Punjab News Network

Salasar Techno Engineering’s Concentration on PSU Order Status in the Railway and Power Sectors

<p>Thanks to its decades of expertise, STEL has been able to increase the size of its order book and is presently working on new contracts that Indian Railways and key power sector PSUs have granted it in the previous few years, valued at Rs. 25,164.3 million. Additionally, the company has been acknowledged as a successful bidder (L-1) for many other contracts, with a total value of Rs. 9,793.7 Mn. to date. The construction of “Distribution Infrastructure for Loss Reduction” in compliance with the Revamped Distribution Sector Scheme (RDSS) of the Indian government is the main goal of these contracts.</p>
<p><img decoding=”async” class=”alignnone wp-image-370964″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-salasar-techno-engineerings-concentration-on-psu-order-status-in-the-railway-and-p.jpg” alt=”theindiaprint.com salasar techno engineerings concentration on psu order status in the railway and p” width=”1076″ height=”606″ title=”Salasar Techno Engineering's Concentration on PSU Order Status in the Railway and Power Sectors 9″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-salasar-techno-engineerings-concentration-on-psu-order-status-in-the-railway-and-p.jpg 600w, https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-salasar-techno-engineerings-concentration-on-psu-order-status-in-the-railway-and-p-390×220.jpg 390w, https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-salasar-techno-engineerings-concentration-on-psu-order-status-in-the-railway-and-p-150×85.jpg 150w” sizes=”(max-width: 1076px) 100vw, 1076px” /></p>
<p>“It gives us immense pleasure to showcase the status of orders in the fast-growing Railway and Power Sectors PSUs,” said the STEL management team. We are currently working toward the completion of additional contracts valued at approximately Rs. 6,091.9 Mn for Indian Railways and approximately Rs. 19,072.4 Mn for Power Sector PSUs. Over the years, we have successfully executed orders worth approximately Rs. 1,449.2 Mn from Indian Railways and approximately Rs. 5,861.1 Mn for Power Sector PSUs. By winning these contracts over the last several years, we have been able to firmly establish our presence and demonstrate our capacity to carry out contracts for vital infrastructural projects in the railway and power sectors. This demonstrates our sustained expansion and tactical positioning within the sector.”</p>
<p>“As we advance, we are officially recognized as L-1 bidders for multiple contracts worth approximately ~Rs. 9,793.7 Mn. under the Government of India’s Revamped Distribu.on Sector Scheme (RDSS) for the development of ‘Distribution Infrastructure for Loss Reduction.’” We are the go-to company for contracts worth millions of rupees from Indian Railways and power sector PSUs on an ongoing basis because of our ability to execute awarded projects with extremely fine precision in a timely manner and our capacity to ramp up operations in the shortest amount of time anywhere,” the management continued.</p>
<p>We think that India is about to undergo a significant transformation. The government’s efforts to electrify all of the country’s rural and urban residents, the need to upgrade and modernize the country’s current transmission system, the massive expansion of the railway network, and the completion of Indian Railways’ existing network electrification will all present excellent opportunities for the company’s business growth.</p>
<p>In addition, India is the world’s third-largest producer and consumer of energy. The Central Energy Authority (CEA) projects that by 2030, India’s power needs will amount to 817 GW. Furthermore, the infrastructure industry in India is anticipated to increase significantly and be a key factor in advancing the nation’s economic development. The management team of Salasar Techno Engineering released a statement saying, “This growth is set to create an environment conducive to increased investment and business expansion.”</p>
<p>“Having been in this business for over 20 years, we are committed to fulfilling our primary goal of providing outstanding engineering and construction solutions. We now possess the knowledge and skills necessary to handle contracts effectively, and we’ll keep an eye out for chances to grow and broaden our service offerings in the aforementioned market. They said, “We will continue to invest in our capacity and capability to provide critical infrastructure elements, such as power transmission, railway electrification, telecom, smart cities, bridges, heavy structures, and other infrastructure, to support India’s global competitiveness.”</p>