Techno Electric to sell stake in Kohima Mariani Transmission

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

04 Jul 2019 Evaluate

Techno Electric & Engineering Company has entered into definitive agreements with CLP India to sell its stake in Joint Venture Company namely, Kohima Mariani Transmission (KMTL). The company's equity holding in KMTL is 26% and balance 74% equity is held by Kalpataru Power Transmission (KPTL).

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.

Peers

Company Name	CMP
Larsen & Toubro	3770.00
Kalpataru Projects	1376.45
NCC	130.30
Rail Vikas Nigam	203.00
KEC International	390.40
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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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: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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