Om Power Transmission shares surged 4.42% to ₹189.95 following the announcement of a significant transmission line contract from SAEL Industries. The stock market rally came after the official announcement was made on Thursday, 25th June 2026, after market hours. The positive market response reflects investor confidence in the company's ability to execute large-scale power transmission projects and its growing order book in the power infrastructure sector.
Om Power Transmission has secured a significant contract from SAEL Industries for a transmission line project worth ₹18.50 crore. According to reports from Business Standard, the company received a Letter of Award (LoA) for the supply, erection, stringing, testing, and commissioning of a single-circuit 220 kV transmission line. The project involves connecting SAEL's proposed 240 MW solar power plant at Sipur to the Dhama Substation through double-circuit towers. The official announcement was made on Thursday, 25th June 2026, after market hours.
The transmission line project is scheduled for completion within eight months from the date of the Letter of Award. As reported by Business Standard, the company has clarified that the transaction does not qualify as a related-party transaction, with neither its promoters nor promoter group entities having any interest in the contract. With over 14 years of experience, Om Power Transmission operates as an engineering, procurement, and construction (EPC) company focused on power transmission infrastructure.
The company demonstrated robust financial growth in the quarter ended March 2026, with standalone net profit increasing 36.48% year-on-year to ₹16.65 crore compared to ₹12.20 crore in the corresponding quarter of the previous year. According to Business Standard, revenue from operations rose 67.20% to ₹174.62 crore from ₹104.44 crore during the same period. The strong financial performance reflects the company's expanding order book and operational efficiency in the power transmission sector.
