Salasar Techno Engineering share price added over 2 percent intraday on May 26 after company bagged new orders worth Rs 54.90 crore from ITI Bangalore.
“…. has received LOA from ITI Bangalore for constructing telecom towers at various locations in India,” company said in the release.
The cost of the work allocated is Rs 54.90 crore (exclusive of GST) which involves design, supply, construction and commissioning of towers across various army bases.
“This project is very special to us as this is of significant national importance. We had participated in the tender floated by ITI a few months back and have won this work based on our past experience and capabilities and of course by offering the most competitive prices," said Shashank Agarwal, MD of Salasar Techno Engineering.
At 11:33 hrs, Salasar Techno Engineering was quoting at Rs 637.40, up Rs 17.05, or 2.75 percent on the BSE.
The share touched a 52-week high of Rs 648.80 and a 52-week low of Rs 96.80 on 24 May, 2021 and 02 June, 2020, respectively.
Currently, it is trading 1.76 percent below its 52-week high and 558.47 percent above its 52-week low.
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