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Salasar Techno Engineering falls despite securing Notification of Award for contracts worth Rs 1033.78 crore

Salasar Techno Engineering Ltd. | Engineering - Industrial Equipments | Capital Goods & Industrial Consumables | BSE: 540642 | NSE: SALASAR

13 Mar 2024 Evaluate

Salasar Techno Engineering is currently trading at Rs. 19.67, down by 1.03 points or 4.98% from its previous closing of Rs. 20.70 on the BSE.

The scrip opened at Rs. 19.75 and has touched a high and low of Rs. 21.11 and Rs. 19.67 respectively. So far 3084387 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 34.08 on 07-Feb-2024 and a 52 week low of Rs. 7.20 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 23.20 and Rs. 19.67 respectively. The current market cap of the company is Rs. 3104.96 crore.

The promoters holding in the company stood at 63.07%, while Institutions and Non-Institutions held 8.85% and 28.08% respectively.

Salasar Techno Engineering has secured a Notification of Award (NOA) for 7 distinct contracts aggregately worth Rs 1033.78 crore from Tamil Nadu Generation and Distribution Corporation (TANGEDCO).

As part of the contract, Salasar, operating within the framework of Revamped Reforms based and Results-linked, Distribution Sector Scheme will deliver a comprehensive turnkey service (except supply of DTs, Poles, and its Base Plate) in Coimbatore District of Tamil Nadu. It will also undertake the development of distribution infrastructure prioritizing the reduction of losses and the enhancement of operational efficiency across various districts of Tamil Nadu. These include Tiruvallur, Kanchipuram, Chengalpattu, Karur - Rural Division in Karur District, Karur District, Krishnagiri District, Pallikonda, Vellore & Katpadi divisions in Vellore district, and Gingee division in Villupuram district. This significant achievement underscores Salasar's unwavering commitment to advancing infrastructure development and fostering sustainable progress.

Salasar Techno Engineering is leading provider of customized steel fabrication and infrastructure solution in India.

Salasar Techno Engg. Share Price

7.57 0.07 (0.93%)

17-Apr-2026 16:59 View Price Chart

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Salasar Techno Engineering falls despite securing Notification of Award for contracts worth Rs 1033.78 crore

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