Tecpro Systems jumps on securing new order

Stock up 3.4%

Tecpro Systems is trading higher by 3.4% at Rs 159 in an otherwise weak market after the company reported that its subsidiary Tecpro Systems (Singapore) Pte Ltd has received order worth US $32.7 million.

The company informed BSE Tecpro Systems (Singapore) Pte Ltd, a wholly owned subsidiary of Tecpro Systems received order worth US $32.7 million from Hyundai Rotem Company, Korea.

"Tecpro Systems (Singapore) Pte Ltd secured letter of intent for supply of coal, limestone and ash handling system for the 500 megawatt Mong Doung 1 thermal power plant. The plant is owned by Electricity Vietnam and the Hyundai Engineering and Construction is the EPC contractor for the project," the company said in a press release.

The stock opened at Rs 155 and touched the intra-day high of Rs 161 in trades so far. There has been a more than two-fold surge in the trading volumes as 19,320 shares have changed hands compared to two-week average of 8,118 shares.