Odisha. The firm also received order worth Rs 29.10 crore from Maharashtra State Power Generation Company to supply balance of plant package for energy efficient renovation and modernization of 210MW unit-6 Koradi Thermal Power Station.

Further, the company has secured order worth Rs 20 crore from IOT Infrastructure and Energy Services for 1x300MW Coal based Thermal Power Plant of Maruti Clean Coal Power in Korba district in Chhattisgarh.

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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Tecpro Systems surges on bagging order worth Rs 369.30 crore

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