Techno Electric & Engineering Company has submitted its monitoring agency report for the quarter ended June 30, detailing the utilization of proceeds from its Rs 1,250 crore Qualified Institutional Placement (QIP). The report, prepared by CARE Ratings Limited, reveals that the company did not utilize any funds during the quarter, with no deviations from the stated objectives of the issue.

QIP Proceeds and Utilization

The QIP, conducted from July 16-19, raised funds for various strategic investments:

As of June 30, the company has utilized Rs 831.89 crore of the total proceeds, leaving Rs 393.04 crore unutilized.

Investment of Unutilized Funds

The unutilized funds have been invested in various mutual funds, earning returns between 7.33% to 7.51%. The investments are as follows:

• Kotak Savings Fund-Dir Plan-Gr: Rs 32.34 crore
• DSP Ultra Short Fund-Dir-G: Rs 14.89 crore
• HDFC Ultra Short Fund-Dir Gr: Rs 83.31 crore
• ICICI Ultra Short-Term Fund DP Growth: Rs 131.24 crore
• Axis Ultra Short Duration Fund - Direct Growth: Rs 131.25 crore

Project Status and Challenges

The company faces some challenges in the implementation of its projects:

1. NERGS-1 Project: Techno Electric is still awaiting government approvals for the NERGS-1 license.
2. NERES XVI Project: Land acquisition is ongoing in various locations across North-Eastern States.
3. TBCB Projects: Only Rs 6.96 crore has been utilized against the allocated Rs 400 crore.

Completed Investments

Techno Electric has successfully completed investments in two key areas:

1. AMI Solutions Subsidiaries: The full allocation of Rs 200 crore has been invested.
2. Data Center Subsidiary: The entire Rs 350 crore allocated for the Chennai data center has been utilized.

The company's board of directors will continue to oversee the utilization of the remaining funds in accordance with the stated objectives and regulatory requirements. Investors and stakeholders will be keenly watching the progress of pending approvals and land acquisitions, which are crucial for the full implementation of the QIP-funded projects.

Techno Electric & Engineering Company Limited , a prominent player in the engineering and construction sector, has unveiled ambitious growth projections for the coming years, signaling a robust outlook for the company's financial performance.

Revenue Targets and Growth Projections

The company has set its sights on achieving a revenue of ₹3,500.00 crores for the fiscal year 2026 (FY26). This target is complemented by an even more optimistic outlook for FY27, with the company expecting a 25% growth over the FY26 figures.

Techno Electric's management has expressed confidence in sustaining a 40-50% Compound Annual Growth Rate (CAGR) over the next two years. This projected growth trajectory is underpinned by the company's strong order book, which provides a solid foundation for future revenue streams.

Earnings Per Share Forecasts

In line with its revenue projections, Techno Electric has also provided earnings per share (EPS) forecasts:

These EPS projections suggest a significant improvement in the company's profitability over the next two fiscal years.

Monthly Revenue Targets

For the current fiscal year, Techno Electric is aiming to achieve a monthly revenue of ₹300.00 crore. This target represents a substantial increase from the ₹200.00 crore monthly revenue anticipated in FY25, indicating the company's aggressive growth strategy.

Data Center Segment

Techno Electric is also focusing on diversifying its revenue streams, with particular emphasis on the data center segment. The company expects its data center revenue to reach ₹25.00-30.00 crore in FY26. Moreover, management has indicated that this segment is poised to gain even more importance in FY27, potentially becoming a significant contributor to the company's overall growth.

Corporate Governance and Investor Relations

In a recent corporate filing dated August 13, 2025, Techno Electric demonstrated its commitment to transparency and shareholder engagement. The company announced the availability of a transcript from an Investor's/Analyst Presentation on its financial results for the quarter ended June 30, 2025. This presentation can be accessed through the company's website, providing stakeholders with detailed insights into Techno Electric's performance and strategy.

Additionally, the company has scheduled its 20th Annual General Meeting for September 23, 2025, to be held via video conferencing, adhering to regulatory guidelines and ensuring shareholder participation despite potential physical constraints.

As Techno Electric & Engineering Company Limited embarks on this ambitious growth journey, investors and industry observers will be keenly watching the company's ability to execute its plans and achieve these projected milestones in the dynamic engineering and construction sector.