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Salasar Techno Engineering Limited Capital/Financing Update 2021
60476_rns_2021-05-24_36a02af3-591d-426a-b326-f1fbeb23c84b.pdf
Capital/Financing Update
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24th May 2021
To.
| The Secretary |
|---|
| Corporate Relationship Dept. BSE |
| Limited |
| P.J.Tower, Dalal Street, |
| Mumbai - 400001 |
| Scrip Code: 540642 |
SUB: New orders worth ₹ 238.65 Crore ore received from Power Grid Corporation of India Limited
Dear Sir/Madam,
We send herewith a copy of Press Release that is being issued by the Company, today, in connection with the above.
Kindly take the same on your record.
Thanking you,
Yours faithfully,
For Salasar Techno Engineering Limited Engine CO $fQ_0$ ã $R\bar{a}$ ul Rastogi Company Secretary Salas
CIN No.- L23201DL2001PLC174076
Unit 1- Khasra 265, 281-283, Parsaun-Dasna, Jindal Nagar, Distt. Hapur-201015 Unit 2- Khasra 1184, 1185, Khera, Pilkhuwa, Tehsil Dhaulana, Distt. Hapur-245304 Unit 3- Khasra 686/6 Khera, Pilkhuwa, Tehsil Dhaulana, Distt. Hapur-245304 Office- KL-46, Kavi Nagar, Ghaziabad-201002 Regd Office- E-20, South Extension 1, New Delhi-110049
+91 120 6546670
+91 8938802180, 7351991000
1111
Press Release
Salasar has been awarded a project of ₹ 238.65 Cr by Power Grid Corporation of India Limited (PGCIL) for construction of power transmission line network and sub stations in Arunachal Pradesh
Salasar Techno Engineering Limited (BSE: 540642, NSE: SALASAR) is proud to announce that PGCIL, vide their letter dated 22nd May 2021, has awarded to the company power projects which include construction of 201 Km Transmission line Network and construction of 4 new power substations in the north eastern state of Arunachal Pradesh.
The transmission line network will be of 132KV type and the substations will be of the Extra High Voltage capacity. The estimated cost of the work allocated to Salasar is ₹ 238.65 Cr (Excluding GST of 18%) and involves supply, construction, erection, testing and commissioning of transmission towers and substations.
Speaking on this occasion Mr. Shashank Agarwal, MD of Salasar said that we are very felicitous and proud to receive this project from PGCIL. We had participated in the tender floated by PGCIL a few months ago and have won this work based on our past experience and offering the most competitive prices. Government's continued focus on the development of North Eastern states will keep on generating many more opportunities like this in the future also.
It is noteworthy that Salasar has successfully executed similar projects for UPPCL, HVPNL (Haryana), PTCUL (UK), HPPTCL (HP) and other government entities for the past few years and the projects are evidence of the companies capabilities in this space, the company is executing a similar kind of project in the state of Assam as well.
About Salasar Techno Engineering Limited:
Salasar Techno Engineering Ltd. Incorporated in 2007 is a provider of customized steel fabrication and infrastructure solutions in India. It provides 360-degree solutions by carrying out engineering, designing, fabrication, galvanization and deployment. Its products include telecommunication towers, power transmission line towers, smart lighting poles, utility poles, high mast poles, stadium lighting poles, monopoles, substation structures, solar module mounting structures, railways electrification (OHE), road and railway over-bdidges (ROB) and customized galvanized and nongalvanised steel structures. Salasar Techno Engineering Ltd.'s services include providing complete engineering, procurement and control for projects such as rural electrification, power transmission lines and solar power plants.
Salasar is among the leading manufacturers of telecom towers in India, with a supply of more than Engine 25000 towers since its inception. The company has three state-of-art manufacturing facilities located in Hapur, Uttar Pradesh.
CIN No.- L23201DL2001PLC174076
Unit 1- Khasra 265, 281-283, Parsaun-Dasna, Jindal Nagar, Distt. Hapur-201015 Unit 2- Khasra 1184, 1185, Khera, Pilkhuwa, Tehsil Dhaulana, Distt. Hapur-245304 Unit 3- Khasra 686/6 Khera, Pilkhuwa, Tehsil Dhaulana, Distt. Hapur-245304 Office- KL-46, Kavi Nagar, Ghaziabad-201002 Regd Office- E-20, South Extension 1, New Delhi-110049
+91 8938802180, 7351991000 +91 120 6546670 Fax: +91 11 45823834
[email protected] [email protected]
For more details, please visit: www.salasartechno.com
For any Investor Relations query, please contact:
Mr. Rahul Rastogi Salasar Techno Engineering Limited
Email: [email protected]
Caution concerning forward-looking statements:
This document includes certain forward-looking statements. These statements are based on managements current expectations and/or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors. Salasar Techno Engineering Ltd. is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
CIN No.- L23201DL2001PLC174076
Unit 1- Khasra 265, 281-283, Parsaun-Dasna, Jindal Nagar, Distt. Hapur-201015 Unit 2- Khasra 1184, 1185, Khera, Pilkhuwa, Tehsil Dhaulana, Distt. Hapur-245304 Unit 3- Khasra 686/6 Khera, Pilkhuwa, Tehsil Dhaulana, Distt. Hapur-245304 Office- KL-46, Kavi Nagar, Ghaziabad-201002 Regd Office- E-20, South Extension 1, New Delhi-110049
+91 8938802180, 7351991000 +91 120 6546670 Fax: +91 11 45823834
