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Tecpro Systems has bagged a Rs 95-crore order from South Korea’s SK Engineering and Construction (SKEC) for supply of the entire coal and fly ash handling systems for a power plant that it is building in the US.
“Tecpro Systems has received an international order worth $17.4 million from SKEC for Paco power plant (2X160 MW) in Panama (Central America),” the Gurgaon-based engineering firm said in a filing to the BSE.
The scope of the order includes designing, manufacturing and commissioning of the entire coal and fly ash handling systems for the power plant. However, no execution time-line was given.
SKEC is one of the top engineering, procurement and construction (EPC) firms in Korea and is involved in a number of EPC jobs in the power sector across the world.
“This order will increase Tecpro’s global presence across diversified geographies like Vietnam, Indonesia and South East Asia and Central America,” Tecpro’s Vice-Chairman and Managing Director Amul Gabrani said.
The company’s scrip was trading at Rs 150 per share during the afternoon session on the BSE, up 0.94 per cent over the previous closing.
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