HEC Infra Projects Secures ₹12.78 Crore Work Order from Gujarat Energy Transmission Corp.
HEC Infra Projects Limited received a work order worth ₹12.78 crores from Gujarat Energy Transmission Corporation Limited. The project involves laying and commissioning 66 kv XLPE cables in the Rajkot zone and is to be executed within 24 months. This marks a significant step for the company in the infrastructure sector.
The value of the order is significant for the company's size and is likely to contribute positively to its revenue and future prospects, justifying a medium impact.
The company has secured a new work order, which is a positive development indicating business growth and expansion.
HEC Infra Projects Limited has announced the receipt of a significant work order valued at ₹12.78 crores from M/S Gujarat Energy Transmission Corporation Limited. The project entails the laying, erection, testing, and commissioning of 66 kv 1CX300sqmm & 1CX630sqmm XLPE cable for Poly AL and AL corrugated cable for various lines within the Rajkot zone.
This new contract is expected to propel the company to greater heights, leveraging the substantial opportunities present in the infrastructure sector. HEC Infra Projects Limited plans to pursue similar projects with both private and government entities in other states.
The company has confirmed that its promoters or promoter group do not have any interest in Gujarat Energy Transmission Corporation Limited, and this award does not constitute a related party transaction. The project is slated for execution within a period of 24 months.
A plain-language summary of a public exchange filing by HEC Infra Projects Limited. Read the original for the full detail.