Salasar Techno Engineering, among leading manufacturers of Telecom Towers in India, has received new order of Rs 490 million, from leading telecom players in India and Nepal.

The first order of Rs 350 million for supply 300 telecom towers to Reliance JIO. The second is export order of 100 telecom towers worth Rs 140 million to Nepal.

Shashank Agarwal, Joint Managing Director, said, ''This new and repeat order from Reliance JIO shows the continued trust our clients have in us. We have also received an export order to supply towers as we try to create and increase our presence in the export markets. We have been recognised as one of the major telecom tower solution providers in India and this order further consolidates our position in the telecom space. We have always focused on project execution and increasing our operational efficiencies which have been key to our success.''

Shares of the company gained Rs 25.75, or 7.24%, to trade at Rs 379.95. The total volume of shares traded was 18,234 at the BSE (12.49 p.m., Monday).