OMPOWER NSE filing

Om Power Transmission Secures ₹82.17 Crore Contract from Paschim Gujarat Vij

The RealCase readMedium impact Positive

Om Power Transmission Limited received a ₹82.17 Crore contract from Paschim Gujarat Vij Company Limited. The project involves converting existing HT and LT lines to an underground cable network. Execution is expected within 18 months from the commencement period.

Why it matters

The contract value of ₹82.17 Crores is substantial and is expected to positively impact the company's revenue and growth.

The market read

The company has secured a significant new order, which is a positive development for its business.

Om Power Transmission Limited has announced the receipt of a Letter of Acceptance (LOA) from Paschim Gujarat Vij Company Limited. The LOA is for a Turnkey Contract to convert an existing 11 kV HT Line and LT Line network, including consumer service lines, into an Underground Cable Network with a Ring Main System. This project is located at the Kaliabid Subdivision (Part-2) of Bhavnagar Circle.

The contract price for this project is ₹82.17 Crores, inclusive of GST. The contract is with a domestic entity and is classified as a Turnkey Contract. The execution period for the order is 18 months, commencing after a 45-day period from the receipt of the Notice of Acceptance (NOA). The company has confirmed that neither the promoter, promoter group, nor group companies have any interest in Paschim Gujarat Vij Company Limited, and the contract does not fall within related party transactions.

The company has uploaded this information on its website, www.ompowertransmission.com.

Filing to action

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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Primary source

A plain-language summary of a public exchange filing by Om Power Transmission Limited. Read the original for the full detail.

View original filing