Synopsis: Chamunda Electrical Limited has been awarded a significant domestic contract by Gujarat Energy Transmission Corporation Limited (GETCO) for the operation and maintenance of 88 sub-stations.
In a company filing, Chamunda Electrical Limited announced the receipt of a Letter of Award (LOA) from GETCO, a government entity, for a contract valued at approximately ₹63.47 crore. The project scope involves the comprehensive Operation and Maintenance (O&M) of 88 units of 66 KV class sub-stations.
The contract is slated for execution over a period of 36 months (three years) from the date of commencement. The company received the formal award on April 1, 2026, following the initial letter dated March 25, 2026. This agreement is expected to significantly bolster the company’s order book and expand its footprint within the power transmission and maintenance sector. Chamunda Electrical confirmed that the awarding entity is not a related party and the promoter group holds no interest in GETCO.
Chamunda Electrical Limited’s stock, with a market capitalisation of ₹48.20 crore, rose to ₹43.80, up approximately 13.32 percent from its previous closing price. Despite a period of consolidation earlier in the quarter, the stock over the past year has given a return of 1.27 percent as the market reacts to the company’s expanding order book in the utility services space.
Company Overview
Founded as a specialized electrical services provider, Chamunda Electrical Limited has established itself as a key player in India’s power infrastructure and maintenance landscape. The firm specializes in the installation, operation, and engineering of high-voltage sub-stations and transmission lines for both government and private utility sectors. With a proven track record in executing large-scale technical contracts, Chamunda continues to drive efficiency in power distribution networks across Western India, turning complex grid requirements into reliable energy solutions.
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