Salasar Techno Engineering rallied 4.05% to Rs 272.20 after the company secured a purchase order of Rs 170 crore from Rites.
As per the exchange filing, the project consists of the - "Railway Electrification of 25kV OHE works including TSS General Electrification, Civil Engineering works including Tower Wagon Shed, Service Buildings, Staff Quarters, Track works and Signalling and Telecommunication works on existing track of single line section of Udaipur city (Excl.) - Himmatnagar (Excl.) 210 RKM (234.99 TKM) section of Ajmer division of North Western Railway."
Salasar Techno Engineering's consolidated net profit jumped 22.6% to Rs 10.02 crore on a 35.7% surge in net sales to Rs 200.19 crore in Q2 FY22 over Q2 FY21.
Salasar Techno Engineering is a provider of customized steel fabrication and infrastructure solutions in India.
Meanwhile, shares of Rites declined 1.34% to Rs 269.40 on BSE. The scrip hit an intraday high and low of Rs 273.05 and Rs 266.80 respectively.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app