Salasar Techno Engineering Ltd Secures INR 695.18 Crores Contracts from Rail Vikas Nigam Limited

Salasar Techno Engineering Limited (STEL) has been awarded two significant contracts worth approximately INR 695.18 Crores by Rail Vikas Nigam Limited (RVNL) for development of distribution infrastructure for loss reduction works at Mandi, Bilaspur, Kullu and Hamirpur operation circle at central zone of HPSEBL under Revamped Reforms-based and Results-linked, Distribution Sector Schemes (RDSS). The contracts include a 'Service Support & Procurement Management Contract' for procurement of Electrical & Mechanical items and 'Erection work' for development of distribution infrastructure. The contracts are domestic, with a time period of 20 months for execution. The total consideration for the Service Support & Procurement Management Contract is Rs. 524.99 Crores (Inclusive of GST) and Rs. 170.19 Crores (Inclusive of GST) for the Erection Work.