Techno Electric & Engineering Company share price was trading flat on June 4 despite the company selected by the RailTel Corporation of India as service data centre partner.
At 09:36 am, Techno Electric & Engineering Company Ltd was quoting at Rs 1,460.80, down Rs 1.40, or 0.10 percent, on the NSE.
".... has been selected by RailTel Corporation of India, as managed service data centre partner though open tender process on revenue sharing basis to design, build, finance and operate 10MW Data Centre in phases on RailTel’s land in Noida, subject to fulfilling of certain conditions in the letter of intent and signing of the contract agreement," company said in its release.
The project will be set up under the digital platform arm of Techno Electric & Engineering company, named Techno Digital.
The period for executing the project is 1.5 to 3 years in two phases of 5 MW each.
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The share touched a 52-week high of Rs 1,822.00 and a 52-week low of Rs 785.15 on 15 October, 2024 and 07 April, 2025, respectively.
Currently, the stock is trading 19.82 percent below its 52-week high and 86.05 percent above its 52-week low.
The market capitalisation of the company stands at Rs 16,989.04 crore.
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