Receipt of Letter of Intent from Gujarat Energy Transmission Corporation for 220kV D/C Prantij-Jantral Line Package 2

Received a Letter of Intent from Gujarat Energy Transmission Corporation Ltd.

Tue 6 Oct 2026

Contract Price

Rs. 69.18 Crores (incl. GST)

Execution Period

24 months from the date of LOA

Order Scope

Supply, erection, testing and commissioning of 220kV D/C Prantij-Jantral Line Package 2 on turnkey basis

What the company has intimated

The company has received a Letter of Intent from Gujarat Energy Transmission Corporation Limited for supply, erection, testing and commissioning of the 220kV D/C Prantij-Jantral Line Package 2 on turnkey basis, at a contract price of Rs. 69.18 Crores (including GST).

Order details as disclosed

• Entity awarding the order: Gujarat Energy Transmission Corporation Limited
• Scope: supply, erection, testing and commissioning of 220kV D/C Prantij-Jantral Line Package 2 on turnkey basis
• Contract price stated in the intimation: Rs. 69.18 Crores (including GST)
• Broad consideration printed in the annexure: Rupees 69,18,77,476/- (including GST)
• Execution period: 24 months from the date of LOA
• The order has been awarded by a domestic entity
• The disclosure states the promoter/promoter group/group companies have no interest in the entity that awarded the order
• The disclosure states the order does not fall within related party transactions

What a Letter of Intent means

An LOI is a letter of intent — a document by which the customer indicates it intends to place the work. The company has disclosed this as receipt of a Letter of Intent, and the money figure attached to it is the contract price stated in the intimation.

Points a new investor may note

• The job is turnkey, meaning the company is to handle supply, erection, testing and commissioning together rather than supply alone.
• The stated execution period is 24 months from the date of LOA, so the work and the related billing would typically be spread across that period.
• The contract has been awarded by a domestic entity, and the annexure records that there is no promoter interest and that the transaction is not a related party transaction.

How this fits the broader picture

Order intimation of this kind is usually tracked by investors as part of the company's order inflow. The value is fixed at Rs. 69.18 Crores including GST, and the timeline of 24 months from the date of LOA is the period given for execution.

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