Hartek Power secures Rs. 1.23 crore contract for Erection, Testing & Commissioning at Welspun, Gujar

Team Finance Saathi

    24/Mar/2025

What's covered under the Article:

  1. Hartek Power awarded a Rs. 1.23 crore contract for Erection, Testing & Commissioning at Welspun, Gujarat.

  2. The project, awarded by a domestic private entity, is expected to be completed within 6 months.

  3. No related party transactions involved; Hartek Power continues expanding its EPC project portfolio.

Hartek Power Private Limited (HPPL) has been awarded a significant contract worth Rs. 1.23 crore (including GST) for Erection, Testing & Commissioning work at Welspun, Gujarat. This contract further strengthens Hartek Power’s position in India’s power infrastructure sector.

Contract Details

The contract has been awarded by Hartek Power Private Limited and involves comprehensive Erection, Testing & Commissioning (ETC) work. The project is to be executed in Welspun, Gujarat, within a stipulated timeline of 6 months from the date of the Letter of Award.

  • Awarding Entity: Hartek Power Private Limited

  • Nature of Work: Erection, Testing & Commissioning

  • Project Location: Welspun, Gujarat

  • Contract Value: Rs. 1,23,90,000 (including GST)

  • Execution Timeline: 6 months

  • Related Party Transactions: None

Strategic Importance of the Project

Hartek Power’s latest contract aligns with its broader goal of strengthening India's power infrastructure. The company has been consistently securing Engineering, Procurement, and Construction (EPC) contracts in the transmission and distribution (T&D) sector.

This contract marks another milestone in Hartek Power’s expansion, solidifying its reputation in executing high-value power sector projects. Given India's increasing focus on renewable energy and grid expansion, Hartek Power is expected to play a pivotal role in future infrastructure projects.

Growth Prospects for Hartek Power

With its strong execution capabilities and focus on high-quality engineering solutions, Hartek Power is poised to take on more EPC contracts across India. The company’s ability to deliver projects within stipulated timelines and budget constraints makes it a preferred choice for power infrastructure projects.

This latest contract win reflects the trust and reliability that major companies place in Hartek Power’s expertise. Investors and stakeholders are keenly watching how this project will contribute to the company's financial performance and overall market positioning.

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Hartek Power’s growing presence in India’s power infrastructure sector continues to be a key development for industry watchers. Stay tuned for further updates on their ongoing projects and new contract wins.

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