Salasar Techno Engineering Wins Rs. 3,640 Mn Worth Contract From Tamil Nadu

On Friday, the shares of Salasar Techno Engineering closed 1.59% higher at Rs 51 apiece after the company announced securing an EPC contract worth Rs. 3,640 Mn. from Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO).

An EPC contract worth Rs. 3,640 million has been awarded to Salasar Techno Engineering Ltd. (STEL), which manufactures large and bulky steel structures and offers customised steel structures and EPC solutions to a variety of sectors, including telecom, power, railways, and others. The contract focuses on carrying out Turnkey Mode Loss Reduction work. The contract, which entails a broad scope of work intended to improve the power infrastructure in Tamil Nadu's Erode district, is a key milestone for the company.

As per the terms of the contract, STEL is responsible for the provision, maintenance, and installation of Feder segregation on the High Voltage Distribution System, Double Distribution Transformer, and 33KV Line Augmentation. The aforementioned contract, which is anticipated to be finished in 36 months and produce healthy EBITDA margins, increases the order book even further.

"We are delighted to announce a significant achievement that underscores our commitment to excellence and our capabilities in delivering cutting-edge infrastructure solutions. STEL has secured a monumental EPC contract valued at Rs. 3,640 million from the Tamil Nadu Genera on and Distribu on Corpora on Limited (TANGEDCO).The contract focuses on executing loss reduction work in the Turnkey Mode," the management said commenting on the order win.

"We will handle every aspect of the project, from design and engineering to manufacturing, testing, supply, erection, and installation of Feder Segrega on, High Voltage Distribu on System, Separa on of Double Distribu on Transformer, and Augmenta on of 33KV Lines. The project will be executed in successive phases. Securing this contract further reflects our unwavering dedication to winning integrated projects, thereby expanding our scale of operations and enhancing profitability," the management further added.

"The contract underscores our commitment to excellence and our ability to provide end-to-end solutions for complex electrical infrastructure initiatives. Our successful bid for these contracts further solidifies our position as a reliable and innovative partner in the development of robust power infrastructure across the region," the management stated.

"Finally, our unwavering commitment remains steadfast in fulfilling our fundamental mission of providing outstanding engineering and construction solutions to our valued customers, all while ensuring sustainable growth for our stakeholders.

Our dedication extends to ongoing investments in both our network and technology, coupled with a proactive approach to identifying and pursuing new avenues for growth and innovation. As we wrap up, we express sincere gratitude to our entire team, whose resilience and steadfast support have been invaluable in every circumstance," the management team of Salasar Techno Engineering Limited (STEL) commented.

Founded in 2006, STEL offers infrastructure and customised steel fabrication services in India. With a current installed capacity of 2,11,000 MTPA, STEL is one of the top manufacturers. It has delivered more than 50,000 telecom towers, 746 km of power transmission lines, and 629 km of railway track to more than 600 clients in more than 25 countries.