Salasar Techno Engineering bags power projects worth Rs750 crore in UP; Stock soars 1%

21 Dec 2022 , 02:34 PM

Salasar Techno Engineering Limited has announced a significant order win with PVVNL.

The Company has secured two Letter of Intents (LOI) worth Rs748.46 crore from Pashchimanchal Vidyut Vitran Nigam Limited (PVVNL) for “Development of Distribution Infrastructure for Loss Reduction in District Bulandshahar, Hapur, Baghpat and Meerut of UP state.

Commenting on the order win, the management team stated, “We at STEL take pride to announce this major order win worth Rs750 crore. This order is a testimony of STEL’s continuous efforts to design and develop products and services for advance and reliable applications in the Indian power space.”

At around 10:54 AM, Salasar Techno was trading at Rs57.15 per share higher by 1.33% on the BSE.

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