Technofab Engineering gains 20% on order win worth Rs 281cr

General Electric employee Jim Jones assembles a GE90 engine at the GE Aviation Peebles Test Operations Facility in Peebles, Ohio, November 15, 2013. U.S. conglomerate General Electric Co posted a slightly better-than-expected rise in revenue on Friday propelled by its businesses selling oil pumps and jet engines, and said its order backlog again swelled to a record. Picture taken November 15, 2013. REUTERS/Matt Sullivan (UNITED STATES - Tags: SCIENCE TECHNOLOGY TRANSPORT BUSINESS) - RTX17I8M

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26 Aug, 2025 12:21

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Shares of Technofab Engineering has locked at 20 percent upper circuit on Wednesday on the back of order won worth Rs 281 crore.

There were pending buy orders of 17,750 shares, with no sellers available.

The company has received new order in the domestic water sector valued at Rs 281 crore

The project is funded by Asian Development Bank.

This order gives a further impetus to the company’s standing in the water sector, soon after securing orders in Bhutan and Uganda, and recently completed projects in Tanzania and Zimbabwe, company said in press release.

With this the order backlog of the company stands at approximately Rs 2000 crore of which the water sector now contributes close to 45 percent.

At 09:17 hrs Technofab Engineering was quoting at Rs 289.20, up Rs 48.20, or 20 percent.

It has touched a 52-week high of Rs 289.20.

Posted by Rakesh Patil