Core Announcement – Order Details
Awarding Entity: A domestic private-sector EPC contractor engaged in power transmission projects (name not disclosed due to confidentiality obligations)
Domestic/International Order: Domestic
Nature of Order/Contract: Supply of 38/66 kV (E), 1 core, 630 sq. mm. aluminium conductor, XLPE insulated, copper wire screened, aluminium corrugated sheathed, HDPE outer sheathed underground power cables, on FOR site basis, for a 66 kV transmission project in the State of Gujarat.
Order Value: ₹76,05,89,060/- (Rupees Seventy-Six Crore Five Lakh Eighty-Nine Thousand and Sixty Only), including GST. The press release mentions approximately Rs. 64.46 crore excluding GST. The order is on a variable-price basis; final realisation will be as per the price variation formula applicable to the order.
Scope/Quantity: Supply of 2,92,985 metres (approximately 293 kilometres) of 38/66 kV (E), 1 core, 630 sq. mm. aluminium conductor, XLPE insulated, copper wire screened, aluminium corrugated sheathed, HDPE outer sheathed underground power cables.
Materiality Context: The company describes Extra High Voltage cables as "among the most technically demanding products in the sector" and notes they carry "among the highest realisations and margins in the Company's cables portfolio." The order reinforces the company's position in the high-value Extra High Voltage segment.
Execution Timeline: Deliveries to commence upon manufacturing clearance, at a scheduled rate of approximately 50 km per month, to be advanced in line with project requirements.
Revenue Recognition / Billing Structure: Variable-price basis with final realisation as per the price variation formula applicable to the order. FOR site basis delivery.
Key Terms & Payment Milestones: Not Specified
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
Financial Implication: Not Specified