Announced Thu, 9 Jul · 11:14 IST
Wins Rs 82.17 crore LOA from PGVCL for Bhavnagar underground cable work
OMPOWER · price
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Price reaction · full curve 14 horizons · vs prior close
+2.4%1-day move
₹171.55
prior close
₹172.26
base price
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AI summary
Om Power Transmission has received a Letter of Acceptance from Paschim Gujarat Vij Company, a state-owned power distributor, for an Rs 82.17 crore turnkey contract. Work covers converting existing 11 kV HT and LT overhead lines into an underground cable network with ring main system at Kaliabid Subdivision in Bhavnagar Circle. Execution timeline is 18 months plus a 45-day commencement period from NOA. Order is domestic with no related party interest.
Likely market impact
Strengthens order book with an Rs 82.17 crore government-backed electrical infra contract. Revenue visibility improves over 18 plus months; no related party risk.