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Salasar Techno Engineering Ltd formally took over Kolkata-based EMC Ltd (formerly Electrical Manufacturing Company Ltd) through an e-auction, valued at ₹178 crore. The acquisition was announced on April 23, 2024.
Salasar Techno Engineering Ltd (STEL) bagged an electricity transmission order worth ₹752.38 million ($9.40 million) from Energy Development Corporation Ltd (EDCL) for the Rwanda Transmission System Reinforcement and Last Mile Connectivity project. The EPC order is expected to be completed within 18 months.