Salasar Techno Engineering secures electricity transmission order worth $9.40 million.
This project, which is categorized as an engineering, procurement, and construction (EPC) project, is anticipated to be finished in 18 months.
A Rs 75.23 crore order for electricity transmission in Africa has been acquired by Salasar Techno Engineering Ltd (STEL), a builder of steel structures and EPC infrastructure, the firm announced today, September 19, in a stock market announcement. According to a BSE statement, the Energy Development Corporation Ltd. (EDCL) has granted this contract, worth $9.40 million (Rs 75.23 crore), for the Rwanda Transmission System Reinforcement and Last Mile Connectivity initiative.
This project, which is categorized as an engineering, procurement, and construction (EPC) project, is anticipated to be finished in 18 months. It represents a big accomplishment for STEL and a doorway to the global export market.
"STEL has won a significant EPC contract for the design, supply, and installation of a 110kV transmission line in the African communities of Rwinkwavu-Kirehe, Gabiro-Nyagatare, and Rulindo-Gicumb, valued at $9.40 million (Rs. 752.38 million). This order has given us the opportunity to increase our market share in the export sector, which is evidence of the confidence foreign clients have in STEL's capacity to complete orders quickly and in accordance with top-notch industry standards. Our success in securing this contract highlights our established reputation for technical excellence, dependability, and strong international competitiveness, according to the management team of STEL. Africa, with its vast potential and growing energy demands, remains a region of promising market with enormous growth potential.
STEL, or Salasar Techno Engineering Limited
Salasar Techno Engineering Ltd., a company with its headquarters in New Delhi and a steel structure manufacturing division, was founded in 2006. The business does business as an infrastructure EPC company. Its extensive service offering includes the railway, energy, and telecommunications industries.
STEL offers engineering, design, manufacture, galvanization, and deployment in addition to full solutions. The company offers a wide variety of products, including monopoles, substation structures, solar module mounts, telecommunication and power transmission towers, smart lighting and utility poles, high mast and stadium lighting poles, and road/railway over-bridges. With a current capacity of 115,000 MTPA, STEL has provided more than 600 clients in more than 25 countries with over 50,000 telecom towers, 702 km of power transmission lines, and 588 km of railway tracks.
On Monday, Salasar Techno Engineering's stock increased by almost 3% to settle at Rs 53.35. In the past year, the small-cap stock has given its investors a return of 60%.
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