Om Power Transmission Secures ₹60.48 Crore Contract from GETCO
Om Power Transmission Limited received a Letter of Intent from Gujarat Energy Transmission Corporation Limited. The contract is for supply, erection, testing, and commissioning of 220kV & 66kV equipment and materials for a substation. The contract value is ₹60.48 Crores and is to be executed within 18 months.
The contract value of ₹60.48 Crores is substantial for the company and is likely to have a noticeable impact on its financial performance and order book.
The company has secured a significant new order, which is generally positive for business growth and revenue.
Om Power Transmission Limited has announced the receipt of a Letter of Intent (LOI) from Gujarat Energy Transmission Corporation Limited (GETCO). The contract is for the supply, erection, testing, and commissioning of 220kV & 66kV equipment and materials on a turnkey basis, including civil works for the 220kV Kotda-Sanghani AIS Substation.
The total contract price is ₹60.48 Crores (including GST). The execution of this order is expected to be completed within 18 months from the date of the Letter of Acceptance (LOA).
This order has been awarded by a domestic entity, and Om Power Transmission Limited has confirmed that there are no promoter or group company interests in GETCO, nor does the contract fall under related party transactions.
What to do with a filing like this
Om Power Transmission Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Om Power Transmission Limited. Read the original for the full detail.