Techno Electric & Engineering Company Limited has informed the Exchange about Bagging/Receiving of orders/contracts
TECHNOE · price
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Techno Electric has been selected by RailTel Corporation of India Ltd., a government-owned 'Navratna' Central Public Sector Enterprise, to set up a 10MW Data Centre in phases on RailTel's land in Noida. The arrangement is on a revenue sharing basis through an open tender, with the contract spanning 30 years including a 24-month implementation period. Because the deal is structured as a percentage of revenue, the exact contract value has not been disclosed and remains unascertainable at this stage. This marks a strategic entry for Techno Electric into the data centre business, with a long-term recurring revenue stream tied to RailTel's land and infrastructure.
This is a positive development for shareholders as it provides a long-duration (30-year) recurring revenue opportunity through a government counterparty, reducing execution risk. The unascertainable quantum means short-term earnings impact is limited, but the strategic diversification into data centres could enhance long-term valuation.