Salasar Techno stock rises 4% after signing agreement with American Tower Corp

The company has entered into Supply Agreement with American Tower Corporation (ATC) to provide standard steel telecommunications structures as per ATC specification and telecommunication structures accessories that all African ATC entities will utilize.

Jun 12, 2020 10:06 IST India Infoline News Service

Salasar Techno Engineering has entered into Supply Agreement with American Tower Corporation (ATC) to provide standard steel telecommunications structures as per ATC specification and telecommunication structures accessories that all African ATC entities will utilize.

The supply agreement with American Tower Corporation (ATC) to provide standard steel telecommunications structures as per ATC specification and telecommunication structures accessories including any software licenses and/or all software upgrades released in respect of the products, necessary for, incidental to, or recommended for the proper functioning of the Products that all African ATC entities will utilize, the company said.

The stock is currently trading at Rs109.95, up by Rs3.95 or 3.73% from its previous closing of Rs106 on the BSE.

The scrip opened at Rs111.25 and has touched a high and low of Rs111.30 and Rs105 respectively.

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