City-based integrated power cables and conductors manufacturer Laser Power & Infra Limited on Wednesday announced that it has secured Rs 8.36 billion in new orders from NTPC and two state utilities for the supply of power cables and related equipment.

The orders, awarded under the Revamped Distribution Sector Scheme (RDSS), have been placed by NTPC, Kanpur Electric Supply Company Ltd (KESCo) and Jodhpur Vidyut Vitran Nigam Limited (JDVVNL), the company said in a statement.

The key contracts include:

Rs 4.2211 billion from KESCo, Uttar Pradesh, for system strengthening,

Rs 2.1206 billion from NTPC for loss-reduction works in Udhampur and Reasi, Jammu & Kashmir, and

Rs 2.0213 billion from JDVVNL, Rajasthan, for feeder segregation and infrastructure development.

“While these projects are executed on a turnkey basis, the real value comes from the volumes of cables and conductors we supply from our integrated plants in West Bengal,” said Deepak Goel, Chairman and Managing Director.

Founded in 1988, the Kolkata-based company recently filed its draft red herring prospectus (DRHP) for a Rs 12 billion IPO, comprising a Rs 8 billion fresh issue and a Rs 4 billion offer for sale.

Laser Power reported Rs 25.7 billion in revenue from operations and a Rs 1.06 billion profit after tax, the statement added.