Salasar Techno Engineering Ltd

Salasar Techno Engineering Ltd

About [ edit ]
Established in 2006 as a tower manufacturer, Salasar Engineering Limited, has emerged as a fast-growing Steel structure manufacturer & EPC infrastructure company, providing services across telecom, energy and railways sector. [1]

Key Points [ edit ]
Products & Services
The company provides 360-degree solutions through engineering, designing, fabrication, galvanisation, and deployment services for the telecom and solar sectors. It is also engaged in erecting towers and transmission line towers in the EPC segment. [1]

Designing and Manufacturing Products[2]
a) Telecom Towers
b) Pre-Fabricated Buildings
c) EPC Projects for Railway electrification
d) EPC Projects for Transmission Lines
e) Buildings and Bridges

Key Facts – FY23[3]
Telecom Towers Supplied – 50,000+
Annual Production capacity – 1,15,000 MTPA
Power Transmission lines executed – 702 KMS
Railway Track electrification executed – 588 KMS

Revenue Split[4]
Manufacturing – Steel Structures and Others: 72% in Q2FY24 vs 65% in Q2FY23
EPC – Power Transmission: 23% in Q2FY24 vs 13% in Q2FY23
EPC – Railway Electrification: 5% in Q2FY24 vs 22% in Q2FY23

Geographical Presence[5]
STEL has a Pan-India presence and exports to 25+ Nations including West Africa, East Africa, Central Africa, Philippines, Saudi Arabia, Nepal, Myanmar, etc.

Geographical Split – FY23[6]
Domestic – 91%
Exports – 9%

Manufacturing Facility[5]
Company has 3 manufacturing and galvanizing facilities in Uttar Pradesh for production of steel structures. The facilities are equipped with machinery for precision manufacturing such as CNC Machines, and industrial machinery along with hydra and cranes for the physical displacement of products within the facility.

Manufacturing Capacity[5]
A) Tower/Structure manufacturing and Galvanization – 1,96,000 MTPA
B) Heavy Steel Structural Division – 15,000 MTPA

Clientele[7]
Airtel, Huawei, Jio, Bajaj, Adani solar, L&T, Tata Projects, Jindal Steel and Power, American Tower, etc.

Order Book – H1FY24[8]
Domestic EPC orders – 1009 Crs
Export EPC orders – 211 Crs
Heavy Steel Structure Division -130 Crs
Monopoles – 53 Crs
Telecom Tower Exports – 37 Crs
Co. receives regular monthly orders of 30-35 cr. for telecom towers

Collaboration
Co has collaborated with the world’s leading consulting giant Ramboll for Technical Design and Quality Control of their Telecommunication Towers, Monopoles, Poles, and Smart Poles. [9]

Joint Venture
Co. incorporated Salasar Adrous LLP, a JV with Adrous Advisors Pvt. Ltd. to undertake infra-related works such as track laying for railways and tramways, etc, and secured the first order from Texmaco Rail and Engineering Ltd. worth Rs 252 cr for Bangalore Metro Corporation ltd for design, supply, installation, testing & commissioning of ballastless track of standard gauge. [10]

Capex[11]
A) STEL is setting up a new zinc plant at its existing unit-3 with a capacity of 96,000 metric tonnes per annum (MTPA) with capex of Rs. 50 crore out of which Rs. 37 crore is funded through term loans and the rest is being funded through internal accruals of Rs. 13 crore.

B) Co. is setting up a new Heavy Steel Structure (HSD) manufacturing plant in Bhilai, Chhattisgarh with a capacity of 25,000 MTPA. The total cost of this project is Rs. 60 crore which will be funded through a bank term loan of Rs. 46.66 crore and internal accrual of Rs. 13.34 crore. The plant is expected to commission from FY25