Disclosure under regulation 30 of SEBI(LODR) regulation 2015 Award of contract from Jharkhand Urja Sancharan Nigam Limited
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Ahmedabad Steelcraft Ltd has been awarded two contracts aggregating to Rs. 59.27 Crores (inclusive of GST) by Jharkhand Urja Sancharan Nigam Limited (JUSNL), a Jharkhand state power transmission utility. The contracts cover supply of equipment and materials (Rs. 33.20 Crores) and installation & erection work (Rs. 26.07 Crores) for a 132 KV DC transmission line of 20.5 KM on turnkey basis. The work will be executed as a joint venture with ABI Energy Solutions Limited over 18 months. The Letter of Award was dated December 31, 2025, and the promoter group has no interest in JUSNL.
This is a sizeable order win that provides revenue visibility over the next 18 months and strengthens the company's order book in the power transmission EPC space. Government-backed orders from state utilities typically offer relatively secure receivables, which should be viewed positively by shareholders.