Trident Techlabs Secures Multi-Year Work Order from Tata Power for Maintenance Services

Team Finance Saathi

    17/Mar/2025

What's covered under the Article:

  1. Trident Techlabs secures a significant work order from Tata Power Delhi Distribution worth INR 1.34 crores.
  2. The work order entails a multi-year contract for maintenance of specialized power distribution solutions.
  3. The company is excited to collaborate with Tata Power for this new venture, enhancing its market presence.

Trident Techlabs Limited has made a significant advancement in its business operations by securing a multi-year work order from Tata Power Delhi Distribution Limited. This development is in line with the company's growth strategy to expand its footprint in the power distribution sector. The order, valued at INR 1,34,52,000 (Rupees One Crore Thirty-Four Lakh Fifty-Two Thousand Rupees Only), is inclusive of GST at 18% and is a major milestone for the company.

The work order is part of a long-term contract for the provision of maintenance services specifically for Tata Power's specialized power distribution network planning solution. This contract involves a multi-year engagement, emphasizing the importance of this deal in both the short and long-term for Trident Techlabs. The company has shown consistent commitment to providing innovative and high-quality services, and this award further strengthens its reputation in the industry.

In accordance with Regulation 30 of the Securities and Exchange Board of India (LODR) Regulations, 2015, and as per Schedule III of the same regulations, Trident Techlabs has made the necessary disclosures to the National Stock Exchange of India Limited. The disclosure includes the significant terms and conditions of the contract awarded, outlining the nature of the order, its value, and the entity awarding the contract.

The company takes pride in this achievement, which marks the beginning of an exciting collaboration with Tata Power Delhi Distribution Limited. This partnership opens up avenues for further growth in the power distribution sector and highlights the dedication and expertise of the Trident Techlabs team. The successful execution of this contract is expected to have a significant positive impact on the company’s future prospects.

With this contract, Trident Techlabs demonstrates its growing influence and capability in handling large-scale projects in the energy sector, particularly in providing specialized network planning solutions for power distribution. By collaborating with Tata Power, one of the largest and most respected players in the Indian power sector, Trident Techlabs solidifies its position as a key player in the industry.

Further disclosures required under SEBI Circular No. CIR/ CFD /CMD/4/2015 dated September 9, 2015 have also been made, including the specific terms of the order, the timeline for execution, and the size of the contract. Notably, the contract does not fall under the category of related party transactions, and the promoter group or group companies of Trident Techlabs have no interest in the entity awarding the contract.

The company's commitment to delivering high-quality solutions is reflected in its ongoing efforts to enhance its service offerings. This work order will allow Trident Techlabs to expand its capabilities in the maintenance of specialized power distribution networks, which is crucial for the seamless delivery of power to consumers. This project represents an exciting new chapter for the company, as it continues to make strides in securing valuable contracts with key industry players.

The strategic collaboration with Tata Power Delhi Distribution Limited is poised to enhance Trident Techlabs' profile in the market, opening doors to new opportunities and strengthening its competitive position in the power sector. The company looks forward to executing this project successfully and maintaining its reputation for delivering exceptional value to its stakeholders.

In conclusion, this work order not only showcases the company’s growing business but also underlines its dedication to the field of power distribution network solutions. Trident Techlabs is optimistic about the future and is excited to continue its journey towards becoming a leading player in the power distribution industry.


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