Salasar Techno Engineering spurts on bagging deal worth Rs 170 cr from Rites – Business Standard
Salasar Techno Engineering rallied 4.05% to Rs 272.20 after The agency secured A buy order order of Rs 170 crore from Rites.
As per the commerce submitting, the enterprise consists of the – “Railway Electrification of 25kV OHE works collectively with TSS Widespread Electrification, Civil Engineering works collectively with Tower Wagon Shed, Service Buildings, Staff Quarters, Monitor works and Signalling and Telecommunication works on current track of single line part of Udaipur metropolis (Excl.) – Himmatnagar (Excl.) 210 RKM (234.99 TKM) part of Ajmer division of North Western Railway.”
Salasar Techno Engineering’s consolidated internet revenue jumped 22.6% to Rs 10.02 crore on a 35.7% surge in internet gross sales to Rs 200.19 crore in Q2 FY22 over Q2 FY21.
Salasar Techno Engineering is a supplier of custom-made metallic fabrication and infrastructure options in India.
In the meantime, shares of Rites declined 1.34% to Rs 269.40 on BSE. The scrip hit an intraday extreme and low of Rs 273.05 and Rs 266.80 respectively.
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(This story has not been edited by Enterprise Regular staff and is auto-generated from a syndicated feed.)
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