Shares of Techno Electric & Engineering Company surged 12 per cent to Rs 314.50 on the BSE in Wednesday’s intra-day trade after the company said it has secured new orders worth Rs 1,455 crore for Flue Gas Desulfurization (FGD) from Rajasthan Rajya Vidyut Utpadan Nigam.
Of this, the company received Rs 666-crore order from Rajasthan Rajya Vidyut Utpadan Nigam, Kota (1×210 MW +2 X 195 MW) and Rs 789-crore from the Rajasthan Rajya Vidyut Utpadan Nigam, Jhalawar (2x 600 MW).
At 09:29 AM, the stock of the engineering, designing & construction company was trading 9 per cent higher at Rs 306.10. In comparison, the S&P BSE Sensex was up 0.27 per cent at 60,002 levels. The stock had hit a 52-week high of Rs 319.90 on July 7, 2022
