Lords Mark Industries Secures L1 Bid for State-Wide Renewable Energy Lighting Project in Chhattisgarh
Lords Mark Industries Limited has secured a significant government contract, achieving L1 bidder status to execute a massive project focused on renewable energy and lighting infrastructure across the entire state of Chhattisgarh. The company was awarded the Letter of Offer by the Chhattisgarh State Renewable Energy Development Agency (CREDA), which is part of the Department of Energy, Government of Chhattisgarh.The contract mandates the comprehensive work covering all of Chhattisgarh. Lords Mark Industries' Lighting Division successfully won the tender to supply, install, and commission Solar Home Lighting Systems in the state. The scope of the project also includes a 5-year Comprehensive Maintenance Contract (CMC) and an onsite unconditional warranty for the deployed systems.
The contract is with a domestic government agency, solidifying its nature as a Government Contract for Renewable Energy & Lighting Infrastructure.
Key financial details regarding the awarded order are as follows:
| Particulars | Detail |
|---|---|
| Awarding Entity | Chhattisgarh State Renewable Energy Development Agency (CREDA), Government of Chhattisgarh |
| Nature of Order | Government Contract for Renewable Energy & Lighting Infrastructure |
| Geographical Scope | Complete State of Chhattisgarh |
| Approved L1 Unit Rate | INR 47,625/- (excluding GST) per system |
A detailed breakdown of the approved unit rate is provided below:
| Component | Value (per system) |
|---|---|
| Supply of Material | INR 42,000 |
| Installation & Commissioning | INR 1,750 |
| 5-Year CMC | INR 3,875 |
The company confirmed that it has no interest in the entity awarding the contract, and the order does not fall under related party transactions. The agreement process has been initiated, with execution timelines to be met as stipulated by CREDA.
Stock Price Movement
As of 10:16, Lords Mark Industries Ltd. is ticking up, trading at ₹84.30, which reflects a strong gain of +4.98%. The shares have experienced intraday volatility, moving between a low of ₹78.40 and the current high of ₹84.30.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.