Continental Petroleums Ltd bags Rs 32.64 Cr order for developing power distribution infrastructure at Jhalawar in Rajasthan
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Continental Petroleums Ltd has won a Rs 32.64 crore order from Jaipur Vidyut Vitran Nigam Limited, a Rajasthan government power distribution company, to develop power distribution infrastructure at Jhalawar on a turnkey basis. The work involves development of distribution infrastructure for segregation of 11KV mixed feeders under the Revamped Reforms-Based and Results-Linked Distribution Sector Scheme. A Letter of Intent has been awarded to the company. The management highlighted that power transmission and distribution EPC is a core focus area and this order will boost topline and strengthen their presence in the EPC segment nationally.
Positive for the company — adds a new government-backed EPC order to the order book, providing revenue visibility and reinforcing management's stated focus on expanding the power T&D EPC business beyond its core lubricants segment.