Techno Electric & Eng surges 5% on contract win from RailTel to build EDCs

Share price of Techno Electric & Engineering scaled up to Rs 1700.70, surging 4.84 per cent per share on the BSE in Monday’s intraday trade. This came following a contract win by the firm from state-owned RailTel Corporation of India.

The contract includes designing, building, financing, operating, and transferring Edge Data Centers (EDCs) across 102 cities in India. The contract extends over a twenty-year period with a possible five-year extension, the company said in an exchange filing on Monday.