Laser Power Wins ₹72.77 Crore Contracts for Reconductoring Projects
Laser Power & Infra Limited secured two contracts from Power Grid Corporation of India Limited totaling ₹72.77 crores. The contracts include ₹58.92 crores for supplying HTLS conductors and ₹13.85 crores for reconductoring services. Execution is expected within 12 months.
The value of the contracts is substantial and represents a new area of business (HTLS conductors) for the company, indicating potential for growth and increased revenue.
The company has been awarded significant new contracts, which is a positive development for its business and revenue prospects.
Laser Power & Infra Limited has announced the award of two significant contracts by Power Grid Corporation of India Limited, aggregating to ₹72.77 crores. These contracts are for the reconductoring of transmission lines under the North Eastern Region Expansion Scheme-XXIV (NERES-XXIV).
The first contract is a Supply of Goods Contract valued at approximately ₹58.92 crores for High Temperature Low Sag (HTLS) conductors and associated materials. The second contract is a Supply of Services Contract valued at approximately ₹13.85 crores, covering reconductoring, installation, commissioning, and allied services.
Specifically, the contracts involve the reconductoring of the Khandong (NEEPCO) – Halflong (POWERGRID) 132kV S/c Transmission Line (63.036 KM) and the Halflong (POWERGRID) - Jiribam (POWERGRID) 132kV S/c Transmission Line (100.63 KM) with single HTLS conductors of 600A ampacity.
This award marks a significant milestone for Laser Power & Infra Limited as it represents their first commercial order for the supply of HTLS conductors. The execution of these contracts is to be completed within 12 months from the notification of the award. The company has confirmed that promoters or group companies have no interest in Power Grid Corporation of India Limited, and these contracts do not fall under related party transactions.
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