Techno Electric & Engineering Company Ltd Share Price – NSE  / BSE

Infrastructure Developers & Operators, Small Cap

Techno Electric & Engg. Company announced that the Annual General Meeting (AGM) of the company will be held on 26 September 2024.

Powered by Capital Market - Live News

Techno Electric & Engg. Company announced that the Annual General Meeting (AGM) of the company will be held on 26 September 2024.

Powered by Capital Market - Live News

Accordingly, the company will establish EDCs in 102 Indian cities for RailTel Corporation under a 20-year concession agreement, extendable by five years.

Techno Electric stated that the Edge Data Centers in India will play a pivotal role in meeting the low latency and high bandwidth requirements that are essential for a range of applications, including digital skills, financial inclusion, digital health & literacy, Al, AR, Internet of Things (loT), content delivery, and cloud gaming. This infrastructure will ensure that customers receive optimal digital experiences, driving innovation and progress in various sectors.

Ankit Saraiya, director of Techno Electric & Engineering Company (TEECL), said: “This is a major milestone for us and a testament to our commitment to building digital infrastructure for the people of India.

We are bullish about digital empowerment in India, and this contract with RailTel will allow us to fulfil the needs of a rapidly growing digital population. We are honoured to be RailTel's Business Associate and look forward to a long association.”

Techno Electric & Engineering Company is a recognized company in the power sector. It provides engineering, procurement and construction services to the three segments of power sector including generation, transmission and distribution. The company is also engaged in generation of wind power through wind turbine generators in the states of Tamil Nadu & Karnataka.

The company’s consolidated net profit surged to Rs 98.10 crore in Q1 FY25 as compared with Rs 25.56 crore in Q1 FY24. Revenue jumped 37% YoY to Rs 375.37 crore during the quarter.

Powered by Capital Market - Live News

Techno Electric & Engineering Company (TEECL) has been awarded a contract to Design, Build, Finance, Operate, and Transfer Edge Data Centers (EDCs) by RailTel Corporation of India.

Techno Electric and Engineeringwill design, build, finance, operate, and transfer Edge Data Centers (EDCs) as a Business Associate of RailTel Corporation of India in 102 cities across India over a twenty-year concession period extendable by five years.

Edge Data Centers in India will play a pivotal role in meeting the low latency and high bandwidth requirements that are essential for a range of applications, including digital skills, financial inclusion, digital health & literacy, Al, AR, Internet of Things (IoT), content delivery, and cloud gaming. This infrastructure will ensure that customers receive optimal digital experiences, driving innovation and progress in various sectors.

In addition, Edge Data Centers will offer major benefits to Internet Service Providers (ISPs) and Content Delivery Networks (CDNs) by reducing latency and enhancing speed. This capability will enable more efficient content delivery, improve network performance, and support the increasing demand for high-quality, real-time services across the country.

Powered by Capital Market - Live News