Penny Stock in focus as company bags two prestigious contracts worth Rs 695.18 crore by Rail Vikas Nigam Ltd
DSIJ Intelligence-1 / 27 Nov 2025/ Categories: Multibaggers, Penny Stocks, Trending
The stock is up over 50 per cent from its 52-week low of Rs 6.89 per share and has given multibagger returns of over 400 per cent in 5 years.
On Thursday, along with the Indian stock market in green with Sensex & Nifty-50 hitting an all-time high, shares of Salasar Techno Engineering Ltd jumped 7.82 per cent to Rs 10.76 per share from its previous closing of Rs 9.98 per share. The stock’s 52-week high is Rs 16.68 per share and its 52-week low is Rs 6.89 per share.
Salasar Techno Engineering Limited (STEL) has secured two significant domestic contracts from Rail Vikas Nigam Limited (RVNL), New Delhi, collectively valued at approximately Rs 695.18 crore. These contracts are focused on the Revamped Reforms-based and Results-linked, Distribution Sector Schemes (RDSS) under the Himachal Pradesh State Electricity Board Limited (HPSEBL) in the central zone, covering the Mandi, Bilaspur, Kullu, and Hamirpur operation circles. The first contract, valued at approximately Rs 524.99 crore, is a "Service Support & Procurement Management Contract" for the procurement of Electrical and Mechanical (E&M) items essential for developing the distribution infrastructure and reducing power losses.
The second contract, valued at approximately Rs 170.19 crore, is for the corresponding "Erection work" required for the same distribution infrastructure development, thus ensuring a comprehensive implementation of the scheme.
The successful execution of these two contracts by STEL is mandated within a 20-month timeline, adhering to the General Condition Contract terms. The projects, both domestic in nature, will play a crucial role in enhancing the reliability and efficiency of the power distribution network in the specified regions of Himachal Pradesh. By undertaking both the procurement management and the physical erection work, STEL is positioned to deliver an integrated solution aimed at achieving the loss reduction goals outlined under the central government's RDSS scheme for HPSEBL. This substantial order win from RVNL highlights STEL's role in India's ongoing efforts to modernise and improve its electricity distribution infrastructure.
About the Company
Established in 2006, Salasar Techno Engineering Limited (STEL) is a leading provider of customised steel infrastructure solutions in India. They offer a comprehensive range of services, including engineering, design, fabrication, galvanisation and installation. STEL's product portfolio includes various towers (telecom, power transmission, lighting, etc.), substations, Solar structures, Railway electrification components, bridges and custom steel structures. Moreover, they act as an EPC contractor, managing complete projects for rural electrification, power lines and solar plants.
According to Quarterly Results (Q2FY26), the net sales of Rs 427 crore and the net profit of Rs 16 crore. In FY25, the company reported net sales of Rs 1,447.43 crore and net profit of Rs 19.13 crore. The company has a market cap of over Rs 1,700 crore and as of December 31, 2024, STEL has a strong Order Book of Rs 2,198 crore. The stock is up over 50 per cent from its 52-week low of Rs 6.89 per share and has given multibagger returns of over 400 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.