Technofab Engg wins orders worth Rs. 389 crore
Technofab Engineering, an engineering procurement and construction services company, reported in a press release that it has won two new turnkey projects worth Rs. 389 crore in the electrical sector.
The first turnkey project is for the construction of 33/11 CV substations along with associated lines and related works for Srinagar in the state of Jammu & Kashmir. The second project involves turnkey construction of High Voltage Distribution Systems (HVUS) for the Barrackpur & Naihati Divisions of North 24 Parganas in West Bengal. These orders are worth Rs. 389 crore.
Technofab Engineering is a Delhi-based company which is involved in providing engineering procurement and construction services. It serves power, oil and gas and other industrial infrastructure undertakings.
After this recent update, the company’s stock spurt up by 3.75 per cent from it’s last close to trade at Rs. 135.65 per share on BSE, while the BSE Sensex traded at 34,942, down by 70 points on Monday.