Laser Power & Infra Secures Rs 73 Crore Power Grid Contract

Total Contract Value: Rs 72.77 crore.
Project Timeline: Execution within 12 months from award notification.

Reader Takeaway: This order marks the company's first HTLS conductor win, establishing a presence in a specialized infrastructure niche.

What just happened

Laser Power & Infra Ltd has been awarded a major contract by Power Grid Corporation of India Limited (PGCIL) for the 'Reconductoring Package OH0l' under the North Eastern Region Expansion Scheme (NERES-XXIV). The contract is valued at Rs 72.77 crore, comprising Rs 58.92 crore for the supply of High Temperature Low Sag (HTLS) conductors and Rs 13.85 crore for installation and commissioning services.

Why this matters

The project involves the reconductoring of two 132kV single-circuit lines: the Khandong–Halflong line (approx. 63 km) and the Halflong–Jiribam line (approx. 101 km). More importantly, this represents the company's inaugural commercial order for HTLS conductors. This technology is increasingly critical for upgrading power capacity in aging grids, signaling a strategic shift for Laser Power & Infra to higher-value product segments.

What changes now

The company must now pivot toward the execution phase, with a hard deadline of 12 months to complete both supply and commissioning. Success here is vital; as this is their first commercial HTLS project, it will serve as a pilot case for future tenders in this specialized category.

Risks to watch

As a first-time supplier for HTLS technology, the company faces execution risks regarding material quality and project timelines. Any delays in the North Eastern region terrain could impact the project’s margin profile and affect the company's future bidding eligibility for similar Power Grid tenders.

What to track next

Investors should look for quarterly updates on procurement and on-site execution progress to ensure the project remains on track within the 12-month window.