Salasar Techno Engineering records 52 week-high on fresh orders
Salasar Adorus Infra LLP, a subsidiary of Salasar Techno Engineering Limited has received orders for Bangalore Metro Corporation Rail Project, which is estimated to be worth Rs 252 crore.
The subsidiary company has entered into a work contract with Texmaco Rail & Engineering Ltd for carrying out the project work, which involves the design, supply, installation, testing, & commissioning of the ballastless track in elevated viaduct section and underground section along with a blasted track in depots. The work is being completed for Bangalore Metro Corporation Rail Project.
The value of the contract is being estimated at Rs 252 crore and the execution time period stated by the company is anywhere between 30 and 36 months.
Salasar Techno Engineering was incorporated in the year 2007. It is a provider of customised steel fabrication & infrastructure solutions in India. It provides 360-degree solutions by carrying out various activities related to infrastructure, power, structure building, electrification work, etc.
At 11.15 am today, the share price of the company was trading at Rs 250, a 2.3 per cent increase over its previous close. It registered a 52-week high of Rs 258 today during the early market hours.