Techno Electric & Engineering Company Ltd. (TEECL) is one of India's most prominent power-infrastructure companies with a distinguished history of 4 decades. Specializing in Engineering, Procurement, and Construction (EPC), asset ownership, operations, and maintenance services, TEECL has achieved excellence across the three key industry segments of power generation, transmission, and distribution. Our impressive portfolio comprises the successful execution of over 400 projects in India and overseas, facilitated by a team of 400 experienced and young professionals with vibrant experience in different verticals of our presence.
Our history is tightly interwoven with India's power sector evolution. We were involved in establishing the first power station by the National Thermal Power Cooperation (NTPC) in Shaktinagar, a testament to our foundational role in India's energy infrastructure. We have contributed significantly to building substations owned by PGCIL (Power Grid Corporation of India Limited). In fact, more than 50% of the substations operated by PGCIL have been built by us. Out of the 276 substations owned by PGCIL, over 150 bears the mark of TEECL's engineering excellence and dedicated service. Furthermore, TEECL has been part of virtually all power stations installed by NTPC, each time in different capacities.
Recognizing the evolving landscape of the energy sector, TEECL diversified into transmission and renewable energy as asset owners. TEECL has successfully developed 207.35 MW of renewable energy projects at US $200 Mn. These projects are among the first few to be registered under the UNFCC for Carbon Credit, demonstrating our commitment to sustainable and green initiatives. Furthermore, we have developed transmission assets worth US $600 Mn under the Public-Private Partnership (PPP) model, showcasing our ability to collaborate and deliver in versatile financial setups. We have fostered strategic partnerships with companies from China, South Korea, Canada, and other nations, emphasizing our commitment to nurturing relationships and jointly delivering US $500 million worth of projects.
TEECL is actively executing projects worth over US $700 Mn, of which US $400 million is under the CAPEX mode, funded through our robust balance sheet. Project under execution includes process engineering-based plants such as Flue Gas Desulphurization Plants and financially challenging project delivery models followed in the Advanced Metering Infrastructure space. We plan to install 1 million smart meters yearly with the Government of India.
In 2021, we ventured into the data center domain by building on our extensive experience and multidisciplinary expertise in electrical, mechanical, civil, and structural engineering. With our experience in establishing and running renewable energy plants, we are committed to ensuring that data center projects operate in a carbon-neutral manner, with a strong focus on procuring renewable energy for powering these assets.
With a vision to revolutionize digital infrastructure, TEECL is dedicated to establishing data centers with an investment of US $1 billion by FY 2030.
As a publicly listed company, TEECL enjoys active trading on both BSE and NSE, with a substantial market capitalization of US $650 million. Our firm commitment to governance is evident through almost 30% shareholding held by reputable Foreign Institutional Investors (FII) and Domestic Institutional Investors (Dll). With the highest credit rating in our industry (AA long term and A1+ short term), TEECL prudently operates as a debt-free organization, generating an annual cash profit of US $33 million and holding US $200 million in cash reserves.
