Key Event Details
The Company has received Notifications of Awards (NOAs) from Power Grid Corporation of India Limited (PGCIL).
Order/Contract Specifications
- Awarding Entity: Power Grid Corporation of India Limited (PGCIL) - Domestic Entity
- Nature of Order: Manufacturing of transformers of various ratings, along with all associated work
- Geographic Scope: Domestic
- Execution Timeline: Scheduled delivery within next 30 months
- Order Classification: Ultra Mega Order*
- Order Size: ₹1000 crore and above (as per company's Ultra-Mega Order classification)
Financial Classification*
*Project Classification excluding GST:
- Significant Orders: Up to ₹100 Cr
- Large Orders: ₹100 Cr to ₹500 Cr
- Mega Orders: ₹500 Cr to ₹1000 Cr
- Ultra-Mega Orders: ₹1000 Cr and above
Promoter/Group Company Interest
The Promoter/Promoter Group/Group companies do not have any interest in Power Grid Corporation of India Limited, the entity that awarded the orders.
Related Party Transaction Status
The order falls under the normal course of business and does not constitute a related party transaction.
Company Commentary
The Company states it is "committed to delivering high-quality products and services and has established itself as a leading manufacturer of transformers in the country over time."