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Techno Electric & Engineering – Improved Ordering Outlook To Lead The Way: ICICI Securities

Techno Electric and Engineering Company Ltd.’s FY22 annual report highlights its strong business from flue gas desulfurisation segment mainly led by states and private sector.

Techno Electric sees tremendous opportunities in the smart metering segment as India plans to install around 250 million smart metres by FY25 from 4.2 million as of April 2022.

Its future focus area is to develop 250 mega watt hyper-density data centre across India by 2030. It spent Rs 320 million on lease hold land in Chennai for the upcoming data centre project.

Free cashflow generation more than doubled to Rs 2.9 billion during the year on account of strong execution and improvement in working capital cycle.

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