Subsidiary bags Rs 488 cr BESS order from NTPC GE Power Services
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Material subsidiary Lineage Power received a Letter of Award worth Rs 4,884.61 million from NTPC GE Power Services for supply, delivery, testing, and supervision of erection of 5.015 MWh BESS containers with BMS and EMS, plus a 12-year maintenance contract. Completion deadline is December 31, 2026. Domestic order, no related party interest.
Positive — sizeable order boosts revenue visibility; 12-year CMC adds long-term recurring income for the BESS business.