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Diversified engineering, procurement and construction company Punj Lloyd has won two rural electrification contracts worth ₹ 483 crore from NTPC Ltd for two districts in Odisha under the Rajiv Gandhi Grameen Vidyutikaran Yojana.
The company said in a statement on Thursday that the scope of work for these two projects includes supply and erection of rural electrification work, construction and augmentation of substation, installation of distribution transformers and connections to below poverty line consumers in the districts.
“These projects come shortly after the company announced its debut in T&D with two orders for rural electrification by Power Grid Corporation of India Limited,” said C K Thakur, President & CEO – Power, Punj Lloyd.
“With this Punj Lloyd will be executing four T&D orders with a cumulative value of approximately ₹ 1,000 crore,” he added.
The group’s order backlog stands at ₹ 20,283 crore. The order backlog is the value of unexecuted orders on September 30, 2015 plus new orders received after that date.
The company shares were trading higher by 4.99 per cent at Rs 25.25 on the BSE.
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