Salasar Tecno Engineering has recently seen fluctuations in its share price, starting at ₹10.40 on the BSE. This marked a 1% increase from the previous closing price of ₹10.29, with the stock reaching an intraday high of ₹10.85, reflecting gains of over 5%.

The stock’s recent performance follows a significant decline from previous highs above ₹22 per share to lows of ₹10.02. On February 14, 2025, the company’s Board of Directors confirmed the signing of a non-binding Memorandum of Understanding (MOU) with Elegant Forge & Equipments Pvt. Ltd. for a potential acquisition. This MOU, dated February 13, 2025, is contingent upon the successful completion of due diligence by an independent third party within 45 days.

Elegant Forge & Equipments specializes in various sectors, including:

• Engineering
• Railroad
• Defense
• Oil and Gas
• Aerospace

Founded in 2006, Salasar Engineering has evolved from a tower manufacturer to a rapidly expanding builder of steel structures and an EPC infrastructure company, providing services in the energy, telecom, and railroad industries.

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