This is to inform that Company has bagged an order of Rs. 61.98 crore from MPMKVVCL.
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Star Delta Transformers Ltd has secured an order valued at Rs. 61.98 crore from Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company Limited (MPMKVVCL), a state-owned power distribution company. The work involves supply, installation, testing, and commissioning of new 11 KV lines, LT lines on AB cable, distribution transformers, and substation work under the central government's RDSS (Revamped Reforms based and Results Linked Distribution Sector Scheme), Feeder Separation package for Betul district. The order is domestic, not a related-party transaction, and must be completed within 24 months from the date of the Notification of Award. The promoter group has no interest in the awarding entity.
This is a sizeable order win from a state government utility that adds to the company's order book and provides revenue visibility over the next two years. For a small-cap company, such government-backed orders are generally viewed positively by the market as they imply low counterparty risk and steady execution.