Salasar Techno wins Rs 695-crore orders in 2026

Deal win at a glance

Salasar Techno Engineering Ltd has reported fresh orders covering two separate contracts with a combined value of about Rs 695.18 crore. The disclosure includes a service support and procurement management contract valued at approximately Rs 524.99 crore and an erection work contract worth around Rs 170.19 crore. Separately, a market update also referenced Salasar Techno Engineering “spurts on bagging” a deal worth about Rs 170 crore from RITES.

These order wins come alongside other company disclosures, including progress on a proposed merger, an update on an Enforcement Directorate (ED) investigation, and an unexecuted order book figure shared by the company.

What the two new contracts cover

The larger of the two orders is described as a service support and procurement management contract worth around Rs 524.99 crore. The second is an erection work contract of about Rs 170.19 crore. The provided material does not specify execution timelines, project locations, or margin guidance for these two orders.

A separate headline stated Salasar Techno Engineering “spurts on bagging deal worth Rs 170 cr from Rites.” Based on the values cited, this Rs 170 crore reference aligns closely with the erection work contract amount shared in the order summary.

Order book visibility and ongoing execution

The company has also stated that its current unexecuted order book remains healthy at around Rs 2,200 crore. This figure was presented as providing visibility for execution over the coming quarters.

Salasar Techno Engineering has additionally confirmed it has secured and commenced work on a Rs 232-crore EPC order from Uttar Pradesh Power Transmission Corporation Ltd (UPPTCL). The project is described as the 400kV DC Twin Moose Banda–Chitrakoot transmission line, spanning about 130 km. The company stated the project is progressing in line with planned timelines, that the foundation stone-laying milestone has been completed, and that execution is underway across multiple fronts.

Stock and ticker details cited in the update

The information set includes multiple price points and identifiers for Salasar Techno Engineering Ltd. One market snapshot stated that as of 11-09-2026 05:05, the share price was shown as ₹0, down ₹5.03 (-100.00%) from the previous close of ₹5.03.

Other references in the same material noted the current price as ₹4.81, and another snapshot said that as of 14-09-2026 the share price was ₹5.05, with a previous close of ₹5.03. The company is referenced as listed on the India National Stock Exchange, with symbols shown as “SALASAREQ” and “SALA,” and the dataset header also lists “SALASAR” alongside ISIN INE170V01027.

Merger process: newspaper ads after NCLT order

Salasar Techno Engineering Limited has published newspaper advertisements for its proposed merger with Hill View Infrabuild Limited. This step follows an NCLT order dated April 06, 2026.

The provided information does not include the merger ratio, appointed date, or next hearing dates. But the mention of newspaper advertisements indicates a formal process step after the NCLT order referenced in the update.

ED searches: company says operations unaffected

The company has disclosed that the Directorate of Enforcement (ED) conducted search operations at the residences of its senior executives. The searches were reported at the residences of the Chairman and Joint Managing Director, and another disclosure named the Chairman and Managing Director Alok Kumar and Joint Managing Director Shashank Agarwal, with the search date cited as April 16, 2025.

Salasar Techno Engineering stated that the searches were limited to personal residences, that no searches were conducted at company premises, and that business operations continue uninterrupted. The company said it is cooperating fully with authorities and reaffirmed its commitment to compliance and transparency. One update also noted that no formal charges had been filed yet.

“No further developments” update in results disclosure

In another disclosure, the company stated that there have been no further developments in the ED case as of the date of the financial results announcement. The same information set also states the company has disclosed ongoing ED investigations.

This positioning matters for investors because it clarifies what the company is formally stating about business continuity and the absence of new reported regulatory developments at that point.

Preferential issue utilisation: monitoring report cited

The company submitted a monitoring agency report regarding the utilisation of proceeds from its ₹290.77 crore preferential issue of equity shares and fully-convertible warrants. CARE Ratings Limited, acting as the monitoring agency, reported no deviation from the stated objects of the issue.

This disclosure is a compliance datapoint and is typically tracked by markets to assess whether stated fund-raise purposes are being followed.

Dividend history shown in the dataset

A dividend table included two entries for equity shares. It listed a final dividend of 0.1 with an ex-date of 15 Sep, 2023, and another final dividend of 0.1 with an ex-date of 15 Sep, 2022.

The dataset excerpt did not show record dates for these entries.

Key facts table

Why the update matters for investors

The order values add a fresh data point on near-term inflows, while the company’s stated unexecuted order book of about Rs 2,200 crore provides a reference for execution visibility. The UPPTCL project update adds an operating milestone, with the company stating that execution is progressing in line with planned timelines.

At the same time, disclosures around the proposed merger process and the ED searches remain key watch items for shareholders. The company’s stated position is that operations have not been impacted and that there have been no further developments in the ED matter as of the financial results announcement date referenced.

Conclusion

Salasar Techno Engineering’s update combines new order wins of roughly Rs 695 crore with a broader set of regulatory and corporate developments, including merger-related filings and ongoing ED-related disclosures. Investors will likely track further company updates on execution progress, merger process milestones following the April 06, 2026 NCLT order, and any future disclosures related to the ED matter.