Jay Bee Laminations Limited on Monday announced that it has secured two significant domestic work orders from ABI Energy Solutions Limited worth approximately ₹172.63 crore.
Details of the orders
The contracts involve the supply of plant and installation services for engineering, procurement, construction, and commissioning of transmission lines and distribution lines across Punjab. The company confirmed that both orders are to be executed within 24 months .
Nature of the deal
The company clarified that the work orders were awarded by a domestic entity and do not fall under related party transactions. It also confirmed that neither the promoter group nor group companies hold any interest in ABI Energy Solutions .
Significance
The new contracts strengthen Jay Bee Laminations’ order book and reaffirm its position in the engineering and transmission space. With a combined value of over ₹170 crore, the deals add visibility to the company’s revenue stream for the next two years.
