Om Power Transmission Limited has informed the Exchange about Bagging/Receiving of orders/contracts
OMPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 2.2 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Om Power Transmission Limited has received a Letter of Intent (LoI) from Gujarat Energy Transmission Corporation Limited (GETCO), a state government PSU, for a turnkey contract worth Rs. 44.95 Crores (including GST). The scope involves supply, erection, testing, and commissioning of 220kV and 66kV equipment and materials, along with civil works for the 220kV Jantral AIS Substation. The project is to be executed over 18 months from the date of the Letter of Award. The order has been awarded by a domestic entity, and there is no related party interest in the awarding entity.
This sizeable order from a state PSU adds to the company's order book and provides revenue visibility over the next 18 months. Government-backed orders are generally viewed as low-risk and creditworthy, which is a positive signal for the stock.