Salasar Techno Engineering Limited announced the successful securing of an Engineering, Procurement, and Construction (EPC) contract valued at INR 3,640 Million. from Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO). STEL a prominent player in the field of engineering and infrastructure soluIons, has been awarded a contract, valued at Rs.

3,640 Million. The contract focuses on execuIon of Loss ReducIon work in Turnkey Mode. The contract signals a significant milestone for The Company, involving a comprehensive scope of work aimed at enhancing the power infrastructure in Erode district of Tamil Nadu.

Under the contract, STEL is entrusted with the Supply, ErecIon, and InstallaIon of Feder SegregaIon, High Voltage DistribuIon System, SeparaIon of Double DistribuIon Transformer, and AugmentaIon of 33KV Lines. The above contract further strengthens the order book and is expected to get completed within 36 months, yielding heathy EBITDA margins.