Techno Electric & Engineering Buyback 2022
TEECL is a leading EPC services company in India’s power sector. The Company provides engineering, procurement, and construction services to all three industry segments(generation, transmission and distribution). It was engaged in setting up (in one capacity or other) over 50% of India’s thermal power generating capacity and a major portion of the national power grid. The Company also possesses specific domain knowledge that enables it to serve the EPC needs of power, steel, fertilizer, metals and petrochemicals sectors, among others.
The two major business segments of the Company’s presence comprise engineering, procurement and construction (EPC) for the power sector and power generation (non-conventional).
The Company is headquartered in Kolkata, West Bengal (India) with marketing offices in three Indian states.
The Company employs 400 professionals (engineering, commercial, graduates and postgraduates). The engineering team possessed an average experience of more than 29 years as on March 31, 2015.
Business Model of the Company
Power Generation> Transmission and Distribution > Industrial Sector
They provide EPC services to all three segments of India’s power sector – generation, transmission and distribution.
2. Wind Generation
They are an independent renewable energy producer with 129.9 MW wind energy capacity.
They are associated with building transmission linkages. They have a 25- year concession in consortium with Kalpataru Power for a transmission link at
Buy Back Offer Deal:
|Buyback Type:||Open Market|
|Buyback Offer Amount:||₹ 130 Cr.|
|Date of Board Meeting approving the proposal:||Jul 11 2022|
|Date of Public Announcement:||Jul 11 2022|
|Buyback Offer Size:||7.26%|
|Buyback Number of Shares:||40,00,000|
|Buyback Price:||₹ 325 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particular ( Cr. )||Mar-17||Mar-18||Mar-19||Mar-20||Mar-21||Mar-22|
|Profit before tax||70||271||268||216||232||326|
|EPS in Rs||0.63||2.31||17.16||16.28||16.53||23.99|
|Dividend Payout %||0%||0%||0%||0%||61%||8%|