Techno Electric & Engineering Company Ltd selected by RailTel as Managed Service Data Centre Partner

Techno Electric &Engineering Company Limited (“Techno Electric”) has been selected by RailTel Corporation of India Ltd. (RailTel), a "Navratna" Central Public Sector Enterprise, 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.

The project will be set up under the digital platform arm of Techno Electric & Engineering Company Limited, named Techno Digital.

Shares of Techno Electric & Engineering Company Limited was last trading in BSE at Rs. 1460.60 as compared to the previous close of Rs. 1442.25. The total number of shares traded during the day was 44185 in over 3633 trades.

The stock hit an intraday high of Rs. 1500.00 and intraday low of 1436.45. The net turnover during the day was Rs. 64779830.00.

Source : Equity Bulls

Keywords

TechnoElectricandEngineeringCompany INE285K01026 OrderWin RailTel