AI assistant
Salasar Techno Engineering Limited — Capital/Financing Update 2024
Feb 27, 2024
60476_rns_2024-02-27_0e3412fb-368e-44cf-95cf-2cdb6b98949b.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
Salasar Techno Engineering Limited
==> picture [180 x 28] intentionally omitted <==
27[th] February, 2024
To,
The Manager – Listing The Secretary National Stock Exchange of India Ltd. Exchange Plaza, Corporate Relationship Dept. Bandra Kurla Complex Bandra East BSE Limited Mumbai – 400051 P. J. Tower, Dalal Street, Symbol - SALASAR Mumbai – 400001 Scrip Code: 540642
SUB: Intimation pursuant to Regulation 30 read with Part A of Schedule III of SEBI (LODR) Regulations, 2015 for securing an order worth Rs. 2,000 Mn. from M/s ZETWERK Business Private Limited- Press Release/ Media release
Dear Sir/ Madam,
With reference to the captioned subject and in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that today, M/s Salasar Techno Engineering Limited has issued a press release announcing the successful securing of an order valued at over Rs. 2,000 Mn. from M/s ZETWERK Business Private Limited.
A copy of Press Release issued by the Company, today, is attached hereto for your kind perusal. We request you to please take the same on record.
Yours faithfully,
For Salasar Techno Engineering Limited
Digitally signed by ALOK KUMAR DN: c=IN, st=Uttar Pradesh, 2.5.4.20=87d8a4622173367000269deb416bd ALOK 3971a9a5a46e1f621163c487c17b2cd4d37, postalCode=201002, street=Ghaziabad, pseudonym=4bcb5a7179b72c425fb95657d8 be1b7b, serialNumber=10c8fb986246e2d7c5a4805b54 2806ed928b1a9284a13fa333eb4882bf8a7015 KUMAR , o=Personal, cn=ALOK KUMAR Date: 2024.02.27 19:54:41 +05'30'
Alok Kumar Managing Director DIN:01474484
CIN No. - L23201DL2001PLC174076
==> picture [12 x 18] intentionally omitted <==
Unit 1- Khasra 265, 281-283, Parsaun-Dasna, Jindal Nagar, Distt. Hapur-201313 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
==> picture [17 x 17] intentionally omitted <==
+91 8938802180, 7351991000 +91 120 6546670 Fax: +91 11 45823834
[email protected] [email protected]
==> picture [208 x 44] intentionally omitted <==
CIN: L23201DL2001PLC174076 Registered Office: E-20, South Extension 1, New Delhi-110049
Salasar Techno Engineering Ltd Bags An Order Valued At Over Rs. 2,000 Mn From M/s ZETWERK Business Private Limited
New Delhi, 27[th] February, 2024: 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.
Business Update
Captive IR Strategic Advisors Pvt. Ltd.
About Salasar Techno Engineering Limited (Salasar)
Incorporated in 2006, Salasar Techno is a provider of customized steel fabrication & infrastructure solutions in India. It provides 360-degree solutions by carrying out engineering, designing, fabrication, galvanization and deployment. Salasar Techno’s product portfolio includes telecommunication towers, power transmission line towers, smart lighting poles, utility poles, high mast poles, stadium lighting poles, monopoles, substation structures, solar module mounting structures, railway electrification (OHE), Road & Railway Over-Bridges (ROB) and customised galvanized & non-galvanized steel structures. Salasar Techno’s services include providing complete Engineering, Procurement & Control (EPC) for projects such as rural electrification, power transmission lines and solar power plants. The Company is among the leading manufacturers with the current installed capacity of 2,11,000 MTPA having supplied, 50,000+ Telecom Towers, ~746 km of Power Transmission Lines, ~629 km Railway Track, to 600+ clients in 25+ Countries.
For Further information on the Company, please visit https://salasartechno.com
Salasar Techno Engineering Limited Email: [email protected]
Krunal Shah/Naman Maheshwari Captive IR Strategic Advisors Pvt. Ltd. Email: [email protected] /[email protected] Contact: +91 9372467194
Disclaimer:
CERTAIN STATEMENTS IN THIS DOCUMENT MAY BE FORWARD LOOKING STATEMENTS. SUCH FORWARD-LOOKING STATEMENTS ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES LIKE GOVERNMENT ACTIONS, LOCAL POLITICAL OR ECONOMIC DEVELOPMENTS, TECHNOLOGICAL RISKS, AND MANY OTHER FACTORS THAT COULD CAUSE OUR ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTEMPLATED BY THE RELEVANT FORWARD-LOOKING STATEMENTS. SALASAR TECHNO ENGINEERING LIMITED WILL NOT BE IN ANY WAY RESPONSIBLE FOR ANY ACTION TAKEN BASED ON SUCH STATEMENTS AND UNDERTAKES NO OBLIGATION TO PUBLICLY UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT SUBSEQUENT EVENTS OR CIRCUMSTANCES.
Business Update
Captive IR Strategic Advisors Pvt. Ltd.