These are bulk procurement contracts for the supply and installation of 765kV class transformers and reactors worth about ₹500 crore.
In the previous corresponding quarter, the company posted a net profit of ₹4,028.30 Crore, said the company in its filing with the bourses.
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It operates the Indian portion of the Muzaffarpur-Dhalkebar 400 kV double circuit cross-border transmission line that connects India and Nepal.
The first project is the capacity expansion of the transformation at under-construction substations in Gujarat that are collectively known as KPS1 and KPS2 (Phase-V, Part B1 & B2).
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The project shall be implemented on a Build, Own, Operate, and Transfer BOOT basis. The company received the letter of intent (LoI) for the project on November 25, 2024.
The board approved the payment of the first interim dividend of ₹4.50 per equity share of ₹10 for fiscal year 2024-25.
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The aforementioned order is not a related party transaction; rather, it is within the regular course of business.
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