SALASAR TECHNO ENGG. LTD.

Manufactures telecom towers and engineering steel structures at its units in Hapur, Uttar Pradesh, and also executes engineering, procurement and construction (EPC) projects. The Steel Structures segment, which makes up 65.7% of segment revenue at Rs 974.12 crore (FY26), is the larger contributor and also the more profitable, with segment EBIT of Rs 105.44 crore. The EPC Projects segment contributes the remaining 34.3% at Rs 509.35 crore in revenue and Rs 30.91 crore in EBIT, and has shown more variability across recent quarters including a loss in one quarter. The business runs on a raw-material-heavy cost base: materials account for 84.6% of revenue, employee costs 4.6%, other operating expenses 7.1%, and depreciation 1.7%. Capex runs at 4.5% of revenue. Operations have been affected by restricted LPG supply linked to the Middle East conflict, which has disrupted production, material deliveries, EPC business and exports to the Gulf region. Two amalgamation schemes are in process — EMC Limited has received NCLT approval to merge into the company, while Hill View Infrabuild Limited is awaiting shareholder and creditor approval through NCLT-convened meetings.