Salasar Techno Engineering jumps 5 per cent backed by orders from RJIO
Salasar Techno Engineering has received new additional order of Rs. 94 crore from Reliance Jio, which has emerged as one of the major telecom players in India.
With this order, company continue to command a strong presence in the supply and erection of telecom towers. Its main focus remains on project execution and increasing operational efficiency which will further strengthen company’s position. With this order, its total order book stands at over Rs. 400 crore.
The said order includes supply of 1,300 telecom towers worth Rs. 94 crore to Reliance JIO, to be executed by April 2018.
Salasor Techno Engineering is a provider of customized steel fabrication and infrastructure solutions in lndia. It provides 360-degree solutions by carrying out engineering, designing, fabrication, galvanization and deployment. It is among the leading manufacturers of Telecom Tower in lndia with supply of more than 25,000 towers since inception. The company has three state of the art manufacturing facility located in Hapur, Uttar Pradesh.
In Wednesday’s trade, the stock opened at Rs. 312.20 and touched an intra-day high of Rs. 329.95 on the BSE, up by 5 per cent, cheering the news.