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Shares of industrial machinery firm Tecpro Systems spurted by over 8 per cent in the early trade on the BSE today after the company received a Rs 256-crore order from the state-owned NTPC for supply and installation of a coal handling plant in Jharkhand.
Reacting positively to the move, the scrip rose 8.37 per cent to touch a one-month high of Rs 311.90 on the Bombay Stock Exchange. In a similar fashion, it surged by 8.71 per cent to touch an early high of Rs 313 on the National Stock Exchange.
During the morning session, the scrip was trading higher by 7.33 per cent at Rs 308.90 on the BSE and up by 6.98 per cent at Rs 308 on the NSE.
The scope of work under the order includes engineering, manufacturing, transportation and commissioning of the coal handling plant package for the Pakri Barwadih Coal Mining Block situated in Hazaribagh district of Jharkhand.
Tecpro Systems is an established EPC company engaged in providing turnkey solutions in bulk material handling systems, ash handling systems, balance of thermal power plant, captive power plants and pollution control systems.
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