Technofab Engineering surges on bagging orders worth Rs 320 crore

08 Jan 2014

Technofab Engineering is currently trading at Rs. 78.45, up by 1.05 points or 1.36% from its previous closing of Rs. 77.40 on the BSE.

The scrip opened at Rs. 78.00 and has touched a high and low of Rs. 78.45 and Rs. 78.00 respectively. So far 551 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 133.15 on 14-Jan-2013 and a 52 week low of Rs. 62.95 on 05-Dec-2013.

Last one week high and low of the scrip stood at Rs. 82.90 and Rs. 72.00 respectively. The current market cap of the company is Rs. 81.82 crore.

The promoters holding in the company stood at 47.43% while Institutions and Non-Institutions held 5.77% and 46.80% respectively.

Technofab Engineering has participated in executing two new orders, both of which are for Rural Water Supply Schemes being undertaken by the Government of Rajasthan through its Public Health Engineering Department. The scope involves water treatment, water pumping stations, storage reservoirs / elevated storage and pumping & distribution network that will benefit over 285 villages.

Technofab Engineering’s share of the two orders is approximately Rs 320 crore and is to be executed over 3 years followed by 10 years of Operation and Maintenance that will fetch additional revenues to the tune of Rs 43 crore.

Technofab Engineering was incorporated in the year on July 20, 1971 in New Delhi. It is an ISO 9001:2000 accredited company for engineering, procurement and construction (EPC) of engineered systems on complete turnkey basis in core, energy and infrastructure sector projects.

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