Salasar Techno Engineering rises on commencing operation of new Zinc Galvanization Plant
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Salasar Techno Engineering is currently trading at Rs. 52.80, up by 1.71 points or 3.35% from its previous closing of Rs. 51.09 on the BSE.
The scrip opened at Rs. 52.80 and has touched a high and low of Rs. 54.19 and Rs. 52.35 respectively. So far 57662 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 58.66 on 30-Aug-2023 and a 52 week low of Rs. 27.60 on 02-Nov-2022.
Last one week high and low of the scrip stood at Rs. 54.71 and Rs. 50.64 respectively. The current market cap of the company is Rs. 1612.94 crore.
The promoters holding in the company stood at 63.07%, while Institutions and Non-Institutions held 9.04% and 27.88% respectively.
Salasar Techno Engineering has installed and commissioned its new Zinc Galvanization Plant (GI Plant). This state-of-the-art facility boasts an annual capacity of 96,000 Metric Tons and has commenced operations at Uttar Pradesh, India, with effect from September 25, 2023.
The new Zinc Galvanization Plant represents a significant milestone in Salasar Techno Engineering’s journey of growth and expansion. With its cutting-edge technology and enhanced capacity, the plant being among one of the largest in the world, is poised to play a pivotal role in meeting the growing demand for high-quality galvanized products in various industries, especially for transmission line monopoles & large size structures including infrastructure, construction, automotive and more.
Salasar Techno Engineering is leading provider of customized steel fabrication and infrastructure solution in India
