SALASAR TECHNO ENGINEERING LTD.
NSE : SALASARBSE : 540642ISIN
CODE : INE170V01027Industry : Engineering - Industrial EquipmentsHouse
: Private
BSE20.33-0.26 (-1.26 % )
PREV CLOSE (Rs.) 20.59
OPEN PRICE (Rs.) 20.52
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 823758
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE20.30 -0.3 (-1.46 % )
PREV CLOSE(Rs.) 20.60
OPEN PRICE (Rs.) 20.60
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 20.30 (3880 )
VOLUME 6070132
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 28-Mar-2024 | Salasar Techno Engineering's JV bags contract worth $7.152 million | <p style="text-align: justify;">Salasar Techno Engineering's joint venture (JV) -- SALASAR- RVNL JV has been awarded a prestigious contract worth $7.152 million equivalent to Rs 59.62 crore (approximately) by Energy Development Corporation for the Rwanda Transmission System Reinforcement and Last Mile Connectivity project (TSRLMC) for Plant design, Supply & Installation of 45.8 Km, 110 KV Double Circuit Rukarara-Huye-Gisagara Transmission Lines. The said contract is expected to be completed in 18 months. </p><p style="text-align: justify;">Salasar Techno Engineering is leading provider of customized steel fabrication and infrastructure solution in India.</p><div style="text-align: justify;"><br></div> |
| 18-Mar-2024 | Salasar Techno Engineering emerges as highest bidder for acquisition of M/s EMC | <p style="text-align: justify;">Salasar Techno Engineering has emerged as the highest bidder in the acquisition of M/s EMC (under Liquidation) through an EAuction facilitated by the Liquidator, as appointed by the Hon'ble National Company Law Tribunal (NCLT), Kolkata Bench. The auction took place on March 14, 2024, with the highest bid amounting to Rs 178 crore.</p><p style="text-align: justify;">The target company operates within the same industry as Salasar Techno Engineering, promising an expansion of the company's operations and the potential for synergistic benefits. The Salasar Techno Engineering will get the 100% ownership and control over the Target Company including the entire available assets and properties of the Company.</p><p style="text-align: justify;">Salasar Techno Engineering is leading provider of customized steel fabrication and infrastructure solution in India.</p> |
| 18-Mar-2024 | Salasar Techno Engineering surges on emerging as highest bidder for acquisition of M/s EMC | <p style="text-align: justify;">Salasar Techno Engineering is currently trading at Rs. 21.62, up by 0.11 points or 0.51% from its previous closing of Rs. 21.51 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 22.28 and has touched a high and low of Rs. 22.54 and Rs. 21.30 respectively. So far 1298604 shares were traded on the counter.</p><p style="text-align: justify;">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.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 22.54 and Rs. 18.69 respectively. The current market cap of the company is Rs. 3423.82 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 63.07%, while Institutions and Non-Institutions held 8.85% and 28.08% respectively.</p><p style="text-align: justify;">Salasar Techno Engineering has emerged as the highest bidder in the acquisition of M/s EMC (under Liquidation) through an EAuction facilitated by the Liquidator, as appointed by the Hon'ble National Company Law Tribunal (NCLT), Kolkata Bench. The auction took place on March 14, 2024, with the highest bid amounting to Rs 178 crore.</p><p style="text-align: justify;">The target company operates within the same industry as Salasar Techno Engineering, promising an expansion of the company's operations and the potential for synergistic benefits. The Salasar Techno Engineering will get the 100% ownership and control over the Target Company including the entire available assets and properties of the Company.</p><p style="text-align: justify;">Salasar Techno Engineering is leading provider of customized steel fabrication and infrastructure solution in India.</p><div style="text-align: justify;"><br></div> |
| 16-Mar-2024 | Salasar Techno Engineering informs about acquisition | <div style="text-align: justify;">In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Salasar Techno Engineering has informed that the Company has emerged as the highest bidder in the acquisition of EMC (under Liquidation) through an EAuction facilitated by the Liquidator, as appointed by the Hon'ble National Company Law Tribunal (NCLT), Kolkata Bench, pursuant to Order IA No. 842/KB/2023. The auction took place on Thursday, March 14, 2024, from 03:00 pm to 05:00 pm, with the highest bid amounting to Rs 178,00,00,000. 'SALASAR' has been officially announced as the successful bidder and Letter of Intent has been issued by the Liquidator. This letter outlines the terms and conditions necessary to finalize the sale of the company as a going concern, including the balance sale payment by Successful Bidder as per the provisions of the Insolvency and Bankruptcy Code and the Liquidation Process Regulations. The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are annexed as Annexure-A.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE. </div> |
| 14-Mar-2024 | Clarification On Article Published On Moneycontrol.Com | We hereby submit our clarification concerning the mention of our Company''s name in article published on moneycontrol.com |
| 13-Mar-2024 | Salasar Techno Engineering secures Notification of Award for contracts worth Rs 1033.78 crore | <p style="text-align: justify;">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). </p><p style="text-align: justify;">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.</p><p style="text-align: justify;">Salasar Techno Engineering is leading provider of customized steel fabrication and infrastructure solution in India.</p><div style="text-align: justify;"><br></div> |
| 13-Mar-2024 | Salasar Techno Engineering falls despite securing Notification of Award for contracts worth Rs 1033.78 crore | <p style="text-align: justify;">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.</p><p style="text-align: justify;">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.</p><p style="text-align: justify;">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.</p><p style="text-align: justify;">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.</p><p style="text-align: justify;">The promoters holding in the company stood at 63.07%, while Institutions and Non-Institutions held 8.85% and 28.08% respectively.</p><p style="text-align: justify;">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). </p><p style="text-align: justify;">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.</p><p style="text-align: justify;">Salasar Techno Engineering is leading provider of customized steel fabrication and infrastructure solution in India.</p> |
| 13-Mar-2024 | Salasar Techno Engineering informs about press release | <div>In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Salasar Techno Engineering has informed that today, Salasar Techno Engineering has issued a press release announcing the successful securing of Notification of Award (NOA) for 7 distinct contracts aggregately worth Rs. 10,337.8 Mn. from Tamil Nadu Generation and Distribution Corporation (TANGEDCO). A copy of Press Release issued by the Company, today, is attached.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 28-Feb-2024 | Salasar Techno Engineering bags order worth Rs 200 crore from ZETWERK Businesses | <p style="text-align: justify;">Salasar Techno Engineering has entered into an agreement with ZETWERK Businesses for supply of 25,000 MT of Solar Structures. This significant agreement, valued at over Rs 200 crore, entails Salasar to supply the specified quantity to ZETWORK or its affiliates for subsequent export. The said contract further strengthens the order book and is expected to get completed within 12 months, yielding heathy EBITDA margins.</p><p style="text-align: justify;">Salasar Techno Engineering is leading provider of customized steel fabrication and infrastructure solution in India.</p> |
| 23-Feb-2024 | Salasar Techno Engineering's JV emerges as L1 for project worth Rs 173.99 crore | <p style="text-align: justify;">Salasar Techno Engineering's joint venture (JV) -- RVNL-SALASAR JV has been emerged as the lowest bidder (L1) from Madhya Pradesh Power Transmission Company for ‘Construction of 132 KV & 220 KV Transmission Lines and associated Feeder Bays on total Turnkey basis in Eastern MP'. The project cost is Rs 173.99 crore (including GST). The said project is expected to be completed in 18 months.</p><p style="text-align: justify;">Salasar Techno Engineering is leading provider of customized steel fabrication and infrastructure solution in India.</p><div style="text-align: justify;"><br></div> |
