').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
Salasar Techno Engineering Gets Rs 143 Cr EPC Contract From Nepal Govt
The project received from Nepal Electricity Authority (NEA) will come up in Dang, Rukum East and Baitadi districts of the neighbouring nation
Topics
Nepal | India Nepal ties | Salasar Techno Engineering
Homegrown Salasar Techno Engineering Ltd (STEL) on Wednesday said it has secured a Rs 143 crore contract from the Nepal government.
"The order is for procurement of materials, associated accessories and necessary installation services including design and commissioning of 33/11 KV substations and 33 KV, 11 KV, 400 V lines and distribution systems networks," the steel structurals maker said in regulatory filing.
The project received from Nepal Electricity Authority (NEA) will come up in Dang, Rukum East and Baitadi districts of the neighbouring nation, it said.
The work is to be completed over the next 24 months.
Shashank Agarwal, STEL Management team, said this is the first ever EPC (engineering, procurement and construction) order the company has received out of India.
STEL will continue to explore more such business opportunities in Nepal and other countries to expand its global presence.
New Delhi-based Salasar Techno Engineering carries out engineering, designing, procurement, fabrication, and galvanization work for telecom players besides manufacturing of steel structurals.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Wed, January 18 2023. 14:44 IST
RECENT NEWS
Monzo Looks For US Banking License
Monzo is preparing a renewed push to secure a US banking licence, four years after abandoning its first attempt when tal... Read more
Crypto Firms Push Into US Banking
America’s cryptocurrency companies are scrambling to secure a foothold in the country’s traditional banking system, ... Read more
Parallel Banking: Stablecoins Are Now Global
Parallel Banking: How Stablecoins Are Building a New Global Payments SystemStablecoins—digital currencies pegged to tr... Read more
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more
Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector
The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more