Salasar Techno Engineering wins two RVNL contracts worth ₹695.18 crore

Salasar Techno Engineering Limited (STEL) announced on November 26, 2025, that it has secured two contracts from Rail Vikas Nigam Limited (RVNL), New Delhi, totaling approximately ₹695.18 crore. The projects involve "Service Support & Procurement Management Contract" and "Erection work" for developing distribution infrastructure in Mandi, Bilaspur, Kullu, and Hamirpur operation circles under the HPSEBL’s Revamped Reforms-based and Results-linked, Distribution Sector Schemes (RDSS).

The domestic contracts have an execution period of 20 months. The "Service Support & Procurement Management Contract" is valued at approximately ₹524.99 crore (inclusive of GST), while the "Erection Work" contract stands at approximately ₹170.19 crore (inclusive of GST).

STEL confirmed that the contracts are not related party transactions, and neither the promoter nor promoter group has any interest in RVNL. The awards align with the company's focus on infrastructure development.