Corporate Feature     

Published: May 15, 2024
Updated: May 15, 2024

Salasar Techno Engineering Ltd.

Successfully concludes the payment for acquisition of EMC Ltd.

Salasar Techno Engineering Ltd (STEL) (BSE: 540642, NSE: SALASAR), is a one stop engineering and infrastructure solution 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. In continuation to the company’s press release dated 16th March,2024, Salasar has effectively completed the payment of balance amount of Rs. 1,680 Mn for acquisition of EMC Ltd. (Formerly known as Electrical Manufacturing Company Limited). This demonstrates a pivotal moment in Salasar’s continuous pursuit of expanding market presence and capabilities.

Commenting on the above status, the management team of Salasar said, “We are thrilled to announce the timely completion of the payment for the acquisition of EMC Ltd., marking a monumental milestone in our journey of strategic expansion. Our ability to swiftly settle the full amount underscores our commitment to executing our plans with precision and agility.

This acquisition represents more than just a business transaction; it symbolizes our dedication to inorganically expand into allied areas within the engineering and infrastructure solutions sector. By integrating EMC Ltd.’s capabilities into our operations, we are not only broadening our service offerings but also strengthening our market position and enhancing our ability to cater to the evolving needs of our clients.

Our decision to pursue this acquisition aligns seamlessly with our longterm strategic objectives. It reflects our confidence in the growth potential of the EPC industry and our readiness to seize opportunities that align with our vision for sustainable expansion. The successful completion of the payment for the acquisition of EMC Ltd. is a testament to our unwavering commitment to creating value for our stake holders. We are confident that this strategic investment will yield significant returns, further solidifying our position as a leader in the field of engineering and infrastructure solutions.

As we embark on this new chapter of growth, we remain focused on leveraging our combined strengths to drive innovation, deliver excellence, and achieve sustainable success. We are excited about the possibilities that lie ahead and look forward to realizing the full potential of this acqui sition in the years to come.”

Incorporated in 2006, Salasar Techno is a provider of customized steel fabrication & infrastructure solutions in India. It provides 360-degree solutions by carrying out engineering, designing, fabrication, galvanization and deployment. Salasar Techno’s product portfolio includes telecommunication towers, power transmission line towers, smart lighting poles, utility poles, high mast poles, stadium lighting poles, monopoles, substation structures, solar module mounting structures, railway electrification (OHE), Road & Railway Over-Bridges (ROB) and customised galvanized & non-galvanized steel structures. Salasar Techno’s services include providing complete Engineering, Procurement & Control (EPC) for projects such as rural electrification, power transmission lines and solar power plants. The Company is among the leading manufacturers with the current installed capacity of 2,11,000 MTPA having supplied, 50,000+ Telecom Towers, ~746 km of Power Transmission Lines, ~629 km Railway Track, to 600+ clients in 25+ Countries.

July 15, 2024 - First Issue

Industry Review

VOL XV - 23
July 01-15, 2024

Formerly Fortune India Managing Editor Deven Malkan Assistant Editor A.K. Batha President Bhupendra Shah Circulation Executive Warren Sequeira Art Director Prakash S. Acharekar Graphic Designer Madhukar Thakur Investment Analysis CI Research Bureau Anvicon Research DD Research Bureau Manager (Special Projects) Bhagwan Bhosale Editorial Associates New Delhi Ranjana Arora Bureau Chief Kolkata Anirbahn Chawdhory Gujarat Pranav Brahmbhatt Bureau Cheif Mobile: 098251-49108 Bangalore Jaya Padmanabhan Bureau Chief Chennai S Gururajan Bureau Chief (Tamil Nadu) Ludhiana Ajitkumar Vijh Bhubaneshwar Braja Bandhu Behera

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