Promax Power Ltd Secures First International Contract in Nepal worth INR 21.89 crore

Promax Power Limited, in collaboration with a joint venture partner, has secured our first international contract. This significant milestone involves a project worth INR 21.89 crore in Nepal.

The contract encompasses the construction, design, supply, installation, testing, and commissioning of a 132 KV Double Circuit (D/C) transmission line. This project not only marks a major achievement for Promax Power Limited but also strengthens our position in the international market, showcasing our commitment to delivering excellence in the power sector.

We extend our gratitude to all stakeholders for their unwavering support and dedication. This accomplishment would not have been possible without the hard work and collaborative efforts of our entire team. We look forward to successfully executing this project and to many more opportunities in the future.

Shares of Promax Power Ltd was last trading in BSE at Rs. 60.44 as compared to the previous close of Rs. 63.62. The total number of shares traded during the day was 12500 in over 5 trades.

The stock hit an intraday high of Rs. 64.40 and intraday low of 60.44. The net turnover during the day was Rs. 775050.00.

Source : Equity Bulls

Keywords

PromaxPower INE0I2F01015 Construction Engineering International OrderWin Nepal