India, Nov. 27 -- Salasar Techno Engineering Limited (STEL) has secured two major contracts worth a total of approximately Rs 695.18 crore from Rail Vikas Nigam Limited (RVNL), New Delhi, the company informed in a regulatory filing under SEBI Listing Regulations.
The contracts pertain to the development of power distribution infrastructure aimed at reducing losses across the Mandi, Bilaspur, Kullu, and Hamirpur operation circles under the central zone of Himachal Pradesh State Electricity Board Limited (HPSEBL). The projects fall under the Revamped Reforms-based and Results-linked Distribution Sector Scheme (RDSS).
The first order, valued at around Rs 524.99 crore (including GST), is for Service Support & Procurement Management of electri...