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Salasar Techno Engineering Ltd bags an order valued at over Rs. 2,000 Mn from M/s ZETWERK Business Private Limited
Posted On : 2024-02-27 23:29:44( TIMEZONE : IST )
Salasar Techno Engineering Ltd. ("Salasar" or "The Company"), is a one stop engineering and infrastructure solution provider. The Company is engaged in providing turnkey EPC services for Railway and Power sectors and is also engaged in designing and manufacturing of telecom towers, Monopoles and other Heavy Steel Structures.
Salasar, a prominent player in the field of providing engineering and infrastructure solutions, has entered into an agreement with M/s ZETWERK Businesses Pvt Ltd for supply of 25,000 MT of Solar Structures.
This significant agreement, valued at over Rs. 2,000 Mn, entails Salasar to supply the specified quantity to ZETWORK or its affiliates for subsequent export.
The above contract further strengthens the order book and is expected to get completed within 12 months, yielding heathy EBITDA margins.
Commenting on the above status, the management team of Salasar said: "We are pleased to announce that we have entered into a strategic partnership with M/s ZETWERK Businesses Pvt Ltd for the supply of 25,000 MT of Solar Structures for subsequent export, underscoring our commitment towards advancing into providing sustainable solutions. This not only broadens the scope of our operations but also reflects our dedication to contributing to the global push for renewable energy.
The total value of the contract, exceeding Rs. 2,000 Mn, reflects the trust and confidence placed in us by ZETWORK and reaffirms our position as a trusted supplier of high-quality infrastructure solutions. This agreement further strengthens our order book, contributing to our ongoing growth trajectory. We anticipate to complete the delivery of the specified quantity within the next 12 months, demonstrating our commitment to timely execution and delivery excellence.
Our collaboration with ZETWERK further underscores our established presence in the renewable energy sector. This partnership reaffirms our adaptability and foresight in meeting the industry's dynamic requirements.
As we continue on this trajectory, our commitment remains unwavering in delivering top-notch solutions, furthering sustainability objectives, and enhancing value for our stakeholders.
