Salasar Techno Engineering Ltd bags contract valued at Rs. 3,640 Mn from TANGEDCO

Salasar Techno Engineering Ltd. ("STEL" or "The Company"), engaged in manufacturing of large & heavy steel structures, and providing customized steel structures and EPC soluIons to diverse range of industries including telecom, power, railways and others has bagged an EPC contract worth Rs. 3,640 Mn.

STEL a prominent player in the field of engineering and infrastructure solutions, has been awarded a contract, valued at Rs. 3,640 Million. The contract focuses on execution of Loss Reduction work in Turnkey Mode.

The contract signals a significant milestone for The Company, involving a comprehensive scope of work aimed at enhancing the power infrastructure in Erode district of Tamil Nadu.

Under the contract, STEL is entrusted with the Supply, Erection, and Installation of Feder Segregation, High Voltage Distribution System, Separation of Double Distribution Transformer, and Augmentation of 33KV Lines.

The above contract further strengthens the order book and is expected to get completed within 36 months, yielding heathy EBITDA margins.

Commenting on the order win, the management team of STEL said: "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 Generation and Distribution Corporation Limited (TANGEDCO). The contract focuses on executing loss reduction work in the Turnkey Mode.

We will handle every aspect of the project, from design and engineering to manufacturing, testing, supply, erection, and installation of Feder Segregation, High Voltage Distribution System, Separation of Double Distribution Transformer, and Augmentation 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 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.

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.

Source : Equity Bulls

Keywords

SalasarTechnoEngineering OrderWin EPCContract TANGEDCO