Tecpro gets Rs 267-cr order from NTPC subsidiary

EPC firm Tecpro Systems has got a Rs 267.3 crore order from an NTPC subsidiary for supply of the entire coal handling plant package for its Muzaffarpur plant. The company "has received an order worth Rs 267.3 crore from Kanti Bijlee Utpadan Nigam, a subsidiry of NTPC, for the supply of coal handling plant package for Muzaffarpur Thermal Power Project, stage-II," the Gurgaon-based firm said in a BSE filing.

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Right from designing to commissioning, Tecpro Systems will do the entire coal handling project for the 2 X 195 MW plant. However, no execution timeline was given. "Post this order, we remain L1 (the lowest bidder) in orders worth Rs 350-400 crore and expect these orders to come in shortly," Tecpro's Vice-Chairman and Managing Director Amul Gabrani said. The scrips of the company were trading at Rs 148.95 per share during the afternoon session in BSE, down 0.77 per cent over the previous closing.

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