Salzer Electronics soars on signing MoU with Wirepas
Salzer Electronics is currently trading at Rs. 618.70, up by 18.20 points or 3.03% from its previous closing of Rs. 600.50 on the BSE.
The scrip opened at Rs. 611.20 and has touched a high and low of Rs. 622.95 and Rs. 607.05 respectively. So far 283 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1167.50 on 25-Mar-2025 and a 52 week low of Rs. 527.00 on 02-Feb-2026.
Last one week high and low of the scrip stood at Rs. 666.25 and Rs. 596.65 respectively. The current market cap of the company is Rs. 1073.43 crore.
The promoters holding in the company stood at 37.48%, while Institutions and Non-Institutions held 2.58% and 59.95% respectively.
Salzer Electronics has signed Memorandum of Understanding (MoU) with Wirepas, a global leader in wireless mesh integration headquartered in Finland. The partnership will integrate the Wirepas Certified platform into its smart electricity meters, delivering next-generation metering solutions that help utilities operate more efficiently and intelligently. This adoption highlights the company’s commitment to innovation, interoperability and building resilient energy infrastructure across India.
The Wirepas Certified platform allows the company meters to form a self-optimizing, collaborative network, automatically adjusting to ensure uninterrupted data flow across urban, rural and mixed infrastructure environments. Utilities benefit from reliable performance without the need for extensive additional infrastructure, enabling smarter energy management at every scale.
With the Wirepas Certified platform, the company can offer solutions that not only meet current industry standards but are prepared for the challenges of tomorrow’s grids. This partnership strengthens its vision of creating truly intelligent energy systems.
