Techno Electric gains on winning contract to development 10MW data centre in Noida
Techno Electric & Engineering Company is currently trading at Rs. 1469.50, up by 8.90 points or 0.61% from its previous closing of Rs. 1460.60 on the BSE.
The scrip opened at Rs. 1500.00 and has touched a high and low of Rs. 1509.00 and Rs. 1452.05 respectively. So far 14460 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1824.95 on 15-Oct-2024 and a 52 week low of Rs. 795.00 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 1509.00 and Rs. 1405.05 respectively. The current market cap of the company is Rs. 17061.73 crore.
The promoters holding in the company stood at 56.92%, while Institutions and Non-Institutions held 33.83% and 9.24% respectively.
Techno Electric & Engineering Company has been selected by RailTel Corporation of India (RailTel), a ‘Navratna’ central public sector enterprise, as managed service data centre partner though open tender process on revenue sharing basis to setup 10MW data centre in phases on RailTel’s land in Noida, subject to fulfilling of certain conditions in the letter of intent and signing of the contract agreement.
Since the contract is based on a fixed percentage of revenue contract sharing, the quantum is unascertainable at this stage. The time period for completion of the project is 30 years (including 24 months of implementation period).
Techno Electric & Engineering Company (TEECL) is one of India’s most important power-infrastructure company. TEECL was established with a mission to provide comprehensive Engineering, Procurement and Construction (EPC) services to core sector industries in India.
