Core Announcement – Order Details
Awarding Entity: A domestic EPC contractor executing a project for Maharashtra State Electricity Distribution Company Limited (MSEDCL)
Domestic/International Order: Domestic
Nature of Order/Contract: Purchase order for supply of DICABS make MV & LV XLPE underground power cables, overhead conductors and control cables, manufactured to MSEDCL specifications, for an urban power infrastructure project in the Bhandup region, Maharashtra. Pricing is on a variable basis linked to aluminium/copper prices and currency. Quantities are indicative and subject to site survey.
Order Value: Approximately ₹263.25 crore (inclusive of GST)
Materiality Context: The order reinforces DICABS' position as a preferred supplier to state distribution utilities and adds to the Company's growing MV cable order book. Urban underground cabling is described as one of the fastest-growing segments of India's distribution sector.
Execution Timeline: As per delivery schedule to be communicated after approval of GTP (General Technical Particulars) and drawings by MSEDCL. No specific completion deadline provided.
Revenue Recognition / Billing Structure: Variable pricing linked to prevailing aluminium and copper prices and currency. This practice is described as protecting margins against raw material volatility.
Key Terms & Payment Milestones: Guarantee period of 66 months from supply or 60 months from commissioning, whichever is earlier. Specific payment terms not disclosed.
Whether Related Party Transaction: No. The order has been received in the ordinary course of business and at arm's length.
Promoter Group Involvement: No. The promoter/promoter group/group companies have no interest in the entity that awarded the order.
Financial Implication: Not Specified. The disclosure does not provide specific information on contribution to order book, impact on backlog, capacity utilization, or working capital requirements.