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Fundraise / allotmentNotable· Adverse for the businessFiled on BSE ·

Techno Electric: CARE report on ₹1,250 crore QIP shows ₹200 crore moved to data centre

Techno Electric & Engineering Company · Construction

Arthneeti Research DeskPublished 1 min read
₹1,250 CrFundraise / allotment

Key highlights

  • QIP issue size was ₹1,250 crore (July 16 to July 19, 2024); CARE monitors ₹1,224.93 crore of proceeds for the quarter ended June 30, 2026
  • ₹200 crore for NERGS-I was cut after the Government of India cancelled the project; the Techno Infra Developers Chennai data centre allocation rose from ₹350 crore to ₹550 crore
  • ₹1,128.14 crore utilised by quarter end and ₹96.79 crore unutilised, held in mutual funds; ₹90.28 crore was invested in NERES XVI during the quarter

Why it's rated notable: order cancellation is always high

Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.

Original filing

Announcement under Regulation 30 (LODR)-Monitoring Agency Report

Read the filing on BSE (PDF) →

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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.