Business Standard

Wednesday, December 25, 2024 | 01:17 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Salasar Techno gains 8% on repeat order of Rs 350 million from Reliance Jio

The stock was trading at Rs 385,its highest level since listing on July 25, 2017, rallying 256% against issue price of Rs 108.

The new charges are being seen as a relief for the latest entrant, Reliance Jio. It is estimated to save about Rs 3,800 crore annually from this move
Premium

The new charges are being seen as a relief for the latest entrant, Reliance Jio. It is estimated to save about Rs 3,800 crore annually from this move

SI Reporter Mumbai
Shares of Salasar Techno Engineering have moved 8% higher to Rs 385 per share, also their new high on the BSE, after the company said it has received new orders of Rs 490 million from leading telecom players in India and Nepal.

The company received an order of Rs 350 million from Reliance Jio to supply 300 telecom towers, Salasar Techno Engineering said in a press release.

The company also received export order of 100 telecom towers worth Rs 140 million to Nepal, it added.

Commenting on this new order Shashank Agarwal, Joint Managing Director, said “This

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in