Power Infra EPC Company Teams Up with RailTel for 10MW Data Centre; Stock Delivers Over 420 Per Cent Returns in 3 Years
The stock has delivered a remarkable 420.57 per cent return over three years.
Techno Electric & Engineering Company Limited (TEECL), a leading player in the power infrastructure sector, has partnered with RailTel Corporation of India Ltd. to develop a 10MW Data Centre in Noida. The project will be executed under TEECL’s digital arm, Techno Digital, and marks a significant step into the high-growth data centre segment. The project will be built on RailTel’s land in a phased manner over 1.5 to 3 years, under a revenue-sharing model. While exact financials are undisclosed, this managed service contract reflects Techno Electric’s strategic diversification beyond its core Engineering, Procurement, and Construction (EPC) business.
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The company is aggressively expanding its digital infrastructure portfolio, which includes a 24MW data centre under development in Chennai and upcoming projects in Kolkata, Mumbai, and Noida. This expansion is in line with TEECL’s efforts to complement its stronghold in EPC, which accounted for 93 per cent of its revenue in Q1 FY25. The EPC business has shown an 82 per cent year-on-year growth in FY24, backed by a solid order book of Rs 9,100 crore as of the first quarter of FY25.
Techno Electric’s market capitalization currently stands at Rs 16,773 crore. As of June 03, 2025, the company’s stock was trading at Rs 1,458, with a 52-week high of Rs 1,779.5 and a 52-week low of Rs 897.15. Although the 1-year return is modest at 1.47 per cent, the stock has delivered a remarkable 420.57 per cent return over three years, establishing itself as a potential multibagger in the Mid-Cap segment. The current Price-to-Earnings (PE) ratio is 43.32, reflecting investor confidence in its long-term prospects.
Established as a major force in India’s power infrastructure space, TEECL has completed over 400 projects across power generation, transmission, and distribution, both domestically and internationally. It continues to explore opportunities in advanced metering infrastructure and greenfield transmission through collaborations such as its partnership with Indigrid. With a strong project pipeline and strategic diversification, Techno Electric aims to maintain momentum in revenue growth and market positioning.
Disclaimer: The article is for informational purposes only and not investment advice.