Jayant Infratech Limited has received a Letter of Acceptance from South East Central Railway, Bilaspur, for execution of Railway Overhead Electrification works. This disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in alignment with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
Contract Details
- Awarding Entity: South East Central Railway, Bilaspur
- Contract Value: ₹16,54,65,661.93 (Rupees Sixteen Crore Fifty-Four Lakh Sixty-Five Thousand Six Hundred Sixty-One and Ninety-Three Paise Only), inclusive of all duties and taxes
- Nature of Contract: Overhead Electrification Works
- Execution Timeline: June 2027
- Geographic Scope: Domestic (India)
Scope of Work
The contract includes three main components:
1. Electrification of 4th Line between DLBS-Durg (including Cross-overs, Loop Line, sidings etc. approximately 17 TKM), Elimination of existing Diamond Crossing and modification of yard in connection with 4th line by 2x25 KV, 50HZ A.C., single Phase OHE work
2. Electrification with 1x25 KV, 50HZ A.C, single Phase OHE work of Rajnandgaon Goods Shed /FCI Siding line including 02nos Cross Over (2.8 RKM/4.5TKM)
3. Provision of OHE Bonds for new DC track circuit in the station yards of Dadhapara, Belha, Dagori, Nipania, Bhatapara, Hathbandh, Bhilai, Bhilai Power House, Bhilai Nagar, Rajnandgaon, Bakal, Musra, Jatkanhar, Dongargarh in connection with the 4th line construction work in Raipur and Nagpur division over S.E.C. Railway
Corporate Governance Aspects
- No interest from promoter/promoter group companies in the entity that awarded the contract
- Not a related party transaction
- The disclosure is made voluntarily in adherence to the principles of good corporate governance and the company's Policy on Materiality of Events and Information
Expected Impact
The contract is expected to contribute to the revenue and operational growth of the company.