Salasar Techno Engineering rises on bagging two orders worth Rs 748.46 crore
Salasar Techno Engineering is currently trading at Rs. 56.90, up by 0.50 points or 0.89% from its previous closing of Rs. 56.40 on the BSE.
The scrip opened at Rs. 58.00 and has touched a high and low of Rs. 58.30 and Rs. 55.75 respectively. So far 229040 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 58.30 on 21-Dec-2022 and a 52 week low of Rs. 20.20 on 14-Feb-2022.
Last one week high and low of the scrip stood at Rs. 58.30 and Rs. 48.05 respectively. The current market cap of the company is Rs. 1767.95 crore.
The promoters holding in the company stood at 63.07%, while Institutions and Non-Institutions held 12.18% and 24.74% respectively.
Salasar Techno Engineering has secured two Letter of Intents (LoI) worth Rs 748.46 crore from Pashchimanchal Vidyut Vitran Nigam (PVVNL) for Development of Distribution Infrastructure for loss reduction in District Bulandshahar, Hapur, Baghpat and Meerut of Uttar Pradesh State under Revamped Reforms based and Result Linked Distribution Sector Scheme (RDSS) for Electricity Distribution, GPS Survey, Design, Supply, Installation, GIS Asset Mapping, Testing and Commissioning of works related to loss reduction on turnkey bases under RDSS.
Salasar Techno Engineering is leading provider of customized steel fabrication and infrastructure solution in India.
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