Core Announcement – Order Details
Awarding Entity: Madhya Gujarat Vij Company Limited (MGVCL)
Domestic/International Order: Domestic
Nature of Order/Contract: Turnkey contracts for Conversion of HT O/H 11 kv open line to MVCC overhead conductor and under ground networking, within the jurisdictions of various MGVCL divisions under the SI Scheme – Robust-III.
Order Value: Rs.466,73,61,738.00 (Rupees Four Hundred Sixty-Six Crore Seventy-Three Lakh Sixty-One Thousand Seven Hundred Thirty-Eight Only), inclusive of taxes
Materiality Context: From existing client. The order value has already been considered and disclosed in the Company's Investor Presentation and intimation regarding its L1 position.
Execution Timeline: 18/16 (Eighteen/Sixteen) Months from the Dates of LOAs
Revenue Recognition / Billing Structure: Not Specified
Key Terms & Payment Milestones: Not Specified
Whether Related Party Transaction: NO
Promoter Group Involvement: NO
Financial Implication: Not Specified