Upper Circuit Alert: Consulting services company bags order worth Rs 2,29,50,079 from Maharashtra Pollution Control Board
DSIJ Intelligence-1Categories: Mindshare, Trending
The shares of the company have an ROE of 25 per cent and an ROCE of 29 per cent.
On Wednesday, shares of Techknowgreen Solutions Ltd hit a 2 per cent upper circuit to Rs 193.85 per share from its previous closing of Rs 190.05 per share. The stock’s 52-week high is Rs 349 per share and its 52-week low is Rs 125.60 per share.
Techknowgreen Solutions Limited has been awarded a significant domestic work order from the Maharashtra Pollution Control Board (MPCB), valued at Rs 2,29,50,079 (excluding GST). This contract involves providing third-party assessment, evaluation, and reporting services for the Majhi Vasundhara Abhiyan 5.0 initiative. The scope of work includes document verification, performance evaluation of Urban Local Bodies (ULBs) and Panchayati Raj Institutions (PRIs), preparation of rankings, daily reporting, and issue resolution coordination with the Majhi Vasundhara team. Payment for the order will be released upon the completion of the entire scope of work, and the execution timeline is structured with key milestones: resource mobilisation within T0 + 5 days, document verification by T0 + 25 days, and submission of the ranking report by T0 + 30 days, where T0 is the work order issuance date.
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About the Company
Techknowgreen Solutions Ltd (TGSL), a leading environmental IT solutions provider, was established in 2001. With a strong focus on sustainability and regulatory compliance, TGSL offers a comprehensive range of services, including Environmental Impact Assessment, ESG and Climate Change consulting, Environmental Compliance management, Due Diligence assessments, DPR and Designing, and Environmental Crime Investigation. The company has successfully executed over 2,500 projects across various sectors, leveraging cutting-edge software applications and innovative technologies to address complex environmental challenges. TGSL's commitment to excellence is reflected in its ISO 9001-2015 certification and NABET accreditation.
The company has a market cap of Rs 143.11 crore and the order book stands at Rs 35.10 crore. The stock is up over 50 per cent from its 52-week low of Rs 125.60 per share. The shares of the company have an ROE of 25 per cent and an ROCE of 29 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.