Salasar Techno Engineering (STEL) gained 4.12% to Rs 51.80 after receiving a Rs 143 crore order from Nepal Electricity Authority (NEA). The order includes the procurement of material equipment, associated accessories, and installation services such as design, erection, testing, and commissioning of 33/11 KV substations and 33/11 KV, 11 KV, 400 V lines and distribution system networks in the Nepalese districts of Dang, Rukum East, and Baitadi.
We are very pleased to announce this significant order win worth Rs. 143 crore from Nepal Electricity Authority, which is the first engineering procurement and construction (EPC) order ever awarded to Salasar Techno Engineering by any foreign country. This order has allowed us to establish our presence in the exports market and serves as proof of foreign clients’ trust in STEL’s ongoing efforts to design, supply, and execute orders on time and in accordance with best-in-class industry standards.
Further he added, On the financial front, this order win strengthens our already robust order-book and is expected to yield good margins. Salasar Techno Engg manufactures and sells galvanized steel structures such as telecom towers, transmission line towers, and solar panels.