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Salasar Techno bags order worth Rs 364 cr from TANGEDCO
02-Dec-2023 16:40
The contract includes the supply, erection, and installation of feder segregation, high-voltage distribution system, separation of double distribution transformer, and augmentation of 33KV lines.

The contract focuses on the execution of loss reduction work in turnkey mode.

The company said that the above contract further strengthens the order book and is expected to get completed within 36 months, yielding healthy EBITDA margins.

Commenting on the order win, the management team of STEL said, ?We will handle every aspect of the project, from design and engineering to manufacturing,, supply, erection, and installation of Feder Segregation, High Voltage Distribution System, Separation of Double Distribution Transformer, and Augmentation of 33KV Lines. The project will be executed in successive phases. Securing this contract further reflects our unwavering dedication to winning integrated projects, thereby expanding our scale of operations and enhancing profitability.?

Salasar Techno Engineering is engaged in manufacturing and sale of galvanized steel structure including telecom towers, transmission line towers and solar panels.

The company?s consolidated net profit jumped 21.8% to Rs 9.06 crore in Q2 FY24 as compared with Rs 7.44 crore in Q2 FY23. Net sales increased 6.4% YoY to Rs 275.35 crore in Q2 FY24.

The scrip jumped 2% to settle at Rs 51.11 on Friday, 1 December 2023.

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