Om Power Transmission Limited Receives Letter of Intent from Gujarat Energy for Cable Supply Contract
Om Power Transmission Limited, formerly known as Om Power Transmission Private Limited, has received a Letter of Intent (LOI) regarding a significant contract with Gujarat Energy Transmission Corporation Limited. The agreement covers the supply, laying, erection, testing, and commissioning of 66 kV underground cable.The contract involves work for an approximate route length of 5.17 KM. As per the terms outlined in the LOI, the total consideration for this project is Rupees 24,02,67,567.20 (Rupees Twenty-Four Crore Two Lakh Sixty-Seven Thousand Five Hundred Sixty-Seven and Twenty Paisa), which includes GST.
Key details of the contract awarded by Gujarat Energy Transmission Corporation Limited include:
| Detail | Particulars |
|---|---|
| Entity Awarding Contract | Gujarat Energy Transmission Corporation Limited |
| Nature of Work | Supply, laying, erection, testing and commissioning of 66 kV underground cable |
| Route Length | Approximately 5.17 KM |
| Consideration | ₹24,02,67,567.20 (including GST) |
| Contract Type | Domestic entity |
| Execution Period | 12 months from the date of commencement |
The contract is confirmed to be a domestic engagement, with no interest held by the promoter or the promoter group in the awarding entity, and the transaction falling outside related party transactions.
OMPOWER Stock Price Movement
Om Power Transmission Limited shares today slipped by 0.51%, settling at ₹170.15 in post-market trading. The equity traded within a range of ₹168.52 and ₹172 throughout the day.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.
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