Further to our corporate announcement dt. 22.05.2025 concerning the receipt of a work order from the Bruhat Bengaluru Mahanagara Palike (BBMP) for the execution of Energy Efficiency Projects, ....
SALZERELEC · price
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Salzer Electronics has received a Rs. 192 crore work order from the Bruhat Bengaluru Mahanagara Palike (BBMP), a government municipal body, for energy efficiency projects in Bengaluru. The scope includes installing a Centralized Control and Monitoring System (CCMS) for street lights and replacing conventional streetlights with energy-efficient LED lamps across BBMP's East Zone and part of the Bommanahalli Zone. The project will be executed in consortium with Coimbatore-based Schnell Energy Equipments Private Limited. The order is scheduled for completion within 8 months, while payments will be spread over 84 months (7 years). This is a follow-up disclosure to the company's initial announcement on May 22, 2025.
This is a sizeable government order worth Rs. 192 crore, likely a meaningful addition to Salzer's order book given the company's annual revenue base, providing revenue visibility over the next 8 months and cash flow visibility over 7 years. Positive for the stock as it strengthens the company's presence in smart city and energy efficiency segments.