Salasar Techno Engineering rises on receiving orders worth Rs 1,182 crore in FY22
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Salasar Techno Engineering is currently trading at Rs. 243.90, up by 3.30 points or 1.37% from its previous closing of Rs. 240.60 on the BSE.
The scrip opened at Rs. 241.00 and has touched a high and low of Rs. 243.05 and Rs. 238.45 respectively. So far 487 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 370.75 on 13-Jul-2021 and a 52 week low of Rs. 202.00 on 14-Feb-2022.
Last one week high and low of the scrip stood at Rs. 249.50 and Rs. 230.00 respectively. The current market cap of the company is Rs. 682.12 crore.
The promoters holding in the company stood at 69.70%, while Institutions and Non-Institutions held 0.55% and 29.75% respectively.
Salasar Techno Engineering has received orders worth Rs 1,182 crore in 2021-22, posting a year-on-year rise of about 20 per cent. The company’s overall order book in 2020-21 was at Rs 988 crore. Out of Rs 1,182 crore, EPC (engineering procurement and construction) orders were of Rs 938 crore, orders of heavy steel structure division were worth Rs 200 crore and export orders constituted Rs 44 crore. In addition, there were monthly orders worth Rs 35-40 crore from telecom and other structures and it has also constructed four towers at the Goa airport.
Salasar Techno Engineering is leading provider of customized steel fabrication and infrastructure solution in India.
