Salasar Wins Rs 6.95 Billion RVNL Orders In Himachal Pradesh
ECONOMY & POLICY

Salasar Wins Rs 6.95 Billion RVNL Orders In Himachal Pradesh

Steel structure manufacturer Salasar Techno Engineering Ltd on Thursday (26 November) announced that it has secured two contracts worth a combined Rs 6.9518 billion from Rail Vikas Nigam Ltd (RVNL).

Both orders relate to the development of distribution infrastructure for loss-reduction works across the Mandi, Bilaspur, Kullu and Hamirpur operation circles under the central zone of the Himachal Pradesh State Electricity Board Ltd. The projects fall under the Revamped Reforms-based and Results-linked Distribution Sector Scheme (RDSS).

The first contract, valued at Rs 5.2499 billion including GST, is for Service Support and Procurement Management, covering the sourcing of electrical and mechanical equipment. The second contract, worth Rs 1.7019 billion including GST, is for erection works linked to the same infrastructure development programme.

Salasar said the projects, awarded by a domestic entity, will be executed within 20 months. The company clarified that neither its promoter group nor related parties have any interest in RVNL and that the orders do not constitute related-party transactions. Both contracts will be executed under the General Condition Contract (GCC) framework.

Shares of Salasar Techno Engineering Ltd closed at Rs 9.93, down 1.19 per cent on the BSE.

Steel structure manufacturer Salasar Techno Engineering Ltd on Thursday (26 November) announced that it has secured two contracts worth a combined Rs 6.9518 billion from Rail Vikas Nigam Ltd (RVNL). Both orders relate to the development of distribution infrastructure for loss-reduction works across the Mandi, Bilaspur, Kullu and Hamirpur operation circles under the central zone of the Himachal Pradesh State Electricity Board Ltd. The projects fall under the Revamped Reforms-based and Results-linked Distribution Sector Scheme (RDSS). The first contract, valued at Rs 5.2499 billion including GST, is for Service Support and Procurement Management, covering the sourcing of electrical and mechanical equipment. The second contract, worth Rs 1.7019 billion including GST, is for erection works linked to the same infrastructure development programme. Salasar said the projects, awarded by a domestic entity, will be executed within 20 months. The company clarified that neither its promoter group nor related parties have any interest in RVNL and that the orders do not constitute related-party transactions. Both contracts will be executed under the General Condition Contract (GCC) framework. Shares of Salasar Techno Engineering Ltd closed at Rs 9.93, down 1.19 per cent on the BSE.

Next Story
Infrastructure Energy

Delhi HC Stays PGCIL Order against KEC International

KEC International has informed stock exchanges of a significant legal development concerning its eligibility to participate in tenders floated by Power Grid Corporation of India (PGCIL), in a disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations.The update follows the company’s earlier intimation dated November 18, 2025, regarding an order issued by PGCIL that excluded KEC International from participating in its tenders for a period of nine months. Challenging the said order, the company filed a writ petition before the Hon’ble High C..

Next Story
Building Material

LANXESS Advances Pigment Solutions for New-Age Concrete Technologies

LANXESS is deepening its engagement with next-generation concrete technologies by advancing research into the performance of iron oxide pigments across emerging construction applications, including self-compacting concrete (SCC), geopolymers and 3D-printed concrete. Through extensive investigations and long-term weathering tests, iron oxide pigments have proven their suitability for a wide range of concrete construction materials, though their use in new formulations requires a thorough understanding of construction chemistry and material interactions.According to Oliver Fleschentraeger, Techn..

Next Story
Infrastructure Urban

JHS Svendgaard to Invest Rs 250 Million in Kala Amb Expansion

JHS Svendgaard Laboratories (JHS), a leading Indian manufacturer of oral care products, has announced an investment of Rs 250 million to expand its manufacturing footprint in Kala Amb, Himachal Pradesh. The investment is aimed at strengthening production capacity, introducing advanced technologies and supporting the company’s next phase of growth in response to rising domestic and global demand.As part of the expansion plan, JHS will construct a new 100,000 sq ft manufacturing facility on its existing five-acre land parcel at Kala Amb. The project is expected to be executed over a two-year p..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App