Salasar Techno Engineering Ltd secures NOA for contracts worth Rs. 10,337.8 Mn. from TANGEDCO

Salasar Techno Engineering Ltd. ("Salasar" or "The Company"), is a one stop engineering and infrastructure solutions provider. The Company is engaged in providing turnkey EPC services for Railway and Power sectors and is also engaged in designing and manufacturing of telecom towers, Monopoles and other Heavy Steel Structures.

Salasar, a prominent player in the field of providing engineering and infrastructure solutions, has secured a Notification of Award (NOA) for 7 distinct contracts aggregately worth Rs. 10,337.8 Mn from Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO).

As part of the contract, Salasar, operating within the framework of Revamped Reforms based and Results-linked, Distribution Sector Scheme:

- Will deliver a comprehensive turnkey service (except supply of DTs, Poles, and its Base Plate) in Coimbatore District of Tamil Nadu.

- Will undertake the development of distribution infrastructure prioritizing the reduction of losses and the enhancement of operational efficiency across various districts of Tamil Nadu. These include Tiruvallur, Kanchipuram, Chengalpattu, Karur - Rural Division in Karur District, Karur District, Krishnagiri District, Pallikonda, Vellore & Katpadi divisions in Vellore district, and Gingee division in Villupuram district.

This significant achievement underscores Salasar's unwavering commitment to advancing infrastructure development and fostering sustainable progress.

Commenting on the order win, the management team of Salasar said: "We are thrilled to announce that we have secured significant Notification of Award (NOA) for multiple projects aggregating to a total contract value of Rs. 10,337.8 Mn from the Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO). This significant achievement marks a pivotal moment for us and reinforces our position as a prominent player in the engineering and infrastructure solutions sector.

Under the framework of the Revamped Reforms-based and Results-linked Distribution Sector Scheme, we are set to provide a comprehensive turnkey service in the Coimbatore District of Tamil Nadu. Additionally, our commitment extends to developing distribution infrastructure across several key districts, strategically prioritizing the reduction of losses and the enhancement of operational efficiency in Tamil Nadu.

This contract underscores the trust and confidence that TANGEDCO has placed in our capabilities. It is a testament to our expertise, commitment to excellence, and track record of delivering innovative solutions tailored to the unique needs of our clients.

This contract not only amplifies our footprint in the industry but also reflects our dedication to contributing meaningfully to the socio-economic development of the communities we serve. By leveraging state-of-the-art technologies, dedicated team of professionals and best practices, we remain committed to upholding the highest standards of quality, safety, and environmental sustainability throughout the project lifecycle.

Source : Equity Bulls

Keywords

SalasarTechnoEngineering NOA OrderWin TANGEDCO