Core Announcement – Order Details

Awarding Entity: Purvanchal Vidyut Vitran Nigam Limited (PuVVNL), a power distribution company (Discom) of Uttar Pradesh Power Corporation Limited (UPPCL), a Government of Uttar Pradesh undertaking. The order was placed after approval of the Corporate Stores Purchase Committee (CSPC) of UPPCL, Lucknow.

Domestic/International Order: Domestic

Nature of Order/Contract:

  • Product: 33 kV HT XLPE cable, size 3C x 300 sq. mm
  • Ordered quantity: 250 km
  • Tender Specification: EAV-06/2026-27 (LOI No. 2794/MD/PuVVNL(V)/MM-I/EE-I/EAV-06/2026-27 dated 12.08.2026)
  • Delivery to three Discoms: MVVNL (150 km), DVVNL (30 km), and PVVNL (70 km)
  • Guarantee period: 36 months from commissioning or 42 months from dispatch, whichever is earlier
  • Security deposit: 10% of order value

Order Value:

  • Total value: ₹ 61,03,55,000/- (Rupees Sixty-One Crore Three Lakh Fifty-Five Thousand only), inclusive of GST @ 18%
  • Value excluding GST: ₹ 51,72,50,000/-
  • Price basis: Variable as per IEEMA (Base Date: 01.02.2026); GST extra at actuals
  • The value indicated is the base price and the final realization will be as per the applicable price-variation formula

Materiality Context: Not Specified

Execution Timeline:

Scheduled deliveries from September 2026 to January 2027, with completion by January 2027

Revenue Recognition / Billing Structure:

Variable price basis as per IEEMA formula with base date of 01.02.2026

Key Terms & Payment Milestones:

  • Payment terms: 30 days after receipt of invoice
  • Price variation: As per IEEMA formula (Base date: 01.02.2026)
  • Security deposit: 10% of order value
  • Guarantee period: 36 months from commissioning or 42 months from dispatch, whichever is earlier

Whether Related Party Transaction: No. The order has been awarded by a State Government owned power distribution utility. It is neither a related party nor a related party transaction.

Promoter Group Involvement: No. None of the promoter / promoter group / group companies has any interest in the entity awarding the order.

Financial Implication: Not Specified