Key Quantitative Figures
- New Order Value: ₹1,628.74 crore (inclusive of taxes)
- Execution Timeline: 24 months
- Aggregate Order Book: Approximately ₹5,400 crore
- Order Book Expansion: ~35% (from previous ₹4,000 crore)
- Previous MGVCL Order: ₹471.92 crore
- H1 FY27 Revenue Growth: 46% year-on-year
Project Details
- Client: Dakshin Gujarat Vij Company Limited (DGVCL)
- Project Type: Turnkey project
- Scope: Conversion of existing 11/22kV HT & LT overhead electricity distribution networks into modern underground cable systems with SCADA-compatible equipment
- Scheme: DGVCL's SI Scheme
- Locations: Multiple locations under DGVCL's jurisdiction
Business Context and Performance
- The order represents back-to-back mega order wins from Gujarat's power utilities
- Company reported 46% year-on-year revenue growth in H1 FY27
- Company maintains healthy profitability and improving cash generation
- Substantially enlarged order book creates strong multi-year execution visibility
Company Background
- Business: Specialized Engineering, Procurement and Construction (EPC) company in India's Power Transmission and Distribution sector
- Experience: Over five decades of operation
- Capabilities: GIS and AIS substations, Extra High Voltage power cables, power transmission lines, distribution network infrastructure, underground cabling projects, operation and maintenance services
- Geographic Presence: Gujarat, Rajasthan, Uttarakhand, Maharashtra, Madhya Pradesh, Odisha
- ISO Certifications: ISO 9001, 14001, 45001, 50001, and 55001 (quality, environmental management, occupational health and safety, energy management, asset management)
Forward-Looking Statements
The press release contains cautionary language regarding forward-looking statements, noting they are subject to known and unknown risks and uncertainties that may cause actual results to differ substantially from expectations.