Salasar Techno wins Rs 143 crore order from Nepal Electricity Authority

Salasar Techno Engineering has secured the first-ever EPC order from a foreign country. The steel structure manufacturer through an exchange filig informed that it has secured an order worth Rs 143 crore from Nepal Electricity Authority (NEA).

The order includes the procurement of material equipment, associated accessories and necessary installation services.

The company said that the order will strengthen its existing orderbook and will be executed in next 24 months.

Shashank Agarwal of Salasar Techno said that the latest order by NEA has allowed the company to establish its presence in the exports market.

"This order win showcases the strength in executing large orders, developing products with cutting edge research and development," he said.

On the financial front, he added that the order strengthens the company's robust order book and is expected to yield good margins.

Salasar Techno Engineering was incorporated in 2001. It is a provider of customised steel fabrication and infrastructure solutions.

Meanwhile, shares of Salasar Techno Engineering jumped 5 per cent during Wednesday's trade to quote Rs 52 apiece on NSE.