Salasar Techno Engineering Share: The shares of a small company called Salasar Techno Engineering Ltd went up a lot on Thursday.
The price reached Rs 20.65 during trading, which is higher than the previous closing price of Rs 19.67.
Earlier, the stock price dropped by 5 percent. The company got seven big orders, but the market’s decline affected its shares.
Back on February 7, the share price was Rs 34.08, and last year on March 28, it was Rs 7.20. This shows the highest and lowest prices in the past year.
Company’s Orders: Salasar Techno Engineering Limited got seven orders worth ₹ 1,034 crore from Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO).
They will work on projects in Coimbatore district of Tamil Nadu, focusing on improving infrastructure and skills in various districts including Tiruvallur, Kanchipuram, Chengalpattu, Karur (Rural Division), Krishnagiri, Pallikonda, Vellore (Vellore and Katpadi Divisions).
Company’s Statement: Salasar Techno Engineering told the stock exchanges that they’re pleased to receive approval for projects worth Rs 1,034 crore from Tamil Nadu Generation and Distribution Corporation Limited.
They see this as a big achievement, strengthening their position in the engineering and infrastructure sector.
Salasar Techno has a good track record, having supplied over 50,000 telecom towers, about 746 kilometers of power transmission lines,
and approximately 629 kilometers of railway tracks. They’ve served more than 600 customers in over 25 countries.
