Salzer Electronics Limited has informed the Exchange regarding a press release dated May 22, 2025, titled "Business Update".
SALZERELEC · price
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Awaiting price reaction for this filing.
Salzer Electronics has won a ₹192 crore work order from the Bruhat Bengaluru Mahanagara Palike (BBMP), a civic body, for an Energy Efficiency Project in Bengaluru. The scope involves installing a Centralized Control and Monitoring System (CCMS) for street lights and replacing existing conventional streetlights with energy-efficient LED lamps across the East Zone and parts of the Bommanahalli Zone. The project will be executed in consortium with Schnell Energy Equipments Private Limited, with execution completed in 8 months and payments received over 84 months. The order marks Salzer's re-entry into the Energy Saver Project under its Energy Management Services division after a gap of five years, using its in-house developed Energy Management System.
This is a significant order win for Salzer Electronics, likely material relative to its annual revenue, providing a long-term revenue stream and strengthening its energy management business. Positively viewed by the market as it re-opens a business vertical dormant for 5 years and showcases in-house R&D capability.