4:1 Bonus Issue: Below Rs 25, Smallcap Salasar Techno Rises By 122% In 6 Months; Makes Big Announcements

Salasar Techno Engineering, a one stop solution provider in engineering and infrastructure solutions, said it is poised to capture a significant portion of the exploding demand for Monopoles. Salaser expects to receive about Rs 200 crore orders in Monopoles in the next 12 months. The company recently rewarded its investors with bonus issue in the ratio of 4:1.

In its regulatory filing, Salasar said, "Salasar Techno is among the first to design, type test, and manufacture steel monopoles in India. With over a decade of expertise, will make The Company is poised to emerge as the preferred partner for various national and international companies.

Salasar said that it is receiving a high volume of inquiries from big customers, already having orders worth ~Rs. 720 Mn from various prestigious clients like UPPTCL, Karnataka Power Corporation and TKG infrastructure etc. and is confident of getting firm orders to manufacture and supply Monopoles amounting to ~Rs. 2,000 Mn within the next 12 months.

The management team of Salasar Techno said, Our monopole division has demonstrated remarkable strength in securing orders, with our team of experts specializing in designing and manufacturing innovative monopoles coupled with the recent inauguration of the world's largest GI plant, equipped with state-of-the-art technology, we have significantly strengthened our ability to supply monopoles of varying sizes."

Looking ahead, the management added, "our strategic initiatives and enhanced manufacturing capabilities position us for further success, with ambitious plans to manufacture and supply Monopoles totaling to ~Rs. 2,000 Mn within the next 12 months. This substantial growth in our order pipeline will not only reflect the trust and confidence placed in Salasar Techno's capabilities but will also underscore our commitment to meeting the rising demand for high-quality Monopoles in the market."

"This strategic advancement primes us to excel in a segment poised to become a cornerstone of our diverse product portfolio. Alongside our offerings in Telecom Towers, Poles, and other heavy steel structures, including railway and road over bridges, our focus on delivering superior monopoles underscores our commitment to innovation and excellence in meeting the evolving needs of our clients," the management added.

Monopoles, once widely used only in the US and European countries, are now becoming popular in India too. This is because monopoles have distinct advantages over the lattice towers w.r.t. space, speed of erection, short delivery time and more. The benefit of smaller base installation space, even for high rise 40 to 50 m poles, makes monopoles an eco-friendly alternative as well.

On Wednesday, Salasar shares were down at its 5% lower circuit at Rs 23.51 apiece on BSE with market cap of Rs 3,711.12 crore. Despite the latest hiccups, Salasar is a mulitbagger with gains of 122% in six months on BSE. Year-to-date, the stock zoomed by 76%. In a year, the stock rallied by 170%.

On February 1st, Salasar Techno turned ex-bonus. The ratio of 4:1 means that Salasar Techno will issue 4 new bonus shares for every 1 existing equity share.

Incorporated in 2006, Salasar Techno is a provider of customized steel fabrication infrastructure solutions in India.

Salasar Techno's product portfolio includes telecommunication towers, power transmission line towers, smart lighting poles, utility poles, high mast poles, stadium lighting poles, monopoles, substation structures, solar module mounting structures, railway electrification (OHE), Road & Railway Over-Bridges (ROB) and customised galvanized & non-galvanized steel structures. Salasar Techno'sservicesinclude providing complete Engineering, Procurement & Control (EPC) for projects such as rural electrification, power transmission lines and solar power plants.

Salasar is among the leading manufacturers with the current installed capacity of 2,11,000 MTPA having supplied, 50,000+ Telecom Towers, ~746 kmof Power Transmission Lines, ~629 kmRailway Track,to 600+ clientsin 25+ Countries.