The company announced new order during trading hours today, 27 May 2013.
Meanwhile, the S&P BSE Sensex was up 144.43 points or 0.73% at 19,848.76.
On BSE, 16,000 shares were traded in the counter as against average daily volume of 5,047 shares in the past one quarter.
The stock hit a high of Rs 79.90 and a low of Rs 72.05 so far during the day. The stock had hit a record low of Rs 71.60 on Friday, 24 May 2013. The stock had hit a 52-week high of Rs 179.10 on 25 May 2012.
The stock had underperformed the market over the past one month till 24 May 2013, sliding 22.99% compared with the Sensex's 2.74% rise. The scrip had also underperformed the market in past one quarter, declining 45.15% as against Sensex's 2.01% gain.
The small-cap company has equity capital of Rs 50.47 crore. Face value per share is Rs 10.
Tecpro Systems' wholly owned subsidiary, Eversun Energy, engaged in the business of EPC (engineering, procurement and construction) for solar power projects, received order worth Rs 34.68 crore for its solar EPC business from NTPC. The EPC order is for 5 megawatts (MW) solar photovoltaic (SPV) power plant of NTPC at Faridabad, Haryana. The scope of the work under the contract include design, engineering, supply, erection, testing and commissioning of the plant on turnkey basis along with operation & maintenance.
Commenting on the development, Mr. Amul Gabrani, Vice-Chairman & MD, Tecpro Systems said, "We are pleased with the progress in our endeavour of diversifying our business in the EPC segment. We see a lot of potential in solar power sector as the government has stepped up its efforts to tap the solar power potential of India. With a slew of projects coming up to meet our National Solar Mission targets, we are optimistic of getting more EPC orders in the coming years".
Tecpro Systems acquired Eversun Energy in February 2012, making a foray into high potential renewable energy (solar) segment. Eversun is focused on providing photovoltaic systems on EPC basis, widely used in both residential and commercial applications.
Tecpro Systems' net profit fell 65.5% to Rs 5.07 crore on 4.1% decline in net sales to Rs 599.47 crore in Q3 December 2012 over Q3 December 2011.
Tecpro Systems is an EPC company. The company designs, engineers, manufactures, sells, commissions and services a range of material handling and ash handling systems and equipment for the core infrastructure related sectors like power, steel, cement and other industries.
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