Core Announcement – Order Details
Awarding Entity: Odisha Lift Irrigation Corporation Limited (OLIC), A Govt. of Odisha Undertaking
Domestic/International Order: Domestic entity
Nature of Order/Contract: Installation, electrification, energisation & commissioning of 500 no. of deep borewells in the state of Odisha. Scope of work includes conducting VES test, drilling and lowering the casing pipe, installation of submersible pump and construction of 3 phase LT Line.
Order Value: Work Order Value is ~Rs. 18.71 Crores (including GST)
Materiality Context: Not Specified
Execution Timeline: 180 days
Revenue Recognition / Billing Structure: Not Specified
Key Terms & Payment Milestones: Guarantee Period is 18 months from the date of completion & commissioning. No other payment or milestone terms disclosed.
Whether Related Party Transaction: No
Promoter Group Involvement: No
Financial Implication: Not Specified