This infrastructure firm bags Rs 200 crore order for supply of solar structures - Details

Steel structural manufacturer and EPC infrastructure company Salasar has won an order worth Rs 200 crore from ZETWERK Business Private Limited.

The order pertains to the supply of 25,000 MT of solar structures, according to an exchange filing by the company. The project is expected to be completed within 12 months.

Earlier, a joint venture of state-owned RVNL and Salasar emerged as the lowest bidder for a transmission project worth Rs 174 crore in Madhya Pradesh. In a BSE filing, Rail Vikas Nigam Ltd (RVNL) said it holds a 51 per cent stake in the JV while STEL has the remaining 49 per cent stake.

"RVNL-Salasar JV emerges as the lowest bidder (L1) from Madhya Pradesh Power Transmission Company Ltd for construction of 132 KV and 220 KV transmission lines and associated feeder bays on a total turnkey basis in eastern MP," RVNL said in the filing.

The project is to be executed in 18 months period, RVNL said adding that the size of the order is Rs 173,99,04,310.
 
RVNL, under the Ministry of Railways, is involved in project development, financing and implementation of projects related to rail infrastructure.

STEL is a steel structural manufacturer and EPC infrastructure company, providing services across telecom, energy and railways.