Salasar Techno Engineering receives orders worth Rs 1,182 cr in FY22

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Photo source: SALASARTECHNO.COM

Salasar Techno Engineering has received orders worth Rs 1,182 crore on FY22

Salasar Techno Engineering said on Wednesday that it had received orders worth Rs 1,182 crore in 2021-22, an increase of about 20 per cent year-on-year. The company said its overall order book in 2020-21 was Rs 988 crore.

Out of Rs 1,182 crore, EPC (Engineering Procurement and Construction) orders were Rs 938 crore, Heavy Steel Structures Department orders were Rs 200 crore and export orders were Rs 44 crore.

Also, there was a monthly order of Rs 35-40 crore from telecom and other structures, the agency said, adding that it has also built four towers at Goa airport.

The company has a net profit of Rs 31.5 crore for 2021-22, an increase of about 6 per cent over Rs 29.8 crore in the previous year. Its turnover was higher at Rs 718.9 crore from Rs 596.6 crore in the previous financial year.

“FY22 has been a challenging year in terms of unusual and unprecedented volatility in the prices of both steel and zinc products. The money has gone, ”said managing director Shashank Agarwal.

Agarwal recently said that his company would invest Rs 100 crore to expand its business. Rs 50 crore will be invested for setting up a fabrication unit at Villai, another Rs 50 crore will be used for setting up a galvanizing plant.

New Delhi-based Salasar Techno Engineering works in engineering, designing, procurement, fabrication and galvanization for telecom players.

Read more: Salasar to invest Rs 100 crore in Techno Engineering business expansion, hire 600 professionals

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