Salasar Techno Engineering In Focus On Railway & Power Sector PSUs Order Status

Following the announcement of its order book regarding Railway and Power industry PSUs, Salasar Techno Engineering (STEL), a small-cap company in the capital goods industry, is under focus of the market watchers. The stock saw a rise of 7.35% from the previous close when it began on the BSE today at Rs 114.51 apiece and surged to an intraday high of Rs 115.89 during the morning trade.

A well-known manufacturer and engineer, STEL, revealed the status of its PSU orders for the railway and power sectors. By carrying out contracts for Transmission Lines, Sub-Staions, and Distribution Lines granted by several renowned power sector PSUs and Indian Railways totalling Rs. 7,310.3 Mn thus far, the company has effectively established its footprint in the railway and power sectors.

Thanks to its decades of experience, STEL has been able to boost the size of its order book and is currently working on additional contracts worth Rs. 25,164.3 million that have been awarded to it by major power sector PSUs and Indian Railways in the last few years. Also, the firm has been recognised as successful bidders (L-1) for a number of additional contracts, totalling Rs. 9,793.7 Mn to date. These contracts are centered on the building of "Distribution Infrastructure for Loss Reduction" in accordance with the Revamped Distribution Sector Scheme (RDSS) of the Government of India.

The management team of STEL said "It gives us immense pleasure to showcase the status of orders in the fast growing Railway and Power Sectors PSUs. Over the years, we have successfully executed ~Rs. 1,449.2 Mn worth of orders from Indian Railways and ~Rs. 5,861.1 Mn of orders for Power Sector PSUs and currently we are advancing on the completion of additional contracts valued at ~Rs. 6,091.9 Mn for Indian Railways and ~Rs. 19,072.4 Mn for Power Sector PSUs. Securing these contracts over the last couple of years, has enabled us to solidify our presence significantly, showcasing our ability to efficiently execute contracts for supporting critical infra related projects in the field of Power and Railway sectors. This underscores our continued growth and strategic position in the industry."

"As we continue our upward journey, we are declared L-1 bidders for several contracts for the development of 'Distribu.on Infrastructure for Loss Reduction' under Government of India's Revamped Distribu.on Sector Scheme (RDSS), totalling to around ~Rs. 9,793.7 Mn. Our competency in execu.ng awarded projects with very microscopic precision in time bound manner coupled with our capability to ramp up operations in minimum .me anywhere, positions us as the preferred choice for contracts worth millions of rupees from Indian Railways and power sector PSUs on an ongoing basis," the management further added.

"We believe that India is on a transformational cusp, the government's thrust towards electrification of entire rural and urban populace, need to modernize & upgrade the existing transmission system, massive railway network expansion, and completion of electrification of Indian Railways existing network, will provide an excellent opportunity to The Company's business growth.

India is also the third-largest producer and consumer of electricity globally, and as per the Central Electricity Authority (CEA) estimates India's power requirement will reach 817 GW by 2030. Moreover, India's infrastructure sector is poised for significant growth, expected to play a pivotal role in boosting the country's economic development. This growth is set to create an environment conducive to increased investment and business expansion," the management team of Salasar Techno Engineering said in a statement.

"We have been in this industry for almost two decades remain focused on our core mission of delivering exceptional engineering and constructional solutions. We have developed the expertise and capability to service contracts efficiently and will continue to eye for growth opportunities for and expand our service offerings in the above space. We will continue to invest in our capacity and capability, to provide key infrastructure elements for bolstering India's global competitiveness, be it power transmission, railways electrification, telecom, smart cities, bridges, heavy structures, and other infrastructure, they further added.