Elecon Engineering Company, a leading manufacturer of mechanical handling equipment has made announcement that the company has been awarded Rs 177.50 million order by Chennai based Techpro Systems.

 As per the contract, the company (Elecon Engineering) will design, engineer, manufacture, test, supply, fraction and commission of material handling equipments and other equipments for Techpro Systems.

On the other hand, Techpro Systems will provide one each of unidirectional stacker cum reclaimer and slewing boom stacker.

Techpro Systems (TSL) participates in projects of turnkey in systems bulk material handling that includes handling raw material systems for cement plants, power, and steel.

The company manufactures various equipments like feeders, crushers, and screens and it also sets up conveyor systems.

Stock of Elecon Engineering Company ended the day at Rs 47, down 6.52% on National Stock Exchange (NSE). The total volume of shares traded was 137,602 at the NSE.