Subhash Projects & Marketing Ltd – Complete details about the Rs.309 Crores order

Subhash Projects & Marketing Ltd has informed the leading indian stock Exchanges that

“The Company has bagged orders cumulatively worth Rs. 309 Crores for execution of power projects. These include projects worth Rs. 220 Crores to be executed for Karnataka Power Transmission Corporation Ltd. and Hubli Electricity Supply Co. Ltd. in Karnataka and Rs. 89 Crores for Power Grid Corporation of India Ltd. (PGCIL) in Bihar on turnkey basis. The scope of work in Karnataka includes upgradation of existing sub stations, construction of 220/110/66 KV sub-stations and transmission lines. The order for PGCIL in Bihar involves construction of new underground cabling as well as revamp of existing limes under the APDRP Phase – II. The completion period for the above projects will be 12-18 months. The Company has entered the power business in 2001 and is one of the foremost players to participate in the rural electrification drive. Today, the company’s power business contributes to around 50% of total order book, currently at Rs. 2900 Crores”