+
Atlanta Electricals Secures Rs 190 Crore Order From RVPN
ECONOMY & POLICY

Atlanta Electricals Secures Rs 190 Crore Order From RVPN

Atlanta Electricals has secured an order worth Rs 190 crore (Rs 1,900 million; Rs 1.9 bn) from Rajasthan Rajya Vidyut Prasaran Nigam (RVPN). The company said the contract will be recorded in its order book and will contribute to revenue visibility. The announcement was made through a regulatory disclosure. One crore equals ten million, which explains the conversion to million and billion formats used here.

The order value converts to Rs 1,900 million, which is Rs 1.9 bn, reflecting the scale of the contract. This conversion clarifies the monetary magnitude for investors and stakeholders. The company said it will provide contractual timelines and execution details in subsequent filings. It noted that further information will be shared in periodic regulatory updates.

Atlanta Electricals said the order will be included in its current order backlog and will support operational planning. The company indicated that supplies and services will be delivered in accordance with contractual terms. It also noted that the deal underlines ongoing engagement with state electricity transmission entities. The firm said the contract will be accounted for under its existing project execution framework.

Management said the contract strengthens the company’s visibility and cash flow assumptions for the near term. The company said it remains focused on timely execution and adherence to quality standards. It will update investors through regular disclosures as necessary. The company also reaffirmed its commitment to regulatory compliance and shareholder communication.

The company said revenue from the contract will be recognised in accordance with applicable accounting policies and on completion of contractual milestones. It will monitor project progress and report relevant updates in quarterly disclosures. The board will review progress as part of routine governance oversight.

Atlanta Electricals has secured an order worth Rs 190 crore (Rs 1,900 million; Rs 1.9 bn) from Rajasthan Rajya Vidyut Prasaran Nigam (RVPN). The company said the contract will be recorded in its order book and will contribute to revenue visibility. The announcement was made through a regulatory disclosure. One crore equals ten million, which explains the conversion to million and billion formats used here. The order value converts to Rs 1,900 million, which is Rs 1.9 bn, reflecting the scale of the contract. This conversion clarifies the monetary magnitude for investors and stakeholders. The company said it will provide contractual timelines and execution details in subsequent filings. It noted that further information will be shared in periodic regulatory updates. Atlanta Electricals said the order will be included in its current order backlog and will support operational planning. The company indicated that supplies and services will be delivered in accordance with contractual terms. It also noted that the deal underlines ongoing engagement with state electricity transmission entities. The firm said the contract will be accounted for under its existing project execution framework. Management said the contract strengthens the company’s visibility and cash flow assumptions for the near term. The company said it remains focused on timely execution and adherence to quality standards. It will update investors through regular disclosures as necessary. The company also reaffirmed its commitment to regulatory compliance and shareholder communication. The company said revenue from the contract will be recognised in accordance with applicable accounting policies and on completion of contractual milestones. It will monitor project progress and report relevant updates in quarterly disclosures. The board will review progress as part of routine governance oversight.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

We must become equally good at making cities liveable

India’s cities are growing rapidly but the focus must now shift from building more to creating better places to live. Suresh Babu, Organising Secretary, National Convention of Architectural Engineers, discusses the need for integrated, inclusive and people-centric urban development, and the role of technology and architectural engineering in shaping future cities.What is the central idea behind the convention?India aspires to become a developed nation by 2047 and cities will be central to that transformation. But development cannot be measured only by taller buildings, wider roads or larger ..

Next Story
Infrastructure Urban

Insurance is not a cost; it is protection for the balance sheet

As infrastructure projects grow larger and more complex, their risk profiles are evolving beyond physical damage. Underinsurance, business interruption, supply-chain disruptions, climate volatility, surety and transactional exposures can all have significant financial consequences. Mohan Agrawal, Director and Business Lead - Construction, Infra & Warehousing, EDME Insurance Brokers, discusses these emerging risks and the gaps in conventional insurance practices in a conversation with KAVITA PARAB, CW. He explains why infrastructure players need to view insurance not merely as a cost, but a..

Next Story
Equipment

Optimising Earthmoving

Constituting India’s biggest fleet of construction equipment by type, earthmovers positively impact project outcomes and company bottomlines if best practices are adopted. Here’s a guide from CW.Select the right machineOne of the biggest challenges in using earthmovers isn’t machine failure but using the wrong machine configuration for the application, according to Chaitanya Bhagde, P&M Head, SHC Projects. “Unless equipment is deployed after considering the soil type, excavation depth, haul distance and production target, the application will face low productivity, longer time depl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code