Om Power Transmission Limited Secures Letter of Award for 220kV Transmission Line Project
Om Power Transmission Limited has secured a Letter of Award (LOA) from SAEL Industries Limited. The contract involves the supply, erection, stringing, testing, and commissioning of a Single Circuit 220kV Transmission Line.The project is located at the proposed SAEL 240 MW Solar Power Plant at Sipur, spanning to the Dhama Substation. The award has been granted by a domestic entity, and the total contract consideration is Rs. 18,50,34,500/- (Rupees Eighteen Crore Fifty Lakh Thirty-Four Thousand Five Hundred Only), excluding GST.
The terms and conditions for this project are detailed below:
| Particular | Details |
|---|---|
| Awarding Entity Name | SAEL Industries Limited |
| Nature of Contract | Supply, Erection, Stringing, Testing, and commissioning of Single Circuit 220kV Transmission Line on DC Towers |
| Contract Type | Domestic |
| Contract Value (Excluding GST) | Rs. 18,50,34,500/- |
| Execution Timeline | 8 months from the date of LOA |
The contract is confirmed to be non-related party and there is no interest held by the promoter or promoter group in SAEL Industries Limited. This order falls under the category of domestic contracts.
OMPOWER Stock Price Movement
Shares of Om Power Transmission Limited slipped by 0.77% on Thursday to settle at ₹182.46. The stock shed ₹1.42 from the previous close and accounted for a traded volume of 99,658 shares.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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