Salasar Techno Engineering is in the green today, rising 3% to an intraday high at Rs.637.55, just 2% away from its 52-week high of Rs.648.80. Volumes though were low at less than 8k shares traded till now. Its market cap is at Rs.876 crore.
The company announced today morning that it has bagged new orders worth Rs.55 from IIT Bangalore. This is for construction of telecom towers at various locations, of different heights from 30 mtrs to 120 mtrs and will be used for improving defense force communication.
Two days ago, the company had won an order from Power Grid Corp for construction of power transmission line network and substations in Assam, worth Rs.239 crore.
The company is a provider of customized steel fabrication and infrastructure solutions in India.