Om Power Transmission bags Rs 82.17 Cr turnkey order from PGVCL

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OMPOWER · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+2.4%1-day move

₹171.55

prior close

₹176.83

base price

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AI summary

Om Power Transmission has received a Letter of Acceptance from Paschim Gujarat Vij Company Limited (PGVCL), a Gujarat state power distribution PSU, for a turnkey contract worth Rs 82.17 Crores including GST. The project involves converting existing 11 kV HT and LT overhead lines into underground cable network with ring main system at Kaliabid Subdivision, Bhavnagar Circle. Execution timeline is 18 months after a 45-day commencement period from NOA receipt. Order is domestic and no related party interest exists.

Likely market impact

Positive: sizeable order from a government PSU strengthens order book and revenue visibility over the next 18 months.