Techno Electric & Engineering Company is currently trading at Rs. 372.70, up by 12.60 points or 3.50% from its previous closing of Rs. 360.10 on the BSE.
The scrip opened at Rs. 370.90 and has touched a high and low of Rs. 375.90 and Rs. 366.00 respectively. So far 5889 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 379.35 on 20-Jan-2023 and a 52 week low of Rs. 221.00 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 375.90 and Rs. 336.00 respectively. The current market cap of the company is Rs. 4015.80 crore.
The promoters holding in the company stood at 61.16%, while Institutions and Non-Institutions held 27.64% and 11.20% respectively.
Techno Electric & Engineering Company has sold/disposed off 37.50 MW of its Wind Power Assets out of the 111.90 MW situated in Tamilnadu at an approximate consideration of Rs 158.93 crore and entered into MoUs for the sale of another 71.40 MW. The company had installed 111.90 MW wind power assets in the year 2011.
The sale of wind power assets is in line with its strategy to exit the wind energy business and invest in its future growth plans, including expanding its international presence. With the continuing momentum in divestment of long-term assets and non-core businesses, the company remains focused on executing its strategy of pursuing growth in targeted core EPC businesses.
Techno Electric & Engineering Company is one of India’s most important power-infrastructure company. The company was established with a mission to provide comprehensive Engineering, Procurement and Construction (EPC) services to core sector industries in India.
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