Tecpro Systems' has secured an order worth Rs 119.70 crore from Andhra Pradesh Power Development Company.
This new led to gained nearly 7% touching the weekly high of Rs176.60.
Tecpro Systems said that it has received a letter of acceptance for an order worth Rs119.70 crore from Andhra Pradesh Power Development Company (APPDCL) for 2x800 megawatts (MW) Sri Damodaram Sanjeevaiah Thermal Power Station at Nellore.
Tecpro Systems will undertake design, engineering, manufacturing, erection, testing & commissioning of the complete External Coal Conveying System and Equipment to be installed between Krishnapatnam port to SDSTPS plant Crusher House including civil, structural, mechanical, electrical, control and instrumentation works for 2X800 MW Sri Damodaram Sanjeevaiah Thermal Power Station at Nellore, the company said in a statement.
Commenting on the new order, Mr Amul Gabrani, Vice-Chairman & Managing Director, Tecpro Systems said, 'We are pleased to announce this order in the coal handling space. Tecpro has always been a dominant player in material and coal handling space and we expect to further add new orders in this space shortly given our L1 positions. Our unique presence across the value chain makes me confident that once the macro-economic situation starts improving, we will be at the forefront to capitalize on the vast opportunities given our robust order book and proven execution capabilities'.
Tecpro Systems' net profit declined 26.2% to Rs14.68 crore on 35.6% growth in net sales to Rs625.17 crore in Q3 December 2011 over Q3 December 2010.
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This new led to gained nearly 7% touching the weekly high of Rs176.60.
Tecpro Systems said that it has received a letter of acceptance for an order worth Rs119.70 crore from Andhra Pradesh Power Development Company (APPDCL) for 2x800 megawatts (MW) Sri Damodaram Sanjeevaiah Thermal Power Station at Nellore.
Tecpro Systems will undertake design, engineering, manufacturing, erection, testing & commissioning of the complete External Coal Conveying System and Equipment to be installed between Krishnapatnam port to SDSTPS plant Crusher House including civil, structural, mechanical, electrical, control and instrumentation works for 2X800 MW Sri Damodaram Sanjeevaiah Thermal Power Station at Nellore, the company said in a statement.
Commenting on the new order, Mr Amul Gabrani, Vice-Chairman & Managing Director, Tecpro Systems said, 'We are pleased to announce this order in the coal handling space. Tecpro has always been a dominant player in material and coal handling space and we expect to further add new orders in this space shortly given our L1 positions. Our unique presence across the value chain makes me confident that once the macro-economic situation starts improving, we will be at the forefront to capitalize on the vast opportunities given our robust order book and proven execution capabilities'.
Tecpro Systems' net profit declined 26.2% to Rs14.68 crore on 35.6% growth in net sales to Rs625.17 crore in Q3 December 2011 over Q3 December 2010.
....more info