Techno Electric & Engineering Company Limited has informed the Exchange about Bagging/Receiving of orders/contracts
TECHNOE · price
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Awaiting price reaction for this filing.
Techno Electric has been selected by RailTel Corporation of India (a Navratna Central Public Sector Enterprise) as the Managed Service Data Centre Partner through an open tender. The company will design, build, finance, and operate a 10MW Data Centre in phases on RailTel's land in Noida on a revenue-sharing basis. The project will run for 30 years (including implementation) with execution spread over 1.5 to 3 years in two phases of 5MW each. The work will be carried out through the company's digital platform arm, Techno Digital. The exact earnings cannot be quantified yet as it depends on revenue share.
This is a long-term, strategic government-backed order that diversifies Techno Electric into the data centre business through its Techno Digital arm, providing a stable revenue stream for up to 30 years. Likely positive for investor sentiment, though exact revenue impact is not disclosed yet.