Om Power Transmission Secures Rs 82.17 Crore Contract for Under Ground Cable Network Conversion
Om Power Transmission Limited has secured a significant project win, receiving a Letter of Acceptance (LOA) from Paschim Gujarat Vij Company Limited. The contract involves the turnkey conversion of existing high tension (HT) and low tension (LT) line networks into an underground cable system with a Ring Main System at Kaliabid Subdivision (Part-2) of Bhavnagar Circle.The total value of the contract stands at Rs 82.17 Crores, which includes GST. The project is described as a turnkey contract covering the conversion of the existing network, along with Consumer Service Lines, to underground cable infrastructure.
This opportunity was awarded by a domestic entity and does not constitute a related party transaction. The execution timeframe for this contract has been set at 18 months following a 45 day commencement period after receiving the Notice of Acceptance (NOA).
Key details of the order are summarized below:
| Entity Awarding Contract | Project Nature | Contract Value (Including GST) | Execution Timeline |
|---|---|---|---|
| Paschim Gujarat Vij Company Limited | Turnkey conversion to Underground Cable Network with Ring Main System at Kaliabid Subdivision (Part-2) of Bhavnagar Circle | Rs 82.17 Crores | 18 months after a 45 day commencement period from NOA receipt |
The contract signifies a major business development step for Om Power Transmission Limited in the infrastructure sector, focusing on grid modernization and cable network implementation.
OMPOWER Stock Price Movement
Om Power Transmission Limited shares are surging to ₹176.00 as of 11:20 AM, gaining 3.09% in live trading. The stock maintains a strong intraday performance, trading within the range of ₹170.85 and ₹177.06 amidst heavy movement that has seen 56,365 shares exchanged.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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