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Salasar Techno Engineering

Salasar Techno Engineering

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Relaince Group

Sector: Refineries

Market Price

2,529.50

Market Cap(₹Cr.)

2,529.50

-90.00

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Overview

The company was originally incorporated as ‘Salasar Petrochemicals Private Limited’ under the provisions of the Companies Act, 1956 vide certificate of Incorporation dated October 24, 2001. The company was renamed as Salasar Techno Engineering Private Limited and fresh certificate of incorporation consequent upon change of name was issued by the RoC on June 13, 2006. Subsequently, the Company was converted into a public limited company pursuant to a resolution of their Shareholders at an extraordinary general meeting held on August 02, 2016, and, the name of Company was changed to Salasar Techno Engineering Limited and a fresh certificate of incorporation consequent upon conversion to public limited company was issued by the Registrar of Companies, Mumbai (‘RoC’) on August 16, 2016. 

Salasar Techno Engineering is an ISO 9001: 2008, 14001: 2004 and 18001: 2007 certified company managed by experienced and dedicated promoters to address the changing needs of the customers in Infrastructure space. The company commenced its manufacturing/fabrication activities in the Financial Year 2006-07 when first unit became operational. With the addition of a second unit in 2008-09, it now provides all kinds of steel fabrication and infrastructure solutions in addition to Telecom Towers and its projects have been executed in all kinds of geographical locations nationally. In addition, the company undertake civil foundation work, erection of towers both telecom & transmission at site including painting. Also, it has undertaken EPC Turnkey projects for solar mounting structures for its clients.
Business area of the company.

The company is a provider of customised steel fabrication and infrastructure solutions in India for Telecommunication Towers, Transmission Towers & Substation Structures and Solar Module Mounting Structures. It provides 360 degree solutions by carrying out engineering, designing, fabrication, galvanization and deployment. The company’s products include Telecommunication Towers, Power Transmission Line Towers, Smart Lighting Poles, Monopoles, Guard Rails, Substation Structures, Solar Module Mounting Structures and Customized Galvanized & Non-galvanized steel structures.

Major events and milestones:

  • 2005: The company ‘Salasar Petrochemicals Private Limited’ was taken over by Promoters which was having factory land at Uttar Pradesh.
  • 2007: The name of the company changed from Salasar Petrochemicals Private Limited to Salasar Techno Engineering Private Limited vide fresh certificate of incorporation dated June 13, 2006.
  • 2007: Started its production at Unit 1, Khasra, Distt Hapur in Uttar Pradesh.
  • 2008: Setup of Second unit situated at Khasra, Ghaziabad in Uttar Pradesh, India.
  • 2010: Expansion of Unit II by acquiring land & building situated at Khasra, Ghaziabad in Uttar Pradesh, India.
  • 2011: Incorporation of Salasar Stainless Limited as a Wholly Owned Subsidiary of company.
  • 2012: New plant started in subsidiary Company at Khasra (U.P.) to manufacture stainless steel pipes.
  • 2014: Takeover of Ganges Concast Industries by Salasar Stainless (Wholly Owned Subsidiary of company).
  • 2014: Acquisition of land situated at Khasra in Uttar Pradesh to consolidate with unit I.
  • 2017: Conversion of company into a public limited Company and change of name to Salasar Techno Engineering Limited vide fresh certificate of incorporation dated August 16, 2016.
  • 2017: Amalgamation of Ganges Concast Industries Limited with Salasar Stainless Limited.
  • 2017: Installation of the Galvanizing Plant at its wholly-owned subsidiary Company ‘Salasar Stainless Limited’ for further expansion in capacity.
  • 2017: Entered into a Joint Venture in the form of Association of Person (AOP) with Sikka Engineering Limited, namely Sikka Salasar JV.
  • 2018: Land purchased for expansion of Business.
  • 2018: Approval for technical qualification received from Power Grid Corporation for supply of towers/tower parts for Transmission Lines for Unit 1.

Awards and accreditations

  • 2014: Robust and long standing business collaboration with Ramboll’s Telecom Consulting arm by maintaining the No. 1 position as their Indian Partner for tower supply.
  • 2014: Winner of the prestigious 'Gold Award' for support in Infra- Towers from Indus Towers in 2014 as an acknowledgement of focus in delivering excellence to customers.
  • 2014: Winner of 'Hero Award' from Indus Towers commending zero fatalities and upholding high Environment, Health and Safety standards at site in its UP(East) Circle for March 2014.

 

Brands Of Salasar Techno Engineering

Brands Of Salasar Techno Engineering

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