V Marc India Secures Letters of Intent from PuVVNL for HT Cable Supply Worth ₹ 100.74 Crores

V Marc India Secures Letters of Intent from PuVVNL for HT Cable Supply Worth ₹ 100.74 Crores​

V Marc India Limited has received three Letters of Intent (LOIs) from Purvanchal Vidyut Vitran Nigam Limited (PuVVNL), a power distribution company of Uttar Pradesh Power Corporation Limited, totaling ₹ 100.74 Crores for the supply of 11 KV and 33 KV HT XLPE cables.

The orders are underwritten by PuVVNL, which is part of the UPPCL structure, and have been placed following approval by the Corporate Stores Purchase Committee (CSPC) of UPPCL in Lucknow.

The aggregated contract value of ₹ 100.74 Crores includes GST at 18%. V Marc India will execute the orders received from PuVVNL by January 2027.

A breakdown of the LOIs and their respective values is detailed below:


The orders are domestic in nature, with the power distribution company acting as the awarding entity. The contracts include a price variation clause, as specified in the tender documents.

PuVVNL is identified as a State Government-owned power distribution utility and is neither a related party nor does the transaction qualify as a related party transaction for V Marc India Limited.

VMARCIND Stock Price Movement​

V Marc India Limited shares slipped by 6.41% on Thursday, closing at ₹346.8 after shedding ₹23.65 from the previous day's close. The stock saw a volume of 1.03 million shares traded during the session.