Tecpro Systems jumps on securing order worth Rs 209 crore from Bukit Asam of Indonesia

Tecpro Systems is currently trading at Rs. 155.00, up by 5.35 points or 3.58 % from its previous closing of Rs. 149.65 on the BSE.

The scrip opened at Rs. 147.00 and has touched a high and low of Rs. 156.00 and Rs. 147.00 respectively. So far 7,240 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 277.00 on 16-Aug-2011 and a 52 week low of Rs. 123.00 on 07-Aug-2012.

Last one week high and low of the scrip stood at Rs. 156.00 and Rs. 145.55 respectively. The current market cap of the company is Rs. 782 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 received a letter of award for an order worth Rs 314 crore from Bukit Asam of Indonesia. The company will be executing the project in consortium with PT Yasa Industri Nusantara of Indonesia where its share of the order amounts to Rs 209 crore.

Tecpro Systems with high operational expertise in three core functional areas of any project i.e. Design & Engineering, Manufacturing and Execution, will undertake the EPC contract of coal handling facility and overland conveyors at Tanjung Enim, Sumatra, Indonesia.

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.