Technofab Engineering Bags New Orders

Construction and Engineering company, Technofab Engineering Limited has bagged three orders from Power Grid Corporation of India Limited for about Rs 255 cr, in the state of Tripura. All the three orders belong to rural electrification sector and works related to 33/11 subsections and associated lines.

It has also received one order from the Ministry of Agriculture and Animal Resources, Kigali, Rwanda for construction contract related to establishment of Centre of Excellence in Farm Mechanisation for USD 12.29 million, exclusive of taxes and duties in Rwanda. The order has a timeline of one year for completion.

The stock traded almost flat with slightly positive bias in Monday’s trading session. BSE Realty index also closed flat at 1588 levels on Monday. There was no strong movement in the realty stocks on Monday.

Technofab has given healthy gains of nearly 28% for the past one year. However, on a YTD basis, the stock lost nearly 3%. It has PE ratio of 16.25 and TTM EPS of Rs 11.53.

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About Suhani Varma