Corporate Feature     

Published: June 15, 2023
Updated: June 15, 2023

Salasar Techno Engineering

Riding expertise in telecom towers: Scorecard: 50,000 telecom towers

The New Delhi-based, home-grown Salasar Techno Engineering (STEL) is going from strength to strength. The company was established in 2006 to manufacture telecom towers and then aspired to emerge as a one-stop solution for India’s infrastructure sector by taking up the manufacture of customized, large and heavy steel structures and providing EPC solutions to a diverse range of industries, including telecom, railways, transmission and distribution by carrying out engineering designing, procurement, fabrication, galvanization and strengthening under one roof. The company has made rapid strides during the last 17 years by supplying over 50,000 telecom towers, setting up more than 500 km of power transmission lines and achieving over 400 km of railway track electrification.

During the last 12 years, Salasar’s sales turnover has expanded from Rs 108 crore in fiscal 2012 to Rs 1,005 crore in fiscal 2023, with operating profit shooting up from a negative figure of Rs 4 crore (loss) to Rs 92 crore and the profit at net level spurting by eight times – from Rs 5 crore to Rs 40 crore. During Q4 of fiscal year 2023, the company put up a record performance with revenues rising to a new high of Rs 296.32 crore as compared to Rs 212.71 crore in the corresponding quarter of fiscal 2022, and the profit at net level more than doubling to Rs 14.73 crore from Rs 7.13 crore. For the whole fiscal year 2023, the company’s revenues have crossed the Rs 1,000-crore mark for the first time in its history. Enthused by this performance, the board of directors has proposed a final dividend of 10 per cent.

CUTTING-EDGE

Today, the company has 3 state-of-the-art manufacturing facilities with a total manufacturing capacity of 15,000 mtpa, equipped with cutting edge technologies, in-house IIT-certified designs, and time-tested Ramboll designs and tools to enhance its capabilities. (In order to offer the best of products and services, the company has collaborated with Ramboll, the world’s leading consulting giant).

Going ahead, the company is setting up two new manufacturing units in Hapur (Uttar Pradesh) and Bhilai (Chhattisgarh) to produce value-added products which will double its manufacturing capacity and further add to its topline as well as bottomline.

Striking an optimistic note about future prospects, Mr Agarwal says, “We will continue to invest in our network and technology, while also exploring new opportunities for growth and innovation.”

EXPORTS BOOM

Besides making its presence felt on a pan-India basis, the company is spreading its wings to overseas countries. It has already exported its products to 25 countries, including West Africa, East Africa, Central Africa, Philippines, Saudi Arabia, Nepal and Myanmar. Recently, it secured its first offshore contract worth Rs 143 crore from the Nepal government.

The company is sitting on a robust order book worth Rs 1,522 crore, ensuring strong revenue visibility.

Little wonder, the improving performance is well reflected in its stock price which has more than doubled during the last 52 weeks – from Rs 22 to Rs 47. Needless to say, its prospects are all the more promising going ahead.