S&S Power Subsidiary Bags ₹6 Crore+ Order for Powergrid Projects ⚡
Hey finance enthusiasts!
We’ve got some exciting news from the power sector! S&S Power Switchgears Limited (S&SPOWER) recently announced a significant win for its wholly-owned subsidiary, S&S Power Switchgear Equipment Limited (SSPSE). They’ve just bagged a Letter of Award (LOA) from Hartek Power Private Limited for a crucial supply contract.
What’s the Buzz?
SSPSE will be supplying a range of high-voltage isolators – specifically 420 KV, 245 KV, 72.5 KV, and 36 KV units. These aren’t just any components; they’re essential safety devices used in electrical substations to isolate parts of the circuit for maintenance or fault clearance. The best part? These isolators are destined for projects under the Powergrid Corporation of India Limited, a backbone of India’s national power transmission system. Talk about contributing to critical infrastructure! 🏗️
The Financials & Timeline
This domestic order is valued at more than ₹6 Crores, a substantial boost for the company. For those keeping an eye on timelines, the delivery schedule for this contract is set to kick off from the last quarter of the current fiscal year. This means we can expect to see the revenue recognition from this order flowing in soon.
Why This Matters
For a company like S&S Power, which specializes in electrical switchgear and power equipment, securing orders for major infrastructure projects like those by Powergrid is a testament to their product quality and reliability. It reinforces their position in the domestic market and highlights their role in strengthening India’s power transmission capabilities. Such consistent order wins are key indicators of a company’s operational health and future growth prospects in the capital goods sector. 💪
It’s always great to see Indian companies playing a vital role in building the nation’s infrastructure. Keep an eye on S&S Power as they continue to power up India! 💡
source: Corporate Announcement
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