Mumbai, November 27 (Udaipur Kiran): Shares of Salasar Techno Engineering were trading higher on the BSE after the company secured two major contracts worth a total of around Rs 695.18 crore from Rail Vikas Nigam Limited (RVNL). The stock was trading at Rs. 10.15, up by 0.17 points or 1.70 per cent from its previous close of Rs. 9.98.

The scrip opened at Rs. 10.68 and moved between a high of Rs. 10.76 and a low of Rs. 10.12 during the session. A total of 10,58,718 shares were traded on the counter so far.

The BSE Group ‘B’ stock, with a face value of Rs. 1, touched its 52-week high of Rs. 16.68 on December 6, 2024, and a 52-week low of Rs. 6.89 on August 14, 2025. Over the past one week, the stock moved between Rs. 9.85 and Rs. 10.76. The company’s current market capitalisation stands at Rs. 1,789.90 crore.

Promoters hold 48.04 per cent stake in the company, while institutional investors and non-institutional investors hold 3.55 per cent and 48.41 per cent respectively.

Salasar Techno Engineering has secured two contracts aggregating to around Rs 695.18 crore from Rail Vikas Nigam. The first order, worth around Rs 524.99 crore including GST, is for service support and procurement management of electrical and mechanical items for development of distribution infrastructure for loss reduction works at Mandi, Bilaspur, Kullu and Hamirpur operation circles in the central zone of HPSEBL under the Revamped Reforms-based and Results-linked Distribution Sector Scheme (RDSS).

The second order, worth around Rs 170.19 crore including GST, is for the supply and erection work for development of distribution infrastructure for loss reduction works at the same operation circles under the RDSS. Both orders are to be executed within 20 months.

Salasar Techno Engineering is a provider of customised steel fabrication and infrastructure solutions for telecommunication towers, transmission towers, substation structures and solar module mounting structures.

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