This steel structure and EPC solution company receives Rs 748 crore worth of orders
The stock has given over 100 per cent returns in the last 6 months.
Salasar Techno Engineering has secured two Letters of Intent (LoI) worth Rs 748.46 crore from Pashchimanchal Vidyut Vitran Nigam (PVVNL) for the development of distribution infrastructure for loss reduction in District Bulandshahar, Hapur, Baghpat and Meerut of Uttar Pradesh State under Revamped Reforms based and Result Linked Distribution Sector Scheme (RDSS) for Electricity Distribution, GPS Survey, Design, Supply, Installation, GIS Asset Mapping, Testing and Commissioning of works related to loss reduction on turnkey bases under RDSS.
Salasar is one of the leading companies in India, providing customized steel structures and EPC solutions to a diverse range of industries including telecom, power, railways and others. The company serves over 600 clients & customers and exports to around 25 countries.
Today, the stock opened at Rs 58.00, with a high and low of Rs 58.30 and Rs 50.80. The stock previously closed at Rs 56.40. Today, it closed the trading session at Rs 51.20, down by 9.22 per cent.
In the last six months, the shares of the company have given 114.20 per cent returns and on a YTD basis, the stock has given 115.10 per cent returns.
The stock has a 52-week high of Rs 58.30 and a 52-week low of Rs 20.20. The company has a ROCE of 12.9 per cent and an ROE of 11.5 per cent with a market capitalisation of Rs 1616.41 crore.