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Tecpro Systems shines as its consortium bags order worth Rs 227 crore from Mahanadi Coalfields

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

04 Jun 2013 Evaluate

Tecpro Systems is currently trading at Rs. 66.20, up by 0.70 points or 1.07% from its previous closing of Rs. 65.50 on the BSE.

The scrip opened at Rs. 67.00 and has touched a high and low of Rs. 67.00 and Rs. 65.35 respectively. So far 1,263 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 174.20 on 04-Oct-2012 and a 52 week low of Rs. 64.35 on 03-Jun-2013.

Last one week high and low of the scrip stood at Rs. 76.90 and Rs. 64.35 respectively. The current market cap of the company is Rs. 334 crore.

The promoters holding in the company stood at 52.63% while Institutions and Non-Institutions held 22.31% and 25.06% respectively.

Tecpro Systems in consortium with Tecpro Engineers and Gammon India has received a letter of intent for an order worth Rs 227 crore from Mahanadi Coalfields (MCL), a subsidiary of Coal India (CIL), for the supply of coal handling plant with SILO Loading Arrangement at Lingaraj OCP, Lingaraj Area of Talcher Coalfields.

The project marks Tecpro Systems’ foray into CIL and a significant addition to its ongoing mining projects involving bulk material handling.

The scope of work involves planning, design, engineering, construction, fabrication, supply, erection, commissioning and trial run of plant along with complete civil, structural, electrical and mechanical works of conveyor system. It also includes supply of SILO rapid wagon loading system along with allied auxiliary facilities such as dust suppression system, fire fighting system, plant cleaning system, illumination and communication system, etc. as per the requirement on turnkey basis.

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Tecpro Systems shines as its consortium bags order worth Rs 227 crore from Mahanadi Coalfields

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