Electrical Products Manufacturer Bags Rs 192 Crore Order from Bruhat Bengaluru Mahanagara Palike
The stock gave multibagger returns of 450 per cent in 3 years and a whopping 1,650 per cent in 5 years.
Salzer Electronics Limited (BSE: 517059, NSE: SALZERELEC) has announced a significant win, securing a Rs 192 crore smart lighting contract from the Bruhat Bengaluru Mahanagara Palike (BBMP). This landmark order, a key step in reinforcing Salzer's focus on energy efficiency, involves the implementation of an Energy Efficiency Project in Bengaluru, Karnataka. The project's scope includes the installation of a Centralised Control and Monitoring System (CCMS) for street lights, alongside the replacement of existing conventional streetlights with energy-efficient LED lamps across the East Zone and a portion of the Bommanahalli Zone of BBMP.
The project is a consortium effort with Schnell Energy Equipments Private Limited and is slated for completion within eight months. Salzer Electronics will receive the total contract value of ₹192 crore over 84 months, as per the agreed payment terms. This contract highlights Salzer's expertise in providing comprehensive electrical solutions and its commitment to contributing to sustainable urban development through advanced energy-efficient technologies.
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Salzer is a leading Indian provider of comprehensive and customised electrical solutions, specialising in Switchgears, Wires & Cables, and Energy Management. The company holds the distinction of being the largest manufacturer of CAM-operated rotary switches and wire ducts in India, supported by five advanced in-house manufacturing facilities in Coimbatore, Tamil Nadu. With a strong presence both domestically and internationally, Salzer leverages an extensive distribution network, including over 350 channel partners associated with Larsen & Toubro (now Schneider) in India, and exports to numerous countries globally. The company's commitment to innovation is evident through its robust in-house R&D team, which consistently develops cutting-edge technologies and customised electrical solutions. Expanding its offerings, Salzer recently introduced smart meters within its Energy Management portfolio, enhancing its range of intelligent solutions for improved energy efficiency, monitoring, and control.
The company has a market cap of Rs 1,875 crore with promoters holding 37.54 per cent stake, FIIs owning 2.58 per cent stake, DIIs owning 0.10 per cent stake and the public owning 59.78 per cent stake as of March 2025. The stock gave multibagger returns of 450 per cent in 3 years and a whopping 1,650 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.