NCC has secured four new orders totalling Rs 8,398 crore for its electrical division in the month of August, 2023. The company received two orders from the Maharashtra State Electricity Distribution (MSEDCL) for an advanced metering infrastructure (AMl) project.
Of these two orders, one is estimated to cost Rs 2,822 crore and the second contract is worth Rs 2,933 crore. These two projects are expected to be executed through special purpose vehicles (SPVs). These contracts will be executed on design, build, finance, own, operate and transfer (DBFOOT) basis under revamped distribution sector scheme (RDSS). It will run for nine years and three months, including operation and maintenance (O&M) for seven years.
Likewise, the third contract from North Bihar Power Distribution (NBPDCL) for an AMl project on DBFOOT basis. The contract, costing Rs 2,324 crore, will be carried out for nine years and three months.
The fourth order worth Rs 319 crore has been received from Bangalore Electricity Supply (BESCOM) for the upgradation of distribution automation system (DAS), which is to be executed within 18 month of timeline.
