').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
HSBC Swings The Axe At UK Wealth In An AI Push
HSBC is preparing deep job cuts across its UK wealth management arm. It plans to cut about half of its management and sp... Read more
Kraken's Owner Buys A Bank: The Lines Are Blurring
Payward, the parent company of the crypto exchange Kraken, has agreed to buy a European bank. It would be the first digi... Read more
Revoluts Australian Banking Licence Game Changer
Revolut has spent much of its life insisting that it is more than a bank. In Australia, it has now decided that becoming... Read more
The AI Bank Is Coming, But Who Controls The Risk?
Artificial intelligence is no longer something banks discuss as a distant possibility. It is already working behind the ... Read more
ClearBank UK Profit Leads To European Growth
ClearBank has spent much of the past decade building the technology and regulatory infrastructure needed to challenge so... Read more
Bank Of London Continues To Rebuild
ClearBank’s progress shows that modern clearing and banking infrastructure can become a sizeable and profitable busine... Read more