Tecpro Systems shoots up 4% on bagging order from Korea

Shares of Tecpro Systems, an engineering procurement and construction company surged 4% on Friday after its Singapore based subsidiary received order worth USD 32.7 million from Hyundai Rotem Company, Korea.

In a release sent to BSE, the company said, "Its wholly owned subsidiary Tecpro Systems (Singapore) Pte. Ltd. has received a letter of intent for order worth USD 32.7 million from Hyundai Rotem Company of Korea for the supply of coal, limestone & ash handling system for the 2 X 500 MW Mong Doung 1 thermal power plant project. The power plant is owned by Electricity Vietnam and the Hyundai Engineering & Construction are the EPC contractor of the project."

At 12:04 hours IST, the share was trading at Rs 160, up Rs 6.05, or 3.93% after hitting an intraday high of Rs 161.30 and low of Rs 151.05.
 
Its trading volumes too increased 367% to 18,580 shares as compared to its 5-day average of 3,975 shares.
 
Market capitalisation of the company currently stands at Rs 807.58 crore.