Prostarm Info Systems Limited has informed the Exchange about Letter of Award ( LOA ) from Karnataka Power Transmission Corporation Limited
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Awaiting price reaction for this filing.
Prostarm Info Systems Limited has received a Letter of Award (LOA) from Karnataka Power Transmission Corporation Limited (KPTCL), a Karnataka state government-owned power transmission utility. KPTCL is responsible for operating and maintaining the power transmission infrastructure in Karnataka. The exact order value, scope of work, and timeline have not been disclosed in this filing. Receiving an LOA from a government PSU signals the company has cleared technical and commercial evaluations and is set to be awarded the formal contract.
Positive for the company's order book and revenue visibility, as a government PSU client adds credibility, though the lack of disclosed value means the financial impact cannot be quantified from this announcement alone.