Synopsis: Salasar Techno Engineering surged 8% after winning Rs. 695.18 crore worth of RVNL contracts under the RDSS scheme. The projects strengthen its power distribution portfolio, covering procurement and erection work across four Himachal Pradesh regions.
This company manufactures and sells Galvanized Steel Structure, and executes EPC projects in telecom towers, power distribution infrastructure, railways, and steel fabrication is now in the focus after it secured an order worth of Rs. 695 cr from RVNL
With market capitalization of Rs. 1,767 cr, the shares of Salasar Techno Engineering Ltd are currently trading at Rs. 10.11 per share, increasing nearly by 8% in today’s market session making a high of Rs. 10.76, from its previous close of Rs. 9.98 per share. Over the past six months, stock has gained 13%; but over the past year, it is down 37%.
About the order
Salasar Techno Engineering Ltd has secured two major contracts worth Rs. 695.18 crore from Rail Vikas Nigam Limited (RVNL), marking a significant boost to its engineering and infrastructure portfolio.
The contracts include a Service Support & Procurement Management Project valued at approximately Rs. 524.99 crore, and an Erection Work Project worth around Rs. 170.19 crore, both aimed at developing distribution infrastructure to reduce power losses across Mandi, Bilaspur, Kullu, and Hamirpur under the Revamped Reforms-Based and Results-Linked Distribution Sector Scheme (RDSS) of HPSEBL.
These domestic projects, to be executed within 20 months, involve procurement, electrical and mechanical support, and large-scale infrastructure upgrades. With this win, Salasar strengthens its position in power distribution engineering, while confirming that there are no related-party interests involved in the award.
About the company
Salasar Techno Engineering Ltd is a leading engineering, procurement, and construction (EPC) company specializing in telecom towers, power distribution infrastructure, railways, and steel fabrication. Known for its diversified capabilities, the company delivers turnkey solutions including design, manufacturing, galvanization, and project execution. With multiple manufacturing units in Uttar Pradesh and a strong track record of executing large-scale national projects, Salasar continues to expand its presence across power, telecom, and railway sectors.
The company reports a ROCE of 11% and a ROE of 4.1%, with a debt-to-equity ratio of 0.43, indicating moderate leverage and modest returns on capital and equity.
The company delivered a strong set of numbers in Q2 FY26, with sales rising 52% to Rs. 427 crore compared to Rs. 281 crore last year. EBITDA increased 63% YoY to Rs. 41.9 crore, reflecting improved operating efficiency. Net profit surged 64% YoY to Rs. 16 crore, up from Rs. 9.68 crore, showcasing robust bottom-line growth. EPS also climbed 50% YoY, rising to Rs. 0.09 from Rs. 0.06 in the previous year.
Written by Manideep Appana
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