…here’s the thing. Sometimes, the promoters may not even know that somebody is hatching such a devious scheme behind their backs. Many companies hand over their PR mandates to an agency. And the agencies can get a bit ahead of themselves. They may be inclined to show their commitment to the cause, and push the stock price higher. What better way to get that retention money no?
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And look, it’s not to say that every PR agency does this. Some are really good at their jobs and they do it with diligence. But a few others can get a bit too excited and commit the most fatuous blunders — like asking people to hype up a stock. Through it all, they may be doing a massive disservice to the promoters.
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The point is — It’s hard to say what really happened with Salasar. It’s possible that the promoters pushed the story. Or it’s possible that the digital marketing agency pushed the agenda on its own accord. Or it’s even possible that it’s the handiwork of a stray employee.
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We don’t know. What we do know however is that those Twitter influencers need to hang their head in shame. They knew perfectly well the implications of talking up a stock, after being paid to do so. And yet they did it.
@gurjeev thanks for sharing this video. The irregularity highlighted in the balance sheet is simply a daylight robbery by promotors. Usually FII buy stake in any company after having enough due deligence. Just wondering if they were aware of all those point highlighted by you in the video. any thoughts?
Salasar Techno:
Company announced the successful installation and commissioning of its new Zinc Galvanization Plant (GI Plant). This state-of-the- art facility has an annual capacity of 96,000 Metric Tons and has commenced operations at its Unit - III, located in Distt - Hapur, Uttar Pradesh with effect from 25th September, 2023. The plant is equipped with the latest and most advanced galvanization technology to ensure the highest quality of products.
The technical Chart is forming Excellent Cup & Handle. There is upside potential to the tune of 48%
No Recommendations, pl do your own analysis before buying or selling.
Order win “Construction of 132 KV &
220 KV Transmission Lines and associated Feeder Bays on total Turnkey basis in Eastern MP”
OB
Hi Mehul
No idea about any big shots. / big investors. I am just a retailer individual. What i was able to find is discussed in that video.
Nothing more to add
Salasar Techno Engineering Ltd
About [ edit ]
Established in 2006 as a tower manufacturer, Salasar Engineering Limited, has emerged as a fast-growing Steel structure manufacturer & EPC infrastructure company, providing services across telecom, energy and railways sector. [1]
Key Points [ edit ]
Products & Services
The company provides 360-degree solutions through engineering, designing, fabrication, galvanisation, and deployment services for the telecom and solar sectors. It is also engaged in erecting towers and transmission line towers in the EPC segment. [1]
Designing and Manufacturing Products[2]
a) Telecom Towers
b) Pre-Fabricated Buildings
c) EPC Projects for Railway electrification
d) EPC Projects for Transmission Lines
e) Buildings and Bridges
Key Facts - FY23[3]
Telecom Towers Supplied - 50,000+
Annual Production capacity - 1,15,000 MTPA
Power Transmission lines executed - 702 KMS
Railway Track electrification executed - 588 KMS
Revenue Split[4]
Manufacturing - Steel Structures and Others: 72% in Q2FY24 vs 65% in Q2FY23
EPC - Power Transmission: 23% in Q2FY24 vs 13% in Q2FY23
EPC - Railway Electrification: 5% in Q2FY24 vs 22% in Q2FY23
Geographical Presence[5]
STEL has a Pan-India presence and exports to 25+ Nations including West Africa, East Africa, Central Africa, Philippines, Saudi Arabia, Nepal, Myanmar, etc.
Geographical Split - FY23[6]
Domestic - 91%
Exports - 9%
Manufacturing Facility[5]
Company has 3 manufacturing and galvanizing facilities in Uttar Pradesh for production of steel structures. The facilities are equipped with machinery for precision manufacturing such as CNC Machines, and industrial machinery along with hydra and cranes for the physical displacement of products within the facility.
Manufacturing Capacity[5]
A) Tower/Structure manufacturing and Galvanization - 1,96,000 MTPA
B) Heavy Steel Structural Division - 15,000 MTPA
Clientele[7]
Airtel, Huawei, Jio, Bajaj, Adani solar, L&T, Tata Projects, Jindal Steel and Power, American Tower, etc.
Order Book - H1FY24[8]
Domestic EPC orders - 1009 Crs
Export EPC orders - 211 Crs
Heavy Steel Structure Division -130 Crs
Monopoles - 53 Crs
Telecom Tower Exports - 37 Crs
Co. receives regular monthly orders of 30-35 cr. for telecom towers
Collaboration
Co has collaborated with the world’s leading consulting giant Ramboll for Technical Design and Quality Control of their Telecommunication Towers, Monopoles, Poles, and Smart Poles. [9]
Joint Venture
Co. incorporated Salasar Adrous LLP, a JV with Adrous Advisors Pvt. Ltd. to undertake infra-related works such as track laying for railways and tramways, etc, and secured the first order from Texmaco Rail and Engineering Ltd. worth Rs 252 cr for Bangalore Metro Corporation ltd for design, supply, installation, testing & commissioning of ballastless track of standard gauge. [10]
Capex[11]
A) STEL is setting up a new zinc plant at its existing unit-3 with a capacity of 96,000 metric tonnes per annum (MTPA) with capex of Rs. 50 crore out of which Rs. 37 crore is funded through term loans and the rest is being funded through internal accruals of Rs. 13 crore.
B) Co. is setting up a new Heavy Steel Structure (HSD) manufacturing plant in Bhilai, Chhattisgarh with a capacity of 25,000 MTPA. The total cost of this project is Rs. 60 crore which will be funded through a bank term loan of Rs. 46.66 crore and internal accrual of Rs. 13.34 crore. The plant is expected to commission from FY25