Techno Electric & Engineering Company Limited
Techno Electric & Engineering Company Ltd (TEECL) is engaged in providing Engineering, Procurement and Construction (EPC), asset ownership and operations and maintenance services in the power infrastructure industry.
What Techno files
- Others62
- Investor Meet14
- Board Meeting9
- Updates7
- Important4
- Dividend/Bonus2
Techno Electric & Engineering's promoter, Ankit Saraiya, gifted 200,000 equity shares (0.17%) to Techno Family Welfare Trust, a promoter group entity. This inter-se transfer involved no consideration, maintaining the overall promoter group's holding.
Techno Electric received Rs. 80 Cr as part payment against Sankhya Financial Services NCDs. The company is in discussions to resolve the residual balance, continuing to pursue outstanding dues.
Techno Electric & Engineering Co. confirmed no deviation in the utilization of Rs. 1250 crore raised via its Qualified Institutional Placement (QIP). Funds are being deployed as originally planned, ensuring transparency in capital allocation.
Techno Electric reallocated Rs 200 Cr of QIP funds from a cancelled North Eastern power project. Rs 165 Cr of these funds have been utilized this quarter for constructing a Chennai Data Centre. This indicates a strategic shift in capital allocation.
Techno Electric reports Q1 consolidated PAT of ₹136.12 Cr on ₹525.97 Cr revenue, boosted by ₹25.17 Cr from discontinued operations (LPS). Management expects to recover ₹90.6 Cr in overdue receivables from old projects; auditors concur.