Laser Power secures first order under TS Conductor partnership worth Rs 4.15 crore

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AI summary

Laser Power & Infra received its first commercial Letter of Intent from Himachal Pradesh State Electricity Board (HPSEBL), a government undertaking, worth about Rs 4.15 crore. The order covers supply and installation of HTLS conductors using next-generation AECC technology under its partnership with TS Conductor Corp, USA. The turnkey reconductoring project is in Nalagarh, Himachal Pradesh. Possibly India's first commercial AECC project, with conductors manufactured domestically by Laser. Company has prequalified for 18 more transmission projects.

Likely market impact

First commercial win under TS Conductor partnership validates strategy. Small order but strategic milestone with 18 more projects in pipeline.