Techno Electric & Engineering Company Limited — Others, 15-05-2025: Monitoring Agency Report

Techno Electric & Engineering Company Limited has announced a board meeting to review the financial results for the quarter and half-year. CARE Ratings Limited, monitoring the company’s Rs. 1,250 Cr QIP proceeds, confirmed funds have been used as planned: Rs. 400 Cr for power transmission EPC, Rs. 200 Cr for AMI projects, Rs. 350 Cr for data center EPC, and Rs. 274.93 Cr for corporate purposes including vendor payments. Unutilized funds of Rs. 393.04 Cr are parked in ultra-short-term mutual funds with about 5.25% returns. Minor delays in land acquisition for North-East projects persist, though most approvals are secured.