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Private Sector | Tamil Nadu - India | PID: 202074
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Salasar Techno Engineering Ltd. (STEL), a distinguished player in the manufacturing of large and heavy steel structures, as well as providing tailored steel structures and EPC solutions across various industries, has successfully clinched a significant Engineering, Procurement, and Construction (EPC) contract valued at Rs. 3,640 million
The EPC contract, a testament to STEL's prowess in engineering and infrastructure solutions, is geared towards the execution of Loss Reduction work in Turnkey Mode. This landmark contract encompasses a comprehensive scope of work aimed at fortifying the power infrastructure in the Erode district of Tamil Nadu
STEL is tasked with the Supply, Erection, and Installation of Feder Segregation, High Voltage Distribution System, Separation of Double Distribution Transformer, and Augmentation of 33KV Lines under this contract. The project is anticipated to bolster STEL's order book and is slated for completion within a 36-month timeframe, promising healthy EBITDA margins
The management team of STEL expressed their delight regarding this noteworthy achievement. They emphasized the company's commitment to excellence and demonstrated capabilities in delivering cutting-edge infrastructure solutions. The project, secured from the Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO), showcases STEL's prowess in executing loss reduction initiatives in a turnkey capacity
The statement from the management highlighted their intent to handle every aspect of the project, from design and engineering to manufacturing, testing, and the ultimate supply, erection, and installation of critical components. The project's phased execution reflects STEL's strategic approach to project management and reinforces its position as a reliable and innovative partner in the development of robust power infrastructure across the region
The management team underscored their dedication to winning integrated projects, expanding the scale of operations, and enhancing profitability. The contract not only signifies their commitment to excellence but also highlights their ability to provide end-to-end solutions for complex electrical infrastructure initiatives
In closing, the management expressed gratitude to the entire team for their resilience and unwavering support, acknowledging the invaluable contribution of every team member in achieving this significant milestone. They reiterated their commitment to sustainable growth, ongoing investments in network and technology, and a proactive approach to identifying new avenues for growth and innovation in the dynamic engineering and construction landscape
| Updated on: 02 - Dec - 2023
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