Rs 9,705 Crore Order Book: Power Infrastructure Company Unveils Techno Digital with USD 1 Billion Investment to Power India’s Digital Infrastructure
The stock gave multibagger returns of over 400 per cent in just 5 years whereas the BSE Sensex Index is up by 155 per cent.
Techno Electric & Engineering Company Ltd. (TEECL), a well-established player in India's power infrastructure sector, has announced its foray into the digital infrastructure domain with the launch of its wholly-owned subsidiary, Techno Digital Infra Pvt Ltd. This strategic move is supported by a substantial investment of USD 1 billion, earmarked for the development of a comprehensive network of both hyperscale and edge data centres across India. Techno Digital aims to establish a total capacity of 250 MW, signifying a significant commitment to bolstering the nation's digital capabilities and aligning with the Indian government's Digital India initiative.
A key component of Techno Digital's nationwide strategy is a landmark partnership with RailTel Corporation of India Ltd. This collaboration will see the development of 102 Edge Data Centres strategically located in 102 cities across 23 Indian states. This ambitious project represents the largest deployment of its kind in India, with the goal of bringing low-latency computing resources closer to users, particularly in Tier 2 and Tier 3 cities. By decentralising data processing, this initiative is poised to empower various sectors, including artificial intelligence, banking and financial services, telecommunications, over-the-top media services, e-sports, healthcare, e-governance, and manufacturing.
Leveraging TEECL's extensive experience and expertise in engineering, procurement, and construction within the power sector, Techno Digital intends to build a network of data centres that prioritise efficiency, reliability, and environmental sustainability. This focus on eco-conscious infrastructure underscores the group's vision to become a pivotal contributor to India's ongoing data revolution. By deploying scalable and secure digital infrastructure in both metropolitan and non-metropolitan regions, Techno Digital aims to bridge the digital divide and foster widespread technological advancement across the country.
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About the Company
Techno Electric & Engineering Company Ltd (TEECL) is engaged in providing engineering, procurement and construction (EPC), asset ownership and operations and maintenance services in the power infrastructure industry. The company has a market cap of over Rs 12,000 crore and has been maintaining a healthy dividend payout of 24 per cent. The company has an order book of Rs 9,705 crore as of December 2024.
The stock’s 52-week high is Rs 1,825 and its 52-week low is Rs 795. The stock gave multibagger returns of over 400 per cent in just 5 years whereas the BSE Sensex Index is up by 155 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.