Om Power Transmission Secures ₹101.56 Crore Underground Cabling Order in Ambaji

Key numbers

Market Cap	₹555.45 CrSmall Cap
P/E Ratio	13.16xSector: 23.45x
Promoter Holding	69.05%Zero Pledge
Order from	Uttar Gujarat Vij Company Limited
Execution period	12 months after commencement period of 45 days
Deal value	₹101.56 Cr
Share of market cap	18.3%
Share of annual revenue	21.1%

Key highlights

• New turnkey contract valued at ₹101.56 crore including GST
• Order size represents approximately 18.3% of the company's total market capitalization
• Project involves converting electrical line networks to underground systems at Ambaji
• Execution timeline set for 12 months following a 45-day commencement period
• Contract follows a series of recent wins from GETCO totaling over ₹200 crore

A Major Infrastructure Upgrade for Ambaji

Om Power Transmission Limited has been awarded a significant turnkey contract by Uttar Gujarat Vij Company Limited. The scope of work encompasses the conversion of the existing electrical line network into a modern underground cable system, along with all associated activities in the Ambaji region. Valued at ₹101.56 crore, the project is a domestic award that includes Goods and Services Tax.

This infrastructure project aims to modernize the local power distribution network by replacing vulnerable overhead lines with resilient underground alternatives, utilizing the company's expertise in turnkey electrical solutions and power transmission engineering.

Order Book Momentum and Financial Context

The ₹101.56 crore award provides substantial revenue visibility, representing roughly 21.1% of the company's trailing twelve-month revenue of ₹481.94 crore. This win builds on intense bidding activity; Om Power recently secured multiple letters of intent from Gujarat Energy Transmission Corporation in October 2026, including projects worth ₹78.84 crore and ₹69.18 crore. As of March 2026, the company’s bidding pipeline was reported to exceed ₹900 crore.

While the company saw a sequential revenue decline of 30.35% in the June 2026 quarter, year-on-year revenue growth remained strong at 36.88%, supported by consistent domestic contract wins.

Project Timeline and Technical Details

• Execution period of 12 months follows a mandatory 45-day commencement window
• Total consideration is exactly Rupees 101,56,47,911.35 inclusive of GST
• The contract is classified as a turnkey based conversion project for existing networks
• No promoter or group companies have any interest in the awarding entity
• The transaction is not a related party transaction and was secured at arm’s length

What to watch next

• Completion of the 45-day commencement period and site mobilization in late 2026
• Scheduled completion of the ₹40.69 crore NTPC Bhuj solar switchyard project by July 2027
• Execution progress of the ₹78.84 crore GETCO Chorania-Salejda transmission line awarded in October 2026

Om Power Transmission · financial snapshot

Share price	₹162.2
Market capitalisation	₹555.45 Cr
Revenue (annual)	₹449.16 Cr
Net profit (annual)	₹40.02 Cr
Revenue (latest quarter)	₹121.63 Cr-30.35% vs previous quarter
Net profit (latest quarter)	₹10.52 Cr-36.83% vs previous quarter
P/E (TTM)	13.16×Sector 23.45×
Promoter holding	69.05%
FII holding	4.12%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.