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Salasar Techno Engineering Ltd.

BSE: 540642 Sector: Metals & Mining
NSE: SALASAR ISIN Code: INE170V01019
BSE 00:00 | 24 Feb 125.95 2.60
(2.11%)
OPEN

126.25

HIGH

130.05

LOW

123.35

NSE 00:00 | 24 Feb 126.60 2.25
(1.81%)
OPEN

121.40

HIGH

129.90

LOW

121.40

OPEN 126.25
PREVIOUS CLOSE 123.35
VOLUME 1202
52-Week high 245.00
52-Week low 86.50
P/E 5.94
Mkt Cap.(Rs cr) 167
Buy Price 124.75
Buy Qty 100.00
Sell Price 127.20
Sell Qty 121.00
OPEN 126.25
CLOSE 123.35
VOLUME 1202
52-Week high 245.00
52-Week low 86.50
P/E 5.94
Mkt Cap.(Rs cr) 167
Buy Price 124.75
Buy Qty 100.00
Sell Price 127.20
Sell Qty 121.00

Salasar Techno Engineering Ltd. (SALASAR) - Chairman Speech

Company chairman speech

Dear Shareholders

I am thrilled to share that your Company had a very successful first year of listingand has been making significant progress towards fortifying its identity as the marketleader in the Telecom Tower manufacturing sector. We at Salasar are immensely humbledand grateful to each one of you for showing utmost trust and confidence in our Managementbusiness model and our strategy in this first year. In a very challenging global businessenvironment the IPO was subscribed 273 times something which happened for the first timein history.

At Salasar we understood that at a time when the domestic market conditions wereshowing signs of revival it would be prudent to strengthen our capabilities to cater tothe vast Indian opportunities. Consequently our superior growth numbers testify therelevance of our strategies which are closely aligned to external opportunities and thegovernment's key policies. The Company recorded sales growth of 29% from Rs. 384 crores inFY 2017 to Rs. 495 crores in FY2018. This coupled with innovative cost engineeringmeasures to drive down costs facilitated a 40% growth in operating EBITDA from Rs. 39crores in FY2017 to Rs. 54 crores in FY2018. The Company registered a 59% growth in netprofit from Rs. 19 crores in FY2017 to Rs. 30 crores in FY2018.

- In the last few years India is witnessing an increased data demand and at this cuspof data revolution we believe that the time has arrived for Monopoles towers to gainprominence in the growth of the Telecom sector. With new entrants and increasingproliferation of smart phones among the Indian masses mobile data will growexponentially requiring a significant number of towers over the next few years. The pastcouple of years have witnessed significant progressive policy-level changes and effectiveimplementation of directives in sectors in which we are present. It was the government'sway of acknowledging that economic growth was hinged on the adequate development ofinfrastructure. This approach has delivered tangible results and the potential forprogress going forward is immense.

Our Company has also embarked on the growing long-term opportunity coming frommonopoles. India as of now is largely a lattice tower market. However the increasingchallenges with respect to land acquisition present a strong case for the adoption ofmonopole towers. Salasar tested its first transmission monopoles during the yearqualifying itself for more transmission monopoles projects.

Similarly when we talk about infrastructure Indian Railway network is among theworld's largest rail networks and the Government continues to build it further. It plansto commission new Railway lines connecting untapped places and has committed investmentstowards capital and development expenditure of railways. This presents a significantopportunity for Salasar Techno Engineering.

Looking ahead we see a prosperous future for the country particularly theinfrastructure sector which will benefit the Company. Our success so far has been drivenby our most important asset – our team! I would like to take this opportunity tothank each and every member of the Salasar Techno Engineering family. I would also like tothank our Clients Creditors Banks Financial Institutions and other Stakeholderswithout whose patronage we could not have been where we are.

Very Sincerely

Alok Kumar

Chairman and Managing Director