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The orders comprise a service support & procurement management contract valued at approximately Rs 524.99 crore and an erection work contract worth around Rs 170.19 crore. Both contracts are expected to be executed over a 20-month period.
The company said the contracts focus on service support, procurement management, and erection work to enhance distribution infrastructure and reduce losses. Salasar Techno Engineering confirmed that neither its promoters nor promoter group have any interest in RVNL, and the contracts are not related-party transactions.
Salasar Techno Engineering is a provider of customized steel fabrication and infrastructure solutions in India. It provides 360-degree solutions by carrying out engineering, designing, fabrication, galvanization and deployment.
Rail Vikas Nigam is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc.
Shares of Rail Vikas Nigam shed 0.26% to Rs 322.75 on the BSE.
Ravindra Energy Ltd rose 9.13% today to trade at Rs 165. The BSE Industrials index is up 0.31% to quote at 15197.85. The index is up 3.94 % over last one month. Among the other constituents of the index, Oriental Rail Infrastructure Ltd increased 3.55% and Salasar Techno Engineering Ltd added 2.94% on the day. The BSE Industrials index went up 3.48 % over last one year compared to the 6.03% surge in benchmark SENSEX.
Ravindra Energy Ltd has added 3.97% over last one month compared to 3.94% gain in BSE Industrials index and 5.6% rise in the SENSEX. On the BSE, 0 shares were traded in the counter so far compared with average daily volumes of 16016 shares in the past one month. The stock hit a record high of Rs 191.65 on 22 Sep 2025. The stock hit a 52-week low of Rs 0 on 30 Oct 2025.
Goodluck India Ltd, Parshva Enterprises Ltd, JTEKT India Ltd and Precision Camshafts Ltd are among the other losers in the BSE's 'B' group today, 10 September 2025.
Salasar Techno Engineering Ltd crashed 10.39% to Rs 9.31 at 14:32 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 41.36 lakh shares were traded on the counter so far as against the average daily volumes of 29.06 lakh shares in the past one month.
Goodluck India Ltd lost 8.82% to Rs 1150.6. The stock was the second biggest loser in 'B' group.On the BSE, 69628 shares were traded on the counter so far as against the average daily volumes of 21733 shares in the past one month.
Parshva Enterprises Ltd tumbled 6.88% to Rs 223.5. The stock was the third biggest loser in 'B' group.On the BSE, 180 shares were traded on the counter so far as against the average daily volumes of 236 shares in the past one month.
JTEKT India Ltd shed 6.45% to Rs 170.35. The stock was the fourth biggest loser in 'B' group.On the BSE, 1.87 lakh shares were traded on the counter so far as against the average daily volumes of 2.23 lakh shares in the past one month.
Precision Camshafts Ltd pared 6.44% to Rs 238.45. The stock was the fifth biggest loser in 'B' group.On the BSE, 7.62 lakh shares were traded on the counter so far as against the average daily volumes of 4.35 lakh shares in the past one month.