Salasar Techno Engineering is all set to invest Rs 100 crore in its expansion plans. As part of the same, it is preparing to hire 500 to 600 people over a period of a year.
It is looking for talent in the areas of warehousing, operations, logistics and production.
The infrastructure solutions company caters primarily to the Indian telecom sector, offering services in the areas of engineering, designing, procurement, fabrication, galvanisation as well as engineering, procurement and construction (EPC).
The Company is planning to establish a galvanising plant to ensure more operational efficiency and improvement in top and bottom lines. A sum of about Rs 50 crore will be pumped into this effort, for which about 12 acres of land will be acquired.
Job opportunities will also be available to many when the New Delhi-based Company’s new fabrication unit comes up at Bhilai, in Chhattisgarh, covering over 13 acres of land. This plant will meet the demand for heavy steel structures by various industries, including refineries, steel plants and cement plants.
Shares of the Company went up four per cent on May 2, when the Salasar board approved the stock split proposal. As per the proposal, existing equity shares of Salasar with a face value of Rs 10 each will be subdivided into 10 equity shares with a face value of one rupee each. This is expected to witness more participation from small investors and also increase the liquidity of the equity shares.