Continental Petroleums Limited (BSE: 523232) has bagged a Rs 32.64 crore order from Jaipur Vidyut Vitran Nigam Limited for developing power distribution infrastructure at Jhalawar in Rajasthan on a turnkey basis.
Jaipur Vidyut Vitran Nigam Limited has awarded a Letter of Intent to Continental Petroleums for development of distribution infrastructure work for segregation of 11KV mixed feeders at Jhalawar of Jaipur Discom under the revamped reforms-based and results linked distribution sector scheme.
Commenting on the development, Madan Lal Khandelwal, Chairman and Managing director, CPL, said, “We are glad to have bagged this prestigious order for developing the distribution infrastructure for Jaipur Vidyut Vitran Nigam Limited, Power transmission and distribution EPC has been a core area of focus for us and we are looking to strengthen our presence in this segment in a big way moving forward. We believe this order will not just give a boost to our topline but will also help enhancing our presence and reach in the EPC business across the country.”
Continental Petroleums Limited (CPL) is one of the leading manufacturers of industrial Lubricants & Greases in India, manufacturing a wide range of premium quality lubricants for Automotive & Industrial Application, under the registered brand name of “CONTOL”. The company is also engaged in Common Treatment Disposal / Incineration of hazardous waste viz. solid, liquid, and aqueous and EPC projects particularly in Power transmission and distribution infrastructure.
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