Stock Report

Salzer Electronics Secures Major Order for Smart Meters under RDSS

Posted On : 2025-03-17 10:30:47( TIMEZONE : IST )

Salzer Electronics Limited, a leading manufacturer of wide array of electrical products, announced that, it has received a second order valued at INR 50 crore for Smart Energy Meters from one of the largest Advanced Metering Infrastructure Service Providers (AMISP) in India.

This follows an initial order of INR 5 crore received in the previous quarter from the same customer, underscoring their continued trust in our products and manufacturing capabilities. This repeat order further validates Salzer's position as a key player in India's growing smart metering sector.

With an annual production capacity of 4 million Smart Meters, our newly established manufacturing facility is well-prepared to meet the increasing demand in India's rapidly evolving energy infrastructure. This development aligns with Salzer Electronics Limited's strategic vision to contribute to the nation's smart metering initiative and support the transition to more efficient and reliable energy management systems.

Commenting on the order, Mr. D Rajesh Kumar, Joint Managing Director said, "We take immense pride in being a valued partner in the Government of India's ambitious Revamped Distribution Sector Scheme (RDSS), a transformative initiative aimed at modernizing the nation's power sector through advanced smart solutions. This order is a testament to Salzer's dedication to excellence and our ability to meet stringent quality standards in smart metering technology."

We remain committed to updating our stakeholders on key business milestones and further growth in this sector.

Shares of Salzer Electronics Limited was last trading in BSE at Rs. 865.80 as compared to the previous close of Rs. 843.40. The total number of shares traded during the day was 13339 in over 1249 trades.

The stock hit an intraday high of Rs. 874.85 and intraday low of 836.00. The net turnover during the day was Rs. 11440360.00.