Wednesday, January 7 — Shares of JD Cables surged over 4% in early trade, with the stock trading around Rs 246.85 on the BSE, after the company announced that it has received a major EPC work order worth about Rs 244 crore from Kaushal Engineering Limited (KEL).
In an exchange disclosure, JD Cables said the order involves engineering, procurement and construction (EPC) works for a National Highway Development Project in Jharkhand. The scope of work includes the completion of civil and electrical works for the Chauparan Flyover, Barkatha Flyover, a Road Over Bridge (ROB) and associated electrical works as part of the six-laning of the Bihar–Jharkhand Border stretch (Chordaha to Gorhar section) of National Highway-2.
The project spans from km 249.525 to km 320.810 and is being executed under NHDP Phase-V on an EPC basis. JD Cables said the total contract value stands at Rs 2,43,99,19,353 (around Rs 244 crore), inclusive of GST, approved change of scope, applicable price escalation, and all related taxes, duties, labour cess and material royalty, on a back-to-back basis with the main contract.
The company added that the project is targeted for completion within 12 months from the date of execution of the agreement.
Management said the order strengthens JD Cables’ order book and reflects the company’s growing capability in executing large-scale and technically complex EPC infrastructure projects, particularly in the national highways segment. The company noted that the project also expands its footprint in highway infrastructure works.
JD Cables manufactures a wide range of wires, cables and conductors used in power transmission and distribution. Its product portfolio includes power cables, control cables, Aerial Bunched cables, single-core service wires, AAC, AAAC and ACSR conductors.
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