Salasar Techno Engineering rose 1.21% to Rs 125.45 after the company said it secured a Rs 45 crore order from Assam Electricity Grid Corporation.
The company secured an order for construction of 132/33KV, 2X50 MVA sub-station at Nathkuchi along with associated transmission line from Assam Electricity Grid Corporation. The order is to be executed by 20 February 2022. The announcement was made during market hours today, 26 February 2020.
Salasar Techno Engineering's consolidated net profit tanked 65.4% to Rs 2.16 crore on a 33% drop in net sales to Rs 100.97 crore in Q3 December 2019 over Q3 December 2018.
Salasar Techno Engineering is a provider of customized steel fabrication and infrastructure solutions for telecommunication towers, transmission towers and substation structures and solar module mounting structures.
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