Salasar Techno Engineering spurts on bagging deal worth Rs 170 cr from Rites


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

Also Read

Board of Salasar Techno Engineering allots 1.42 lakh equity shares under bonus issue

Salasar Techno spurts after robust Q4 results, bonus bounty

Salasar Techno Engineering consolidated net profit rises 159.09% in the March 2021 quarter

Salasar Techno Engineering standalone net profit rises 2848.15% in the June 2021 quarter

Salasar Techno Engineering consolidated net profit rises 3530.00% in the June 2021 quarter

RBI slaps Rs 1 cr penalty on State Bank of India

Solara Active Pharma spurts 17% in four sessions

Chalet Hotels Ltd leads losers in 'A' group

Sanofi India gains on selling Soframycin, Sofradex biz

Inventure Growth & Securities Ltd leads losers in 'B' group

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Nov 29 2021 | 9:15 AM IST

Explore News