Two Letters of Commitment from Reliance Industries for Kutch substation civil works worth ₹70.35 Crore
400kV Main Pooling GIS Substation — ₹58.53 Crore (excl.
By ScoutQuest · · 1 min read
- 400kV Main Pooling GIS Substation Value
- ₹58.53 Crore (excl. GST)
- 400kV Main Pooling GIS Substation Timeline
- 9 months
- 400kV Mobile GIS 1 Substation Value
- ₹11.82 Crore (excl. GST)
- 400kV Mobile GIS 1 Substation Timeline
- 4 months
- Total Order Value
- ₹70.35 Crore (excl. GST)
What was shared
The company informed the exchanges that it has received 2 Letters of Commitment (LOC) from Reliance Industries Limited. A Letter of Commitment authorises the company to start the job, with other terms to follow as per the mutually agreed GCC and SCC / formal contract.
The two works
- Civil Works of 400kV Main Pooling GIS Substation at Kutch, Gujarat, under Kutch RE Project – Z2: basic order value ₹58.53 Crore (exclusive of GST).
- Civil Works of 400kV Mobile GIS 1 Substation at Kutch, Gujarat, under the same project: basic order value ₹11.82 Crore (exclusive of GST).
Timelines
- Main Pooling GIS Substation: to be executed within 9 months from the date of the LOC, with a mobilisation period of 15 days.
- Mobile GIS 1 Substation: to be executed within 4 months from the date of the LOC, with a mobilisation period of 10 days.
Other disclosed parameters
- Both orders are awarded by a domestic entity and are domestic work.
- Promoter / promoter group / group company interest in the awarding entity: NA.
- Related party transaction: NA.
How to read this
These are work commitments from a large domestic customer in the renewable-energy linked transmission space, adding to the company's order book. Values quoted are basic order values excluding GST, and revenue would typically be recognised as the work is executed over the stated periods. The company has undertaken to update the exchanges on any further developments on these projects.
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More numbers
- Basic order value – 400kV Main Pooling GIS Substation₹58.53 Crore (exclusive of GST)
- Basic order value – 400kV Mobile GIS 1 Substation₹11.82 Crore (exclusive of GST)
- Execution period – Main Pooling GIS Substation9 months
- Execution period – Mobile GIS 1 Substation4 months
- Mobilization period – Main Pooling GIS Substation15 days
- Mobilization period – Mobile GIS 1 Substation10 days
- Number of Letters of Commitment received2 (Two)
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