Engineering giant Salasar Techno commissions new Zinc Galvanization plant in UP

Construction engineering firm Salasar Techno Engineering has announced the installation and commissioning of its new Zinc Galvanization Plant (GI Plant).

The company said that the state-of-the-art facility boasts an annual capacity of 96,000 Metric Tons in the Hapur district of Uttar Pradesh.

The plant, it said, will enhance its capacity and play a pivotal role in meeting the growing demand for high-quality galvanized products in various industries.

The plant will have an enhanced capacity with an annual capacity of 96,000 Metric Tons. It is equipped with the latest and most advanced galvanization technology.

Besides, the expansion will create employment opportunities in the region, contributing to local economic development, the statement said.

Earlier this month, the company bagged an electricity transmission order worth around Rs 75.23 crore in Africa.

"The contract worth USD 9.40 million equivalent to Rs 752.38 million by Energy Development Corporation Ltd (EDCL) is for the Rwanda Transmission System Reinforcement and Last Mile Connectivity project," it had said in a statement.

Besides, the company's board has declared a 10 per cent dividend per equity share having a face value of Re 1. "Declaration of Dividend on Equity Shares at the rate of 10% i.e. Rs 0.10 per Equity Share of the face value of Re 1 each for the Financial Year ended March 31, 2023," it said in a statement on BSE.

The record date for ascertaining the eligibility of shareholders for the payment of the dividend will be announced in the due course and will be informed to the shareholders through exchanges.

Salasar Techno is a leading player in the engineering, designing, procurement, fabrication, galvanization and EPC (Engineering, Procurement, and Construction) sectors.