SALASAR TECHNO ENGG. Share price

Initially The Company was incorporated as Salasar Petrochemicals Private Limited under the provisions of the Companies Act 1956 vide certificate of incorporation dated October 24 2001 in Jaipur Rajasthan. Thereafter Company was taken over by the Promoters in March 2005. Further the name of the Company changed from Salasar Petrochemicals Private Limited to Salasar Techno Engineering Private Limited vide fresh certificate of incorporation dated June 13 2006. Due to change in registered office from one state (Registrar of Companies Rajasthan) to another state (Registrar of Companies NCT of Delhi & Haryana) the Corporate Identification Number (CIN) of the Company was also changed from U23201RJ2001PLC17253 to U23201DL2001PLC174076 dated December 26 2007. Subsequently The Company was converted into public limited company pursuant to a special resolution of the shareholders dated August 02 2016 and the name of the Company was changed to “Salasar Techno Engineering Limited” to reflect the legal status of the Company pursuant to a fresh certificate of incorporation granted by the RoC dated August 16 2016.The registered office of the company is situated at E-20 South Extension I New Delhi-110049 India.Corporate Identification number: U23201DL2001PLC174076.KEY EVENTS AND MILESTONES IN THE HISTORY OF THE COMPANY2004-05-The Company “Salasar Petrochemicals Private Limited” was taken over by the Promoters which was having factory land at Dasna P.O. Jindal Nagar Distt. Hapur Uttar Pradesh.2006-07-The name of the Company changed from Salasar Petrochemicals Private Limited to Salasar Techno Engineering Private Limited vide fresh certificate of incorporation dated June 13 2006.2006-07-The Company started its production at Unit 1 Khasra No. 283 Village Parsaun Dasna P.O. Jindal Nagr Distt Hapur-245304 Uttar Pradesh.2007-08The Registered Office of the Company changed from the state of Rajasthan to the National Capital Territory of Delhi & Haryana.2007-08-Setup of Second unit situated at Khasra no. 1184-1185 village Khera Pikhuwa Ghaziabad-245304 Uttar Pradesh India.2009-10-Expansion of Unit II by acquiring land & building situated at Khasra No. 1183 village Khera Pikhuwa Ghaziabad 245304 Uttar Pradesh India.2010-11-Incorporation of Salasar Stainless Limited as a Wholly Owned Subsidiary of the Company.2011-12-New plant started in subsidiary Company at Khasra No. 686/6 Vill. Kheda Pilkhuwa Distt. Ghaziabad-201313 (U.P.) to manufacture stainless steel pipes.2011-12-Turnover of the Company crossed Rs. 1000.00 million.2013-14-Takeover of Ganges Concast Industries Limited by Salasar Stainless Limited (Wholly Owned Subsidiary of the Company).2013-14-Acquisition of land situated at Khasra no. Khasra No. 265 281-282 Village Parsaun Dasna P.O. Jindal Nagr Distt Hapur-245304 Uttar Pradesh to consolidate with the unit I.2013-14-Turnover of the Company crossed Rs. 2000.00 million.2016-17-Issue of bonus share in the ratio of 1:1 to the shareholders.2016-17-Conversion of the Company into a public limited Company and change of name to Salasar Techno Engineering Limited vide fresh certificate of incorporation dated August 16 2016.2016-17-Amalgamation of Ganges Concast Industries Limited with Salasar Stainless Limited.2016-17-Installation of the Galvanizing Plant at its wholly-owned subsidiary Company “Salasar Stainless Limited” for further expansion in capacity. Awards2014-Robust and long standing business collaboration with “Ramboll’s Telecom Consulting arm by maintaining the No. 1 position as their Indian Partner for tower supply.2014-Winner of the prestigious 'Gold Award' for support in Infra- Towers from Indus Towers in 2014 as an acknowledgement of the focus in delivering excellence to the customers.2014-Winner of 'Hero Award' from Indus Towers commending zero fatalities and upholding high Environment Health and Safety standards at site in its UP(East) Circle for March 2014.