Laser Power Secures Rs 8.36 Billion Orders From NTPC, State Utilities
POWER & RENEWABLE ENERGY

Laser Power Secures Rs 8.36 Billion Orders From NTPC, State Utilities

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.

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.

Next Story
Infrastructure Energy

Coal Ministry Simplifies Disposal of Washery Rejects

The Ministry of Coal has recently simplified the process for disposal of coal washery rejects to enhance ease of doing business and ensure faster utilisation, while maintaining environmental safeguards. The move aligns with the government’s Atmanirbhar Bharat vision and ongoing reform agenda in the coal sector. Under the existing policy issued on 27 May 2021, washery rejects were disposed of through a three-tier priority system. The first priority allows their use for energy extraction, in line with Solid Waste Management Rules, 2016, applicable to waste with calorific value above 1,500 kca..

Next Story
Infrastructure Urban

India, Oman Sign CEPA to Boost Trade and Services Ties

India and Oman have recently signed a Comprehensive Economic Partnership Agreement (CEPA), marking a major milestone in India’s strategic engagement with the Gulf region. The agreement was signed in the presence of Narendra Modi and Sultan Haitham bin Tarik, by Piyush Goyal and Qais bin Mohammed Al Yousef. The CEPA provides unprecedented market access for Indian goods, with Oman offering zero-duty access on 98.08 per cent of its tariff lines, covering 99.38 per cent of India’s exports by value. Major labour-intensive sectors such as textiles, leather, footwear, gems and jewellery, enginee..

Next Story
Technology

TTDF Backs 136 Telecom R&D Projects Worth Rs 5.42 Bn

The Telecom Technology Development Fund (TTDF) Scheme has recently approved 136 projects worth Rs 5.42 billion to strengthen indigenous telecom innovation across India, the government informed Parliament. The scheme focuses on bridging the digital divide by enabling development and manufacturing of advanced telecom technologies for rural and remote areas. In a written reply to the Rajya Sabha, Minister of State for Communications and Rural Development Pemmasani Chandra Sekhar said the TTDF Scheme, launched on 1 October 2022, supports IITs, NITs, MSMEs, start-ups and research institutions work..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App