Salasar Techno Engineering News

Salasar Techno Engineering Secures Two Major Contracts Worth Rs 695.18 Crore

Salasar Techno Engineering has been awarded two contracts with a combined value of approximately Rs 695.18 crore. The contract wins represent significant business development for the engineering company, potentially boosting its revenue pipeline.

Salasar Techno Engineering Reports Mixed Q2 Results with Revenue Decline and Regulatory Fine

Salasar Techno Engineering's board approved unaudited financial results for the quarter and six months ended September 30, 2025, while also noting a fine imposed by stock exchanges for non-compliance with SEBI regulations for the quarter ended June 30, 2025. The company authorized its Managing Director to explore funding options for working capital and future growth while announcing the trading window will reopen on November 16, 2025.

Salasar Techno Engineering Surges 35% in Two Sessions on Strong Volumes

Salasar Techno Engineering shares surged 15% on Tuesday, September 9, following Monday's 20% upper circuit gain, marking a nearly 35% increase over two sessions. The infrastructure and engineering services company saw exceptional trading volumes with over 8 crore shares traded Monday and 5 crore shares within the first two hours Tuesday, compared to a 20-day average of 16 lakh shares. The stock broke above its 100-day moving average on Monday and crossed its 200-day moving average on Tuesday. The company operates in steel structure manufacturing, EPC services, and telecom infrastructure. Its 2017 IPO was oversubscribed by over 250 times. The company issued four bonus shares for every one share held in 2024 and conducted a stock split in 2022. Despite the recent surge, shares remain down 25% year-to-date, trading at ₹10.67.