Latest news with #TechnoElectric
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Business Standard
6 days ago
- Business
- Business Standard
Why did Techno Electric's share price rise over 3% today? Find out here
Techno Electric share price rose after it was selected by RailTel Corporation, as managed service data centre partner via open tender process on revenue sharing basis. SI Reporter New Delhi Techno Electric & Engineering share price: Techno Electric & Engineering (Techno Electric) shares rose up to 3.31 per cent to hit an intraday high of ₹1,509 per share. At 12:50 PM, Techno Electric share was off day's high, and was trading 0.90 per cent higher ay ₹1,473.75 per share. In comparison, BSE Sensex was trading 0.26 per cent higher at 80,951.03 level. Why did Techno Electric share price rise in trade today? Techno Electric share price rose after it was selected by RailTel Corporation, as managed service data centre partner via open tender process on revenue sharing basis to design, build, finance and operate 10MW data centre in phases on RailTel Corporation's land in Noida. The company said that the project will be set up under the digital platform arm of Techno Electric, Techno Digital. In an exchange filing, Techno Electric said, 'This is to inform you that Techno Electric & Engineering Company has been selected by RailTel Corporation of India, 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 period for executing the project is 1.5 to 3 years in two phases of 5 MW each, Techno Electric said, in a statement. 'The contract is based on a fixed percentage of revenue share. The quantum of earnings cannot be determined at this stage,' Techno Electric added. About Techno Electric Techno Electric & Engineering Company is among the leading Indian power infrastructure players with a strong presence across the entire power value chain—generation, transmission, and distribution. The company specialises in engineering, procurement, and construction (EPC) services, along with asset ownership and operations & maintenance. It has made a name for itself in executing high-quality, large-scale power projects and is also a key independent renewable energy producer, operating wind power plants in Tamil Nadu and Karnataka. Beyond traditional power infrastructure, Techno Electric has diversified into strategic areas such as flue gas desulphurisation (FGD), advanced metering infrastructure (AMI), and digital infrastructure. It has launched initiatives to develop a nationwide network of hyperscale and edge data centres. The company is also actively engaged in public-private partnerships (PPP), especially in transmission projects, and has expanded its footprint beyond India through international collaborations.
Business Standard
02-06-2025
- Business
- Business Standard
RailTel Corp picks techno electric as managed service partner for Noida data centre
RailTel Corporation of India said that that it has selected Techno Electric & Engineering Co (TECL) as its managed service data centre partner through an open tender process. Under the partnership, a 10MW data centre will be developed in phases on RailTels land in Noida, based on a revenue-sharing model. A letter of intent (LOI) has been issued to Techno Electric in this regard. The duration of the contract is 30 years, including the implementation period, and may be further extended with mutual consent between RailTel and Techno Electric. As this is a revenue-generating contract, RailTel will receive a fixed percentage of revenue shares. The exact quantum of earnings cannot be determined at this stage. The firm stated that no, the promoter, promoter group, or group companies have no interest in the entity to whom the contract has been awarded. RailTel Corporation of India, a 'Navratna' central public sector enterprise, is one of the largest neutral telecom infrastructure providers in the country, owning a Pan-India optic fiber network covering several towns & cities and rural areas of the country. The companys standalone net profit jumped 46.33% to Rs 113.45 crore in Q4 FY25 as compared with Rs 73.53 crore in Q4 FY24. Shares of RailTel Corporation of India shed 0.35% to Rs 397.10 on the BSE.
Business Upturn
06-05-2025
- Business
- Business Upturn
Techno Electric unveils ‘Techno Digital' with $1 billion investment plan, targets 250 MW data center capacity
By Aditya Bhagchandani Published on May 6, 2025, 10:26 IST Techno Electric & Engineering Company Limited has officially launched its wholly owned digital infrastructure subsidiary, Techno Digital Infra Pvt Ltd, with an ambitious investment of USD 1 billion. The company aims to develop a network of hyperscale and edge data centers with a cumulative capacity of 250 MW across India. The initiative is aligned with India's Digital India mission and will start with a 36 MW hyperscale data center in Chennai's SIPCOT IT Park. The facility will integrate renewable energy and advanced energy-efficient solutions like Battery Energy Storage Systems and adiabatic cooling. Additionally, Techno Electric has entered into a strategic partnership with RailTel Corporation of India Ltd to set up 102 edge data centers across 23 states. These deployments are intended to enhance low-latency computing across Tier 2 and Tier 3 cities, supporting sectors such as AI, BFSI, telecom, OTT, e-sports, healthcare, and e-governance. Company officials emphasized that the venture is not just about building infrastructure but about enabling India's digital revolution. The company's strong foundation in EPC and power infrastructure provides a robust platform for this digital pivot. With this move, Techno Electric is positioning itself as a leading player in India's rapidly expanding digital and data infrastructure landscape. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
