Kolkata-based Techno Electric & Engineering does stand out for a couple of reasons. For one there aren’t too many debt-free engineering procurement construction (EPC) companies that focus more on margins, profitability and cash flow rather than going after projects to beef up their order book. Techno Electric has been quite careful about choosing complex projects that come with higher profitability and cash flow. Techno Electric provides services to all the three segments within the power sector industry — generation, transmission and distribution. Apart from the power sector it also caters to the needs of steel, fertiliser, metals and petrochemicals sectors. The company ventured into renewable energy through acquisitions of wind assets in 2009. It currently has a total installed capacity of 130MW. As on FY17, EPC accounted for 89% of the company’s revenue and wind power brought in the balance 11%.
In FY17, the company’s revenues grew by 23% to ₹1,356 crore in FY17. In the last quarter alone, the company booked orders worth ₹500 crore. With a healthy order book position of ₹2,600 crore, the company is poised to sustain its growth momentum in the next couple of years.
The company’s discipline in both execution and choosing projects has held it in good stead. Even during FY10-14 — a period marked by heightened competitive intensity — Techno Electric showed res