- Salasar Techno Engineering is a one-stop shop for the steel skeletons that carry power, mobile signals, and trains across India - it designs, makes, galvanizes, and installs the towers, poles, and structures, then strings the wires on them. The company was incorporated in 2001, and in 2006 two founders started its telecom tower business; it has since expanded into power transmission, railways, and heavy steel by following a simple playbook: master a manufacturing process in-house, then climb up the value chain into turnkey project execution. That recurring approach - build it yourself, then build the whole project - now runs across three engines, with a galvanizing backbone that few Indian rivals can match.
Business segments
Three engines built on a shared manufacturing backbone - a steel-structure factory that supplies its own EPC projects and outside contractors alike, a government-focused turnkey construction arm recently strengthened by a major acquisition, and a galvanizing service that sells protection against rust to other manufacturers.
1. Steel structures: the factory that feeds everything else
A vertically integrated maker of galvanized steel towers, poles, and heavy frameworks, running one of Asia's largest zinc-coating baths and a Danish design partnership that cuts material costs by as much as 40%.
- Designs that use less steel - a long-standing technical tie-up with Ramboll of Denmark, a world leader in tower design, produces structures that are lighter and lower-costing, reducing the cost by as much as 40% compared to conventional angle-bar towers, giving Salasar a cost advantage when bidding for orders.
- The galvanizing bath is the moat - the company operates a 96,000 MTPA galvanizing plant with a bath measuring 13 metres long, one of the largest in the world, which lets it coat monopoles up to 3 metres in diameter for high-voltage transmission lines, a value-added product that commands better margins.
- Three plants, 211,000 tonnes of capacity - all three manufacturing facilities sit in Hapur District, Uttar Pradesh, close to raw-material suppliers, with CNC fabrication lines, plasma cutting, and automated beam-welding equipment from Italy, though they were running at only 55% utilisation in late 2024.
- 50,000 telecom towers and counting - it has shipped more than 50,000 towers since inception and is among India's leading telecom-tower manufacturers, supplying everything from angular lattice towers to camouflaged smart-city poles that hide antennas inside street lights.
2. EPC projects: building the full job, not just the parts
A turnkey contractor that takes government infrastructure orders - power lines, railway electrification, and solar plants - from survey through to charging the line, now able to bid for 765 kV transmission work after buying EMC Limited.
- From tower to live wire - the company handles the entire project lifecycle: surveying the route, manufacturing the structures, erecting them, stringing the conductors, and commissioning the line, which means it captures margin at every step rather than just selling steel.
- 921 kilometres of power lines laid - its completed portfolio includes roughly 922 km of transmission lines and 743 km of railway track electrification, all for government clients such as Power Grid Corporation, TANGEDCO, and Indian Railways.
- The EMC acquisition unlocked bigger tenders - buying EMC Limited out of insolvency in 2024 brought the credentials to bid for 765 kV transmission lines and substations, a high-margin segment with few competitors, plus a solar plant with a long-term power-purchase agreement with NTPC that throws off recurring income.
- Raw-material risk is passed on - most EPC contracts include price-escalation clauses, so when steel or zinc prices rise, the customer pays more, protecting Salasar's margin over the typical 18-to-36-month project cycle.
3. Galvanizing services: selling rust protection to other factories
A contractual zinc-coating business that uses the same giant bath to serve third-party manufacturers, turning excess capacity into a fee-based revenue stream.
- Paid by the tonne to coat other people's steel - the company provides galvanizing services to partners such as Immadi E-Commerce and Zetwerk, earning a processing fee for dipping their fabricated steel into its 96,000 MTPA bath.
- A backup plant turned into a profit centre - after the new galvanizing line was commissioned in 2023, the older facility was kept as a backup in case of an emergency.
Group structure and partners
A parent company absorbing two entities through amalgamation, with a web of project-specific joint ventures and a Danish design partner that supplies the lighter tower blueprints.
- EMC Limited is being folded in - acquired for ₹178 Crores through the insolvency process and already a wholly owned subsidiary, EMC's amalgamation into Salasar was sanctioned by the NCLT in May 2026, bringing its land, buildings, and EPC credentials directly onto the parent's books.
- Hill View Infrabuild is next - a second amalgamation, with an appointed date of April 2025, will merge this commonly managed company into Salasar in exchange for new equity shares and preference shares, pending a fresh shareholder vote in August 2026.
- Joint ventures chase specific contracts - the group holds stakes in several project-specific JVs, including a 51%-owned subsidiary with Adorus that won a ₹252 Crore contract for ballastless track work on the Bangalore Metro, and a venture with RVNL.
- Ramboll provides the design edge - the Danish firm's sixty years of tower-design experience, accessed through a strategic collaboration, is the source of the weight-saving designs that Salasar uses to undercut competitors on steel cost.