OM Power Transmission bags Rs 101.56 Cr LOA from Uttar Gujarat Vij Co
OMPOWER · price
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OM Power Transmission has received a Letter of Acceptance from Uttar Gujarat Vij Company Limited for a turnkey contract worth Rs 101.56 Crores including GST. The work involves converting the existing electrical line network into an underground cable network at Ambaji. Execution period is 12 months after a 45 day commencement period. The order is from a domestic state owned entity and is not a related party transaction.
Adds Rs 101.56 Cr to order book, improving revenue visibility. Positive development for shareholders.