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Tecpro Systems jumps as solar unit secures new order

According to reports, Tecpro Systems’ wholly owned subsidiary, Eversun Energy, engaged in the business of EPC (engineering, procurement and construction) for solar power projects, received order worth Rs 34.68 crore for its solar EPC business from NTPC. The EPC order is for 5 megawatts (MW) solar photovoltaic (SPV) power plant of NTPC at Faridabad, Haryana. The scope of the work under the contract include design, engineering,  supply, erection, testing and commissioning of the plant on turnkey basis along with operation & maintenance.

Commenting on the development, Mr. Amul Gabrani, Vice-Chairman & MD, Tecpro Systems said, “We are pleased with the progress in our endeavour of diversifying our business in the EPC segment. We see a lot of potential in solar power sector as the government has stepped up its efforts to tap the solar power potential of India. With a slew of projects coming up to meet our National Solar Mission targets, we are optimistic of getting more EPC orders in the coming years”.

Tecpro Systems acquired Eversun Energy in February 2012, making a foray into high potential renewable energy (solar) segment. Eversun is focused on providing photovoltaic systems on EPC basis, widely used in both residential and commercial applications.

Tecpro Systems’ net profit fell 65.5% to Rs 5.07 crore on 4.1% decline in net sales to Rs 599.47 crore in Q3 December 2012 over Q3 December 2011.

Tecpro Systems is an EPC company. The company designs, engineers, manufactures, sells, commissions and services a range of material handling and ash handling systems and equipment for the core infrastructure related sectors like power, steel, cement and other industries.

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