Published On:February 28 2024
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"Salasar Techno Engineering Ltd Secures Order Worth Rs. 2,000 Mn from ZETWERK Business Pvt. Ltd"

Salasar Techno Engineering Ltd. (referred to as "Salasar" or "the Company"), renowned for its comprehensive engineering and infrastructure solutions, has recently inked a significant agreement with M/s ZETWERK Businesses Pvt Ltd. The contract, valued at over Rs. 2,000 Mn, entails Salasar to supply 25,000 MT of Solar Structures to ZETWERK or its affiliates for subsequent export.

As a leading player in providing turnkey EPC services for Railway and Power sectors, as well as in the design and manufacturing of telecom towers, Monopoles, and other Heavy Steel Structures, Salasar's collaboration with ZETWERK underscores its commitment to advancing sustainable solutions.

The management team of Salasar expressed enthusiasm about the strategic partnership, highlighting its pivotal role in broadening the Company's operational scope and contributing to the global shift towards renewable energy. The contract not only bolsters Salasar's order book but also reinforces its position as a trusted supplier of top-quality infrastructure solutions.

The agreement, anticipated to be completed within 12 months, is expected to yield healthy EBITDA margins. Salasar remains dedicated to timely execution and delivery excellence, further cementing its reputation for reliability and performance in the industry.

The collaboration with ZETWERK emphasizes Salasar's established presence in the renewable energy sector and underscores its adaptability in meeting dynamic industry requirements. Moving forward, Salasar remains committed to delivering exceptional solutions, advancing sustainability objectives, and maximizing value for its stakeholders.

EQUITYBULLS





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