Sunday, June 16, 2024

Salasar Techno Engineering Ltd Bags New order worth Rs. 143 Crore from Nepal Electricity Authority

Salasar Techno Engineering Limited (STEL), (BSE: 540642 NSE: SALASAR)a fast growing steel structure manufacturer and EPC infrastructure company providing services across telecom, energy and railways had  announced that it has bagged a significant order  From Nepal Electricity Authority.

Salasar Techno Engineering Limited has secured the Letter of Intent (LOI) worth 143 Crore from Nepal Electricity Authority (NEA) for “Procurement of Material equipment, associated accessories and necessary installation services including design, erection, testing and commissioning of 33/11 KV Substations and 33 KV, 11 KV, 400 V Lines and Distribution system Networks in Dang, Rukum East and Baitadi Districts of Nepal.

The above order strengthens our existing orderbook and will be executed in next 24
Months i.e. over FY23, FY24 and FY25.

Commenting on the order received Mr Shashank Agarwal form the Management team states: “We are very happy to announce this significant order win worth Rs. 143 Crores from Nepal Electricity Authority which is First ever EPC order awarded to Salasar Techno Engineering Ltd by any Foreign Country. This order has enabled us to establish our
presence in exports market and acts as a testimony of confidence placed by the foreign clients on STEL’s continuous efforts to design, supply, and execute the orders in time and while following the best in class industry standards.

Further, this order win showcases our strength in executing large orders, developing products with cutting edge research & development and most importantly the approach
of STEL towards achieving its ultimate mission of delivering innovative, cost-efficient and modern engineering solutions backed by agile service implementation teams.

On the financial front, this order win strengthens our already robust order-book and is
expected to yield good margins.

We believe that this is just the start of an exciting phase in growth journey of STEL and
with our expertise, domain knowledge and sophisticated manufacturing prowess we are
rightly equipped to capitalize on the opportunity that lie ahead of us across geographies.”

It provides 360-degree solutions by carrying out engineering, designing, fabrication, galvanization and deployment. Its products include telecommunication towers, power
transmission line towers, smart lighting poles, utility poles, high mast poles, stadium lighting poles, monopoles, substation structures, solar module mounting structures, railways electrification (OHE), road and railway over-bridges (ROB) and customized galvanized and non-galvanised steel structures. Salasar Techno Engineering Ltd.’s services include providing complete engineering, procurement and control for projects such as rural electrification, power transmission lines and solar power plants.

STEL is among the leading manufacturers of telecom towers in India, with a supply of more than 50,000 towers since its inception. The company has three state-of-art manufacturing facilities located in Hapur, Uttar Pradesh.

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