Safety Controls receives Rs. 10.157 crore UPPTCL power contract
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U.P. Power Transmission Corporation Ltd., a Uttar Pradesh government undertaking, awarded Safety Controls & Devices Ltd. a Rs. 10.157 crore contract for engineering, supply, erection and commissioning of one 220kV GIS bay and one 33kV GIS bay at Lucknow's Kanpur Road substation. The work includes commissioning a UPPTCL-supplied 60MVA transformer and must finish within six months. The value includes 18% GST, with delay charges capped at 5%.
The order provides future work and may support the stock, but profit depends on costs and timely completion; no profit guidance was given.