Choice Broking has come out with its report on Salasar Techno Engineering. The research firm has recommended to “Subscribe ” the IPO in its research report as on July 13, 2017
STEL is one of the leading players in the telecom tower industry and has manufactured and erected around 10,000 towers since inception. The company is a manufacturing/fabrication partners for Ramboll’s technical expertise. They are only three companies, which has a technical collaboration with Ramboll. Among these three players, STEL is the largest player. There is a huge demand of Ramboll telecom towers, owing to its innovative design, light weight, costing etc. Telecom tower business is anticipated to grow by 3% CAGR and STEL is confident of continuing the business momentum as it has a long service relationship with the leading Indian telecom players. The company in future is expected to test the export market for the telecom towers (especially with Ramboll expertise).
STEL also has presence in solar sector and is involved in fabricating the solar module mounting structure. On a pan-India basis, it has a market share of 5% in the installed solar power projects. The government aims to add 175GW of solar capacity by 2020. Thus we anticipate continued huge in investment in the solar sector, thereby benefiting players like STEL.
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