Deals1 Dec 2023, 11:01 pm
Salasar Techno Engineering Ltd. Bags Rs. 3640 Mn EPC Contract from TANGEDCO
AI Summary
Salasar Techno Engineering Ltd. (STEL) has secured an EPC contract worth Rs. 3,640 million from Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) for loss reduction work in turnkey mode. The contract involves the supply, erection, and installation of Feder Segregation, High Voltage Distribution System, Separation of Double Distribution Transformer, and Augmentation of 33KV Lines. The project is expected to be completed within 36 months and will yield healthy EBITDA margins.,
Key Highlights
- Secured Rs. 3,640 Mn EPC contract from TANGEDCO
- Loss reduction work in turnkey mode
- Comprehensive scope of work for power infrastructure in Erode district
- Expected to yield healthy EBITDA margins