ICSA India Ltd announced on Wednesday that it has pocketed work orders worth Rs 4.64 billion for a range of electricity and infrastructure projects.
The company, which provides embedded technology solutions for the power sector, said that the fresh orders were received from the Bihar State Electricity Board, the Maharashtra State Electricity Distribution Co and M.P. Poorv Kshetra Vidyut Vitaran Co Ltd,
The first order for supply and installation of rural electricity infrastructure and household electrification in Katihar District of Bihar is valued at Rs 2.54 billion
The second order valued at Rs 1.70 billion is from Mahavitaran for supply, transport, construction, erection testing and commissioning of sub transmission and distribution lines, power transformers, new substations coupled with augmentation of existing substations, distribution transformers of varying capacities and allied works in Nagpur Zone.
The last order worth Rs 39.79 crore is for supply of material, survey, erection, installation, testing and commissioning of new three phase 11 KV lines, 11/.04 KV distribution transformer substations.
While making announcement about the projects, Mr. G Bala Reddy, chairman and managing director, said that the two orders including the Bihar and M.P. order are to be completed in 18 months, whereas the Maharashtra order is for 24 months.
Mr. G Bala Reddy, chairman and managing director, said that the company’s current order book stands at Rs 22 billion, and it is eyeing average margins of 15% from these projects.
The company stock, on Wednesday (Mar 18), ended at Rs 69.10 at BSE.