The shares of one of India’s leading environmental compliance and consulting firms gained up to 10 percent after the company received a Purchase Work order amounting to Rs. 18 Crores.
With a market capitalization of Rs 245.11 Crores. Techknowgreen Solutions Ltd, On Tuesday, The shares were trading at Rs 332.00 a share, an increase of 3.27 percent from the previous closing price.
Techknowgreen Solutions Ltd. has received a Purchase Work order worth Rs. 18 crores from Duet India Hotel Pvt Ltd. The order is intended for environmental due diligence, sustainability evaluation, gap analysis, policy research toward de-carbonization pathways, final fire NOC and building, and representation and advisory services. The order must be completed within the allotted time, which is nine months, or until the scope of work is completed.
In the past 20 years, the company has completed more than 2,500 environmental projects, ranging from complex consulting projects to compliance, research, and the implementation of multiple environmental technology solutions.
TSL operates in the consulting and environmental technology sectors of an approximately $8 billion potential market in India. The consulting sector offers a $1.2 billion potential across compliance and sustainability segments, while the technology sector offers a $6.7 billion potential across WWT ($2.7 billion) and air quality management ($4.0 billion).
With over 350 clients to date, including over 10 Fortune Global 500 clients, In this field, Techknowgreen Solutions Ltd. has twenty years of experience.
Looking into the company’s performance, Techknowgreen Solutions Ltd.’s revenue increased by 50 percent from Rs 9.87 Crore in FY 2021-22 to Rs 14.84 Crore in FY 2022-23. During the same period, net profit decreased by 317 percent from Rs 1.08 crore to Rs 4.15 Crore.
Techknowgreen Solutions is an environmental consulting company, the company also offers Consulting – Regulatory, Sustainability, Technology – Execution, Info Tech, and Research – Policy Engineering.
Written by-: Abhishek Singh
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