Tecpro Systems has acquired the remaining 49% stake in its subsidiary - Tecpro Trema on March 17, 2011. With this acquisition Tecpro Trema becomes the wholly-owned subsidiary of Techpro Systems.The acquisition of Techpro Trema by Techpro Systems was approved by the board at its meeting held on November 12, 2010.Last month, it has also received its board’s approval for the scheme of amalgamation of Microbase Infosolution, a wholly-owned subsidiary of the company with itself.
Recently, Tecpro Systems has received orders aggregating to Rs 188 crore from Steel Authority of India (SAIL), Tamil Nadu Generation and Distribution Corporation and Gujarat State Electricity Corporation (GSECL).
Tecpro Systems is an established material handling company in India, engaged in providing turnkey solutions in material handling, ash handling, balance of plant ("BoP") and engineering, procurement and construction ("EPC") contracts.
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