You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Techno Electric inks MoU with Tamil Nadu Govt

Capital Market 

Techno Electric & Engineering Company said it signed a Memorandum of Understanding (MoU) with Government of Tamil Nadu on 16 February 2020, for the proposed development of a 25 MW data center along with ITeS facility in Chennai.

"Techno proposes to invest Rs 650 crore in the proposed project in the next 3 years," the company said in a filing issuing during market hours today, 17 February 2020.

The scrip was down 1.56% at Rs 279.95 on the BSE. It traded in the range of 275.30 and 284.05 so far during the day.

In the past three months, the stock has 31.05% while the benchmark Sensex has added 18.18% during the same period.

Techno Electric & Engineering Company is an engineering, procurement, and construction (EPC) player and green energy generator in the power sector.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, February 17 2021. 12:48 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU