Shares of industrial machinery firm Tecpro Systems spurted by over 8 per cent in early trade on the BSE on Tuesday after the company received a Rs 256 crore order from state-owned NTPC for supply and installation of a coal handling plant in Jharkhand.
Reacting positively to the move, shares of Tecpro rose by 8.37 per cent to touch a one-month high of Rs 311.90 on the Bombay Stock Exchange (BSE).
In a similar fashion, the stock surged by 8.71 per cent to touch an early high of Rs 313 on the National Stock Exchange.
The scope of work under the order includes engineering, manufacturing, transportation and commissioning of the coal handling plant package for the Pakri Barwadih Coal Mining Block, situated in Hazaribagh district of Jharkhand.
Tecpro Systems is an established EPC company engaged in providing turnkey solutions in bulk material handling systems, ash handling systems, balance of thermal power plant, captive power plants and pollution control systems.
Meanwhile, the BSE benchmark index Sensex was trading lower by 27.06 points at 19,674.67 at 1030 hours on Tuesday.