Laser Power & Infra wins ₹72.76 crore Powergrid order, secures first commercial HTLS conductor contract

Kolkata, October 5, 2026: Laser Power & Infra Limited announced today that it has secured contracts aggregating to ₹72.76 crore from Power Grid Corporation of India Limited, marking the companys first commercial order for High Temperature Low Sag conductors. The work covers the supply of HTLS conductors and the reconductoring of two existing 132 kV transmission lines under the North Eastern Region Expansion Scheme XXIV, with execution scheduled within 12 months from award.

What the order includes

The award comprises supply of HTLS conductors and associated materials together with field services for reconductoring, installation and commissioning. The project spans approximately 164 circuit kilometres of existing transmission corridors and brings together the companys manufacturing, engineering and on site execution capabilities. Laser Power said the contract follows extensive product testing and utility qualification steps, and it intends to deliver both goods and services as an integrated package.

Why this matters to Laser Power and the transmission sector

The order represents a milestone for Laser Power because it moves its HTLS platform from development and qualification into commercial execution. HTLS conductors allow higher current carrying capacity in existing rights of way while limiting thermal sag, helping utilities increase transfer capability without the need for building new corridors. For a company transitioning from traditional conductor manufacturing into specialised transmission technologies and turnkey execution, a Powergrid contract functions as a strong validation of technical readiness and execution capability.

Execution timeline and geographic focus

The contracts are to be completed within 12 months from notification of award. Project details published by the company indicate the reconductoring packages are part of Powergrids North Eastern Region expansion programme, an area where increasing grid robustness and integration of new generation resources is a continuing priority. Completing reconductoring work in existing corridors is often operationally complex, requiring careful coordination with system operators to maintain service and safety.

Company perspective and strategy

In its announcement, Laser Power described the order as a watershed event, reflecting about 18 months of concentrated effort on product development, testing and qualification for HTLS technology. The company noted its licensing arrangement with a US technology partner as providing access to an advanced conductor platform, and framed this award as part of a broader strategy to expand into advanced transmission technologies, underground EHV works and integrated EPC services. Laser Power said successful delivery would help it pursue further opportunities in the specialised HTLS and reconductoring segment.

Financial and market implications

At ₹72.76 crore, the contract is material for a company of Laser Powers scale and is likely to be viewed positively by investors because it signals entry into higher value technical segments of the transmission market. Beyond near term revenue and margin effects, the contract could strengthen Laser Powers credentials when bidding for future HTLS and reconductoring opportunities, both with central public sector utilities and with distribution and private sector customers upgrading congested corridors.

Sector context

India continues to expand and modernise its transmission network to accommodate growing demand and to integrate renewable energy capacity. Reconductoring existing lines with advanced conductors is an increasingly common strategy where new corridors are hard to obtain. Power Grid Corporation of India, as the central transmission utility, routinely awards specialized reconductoring packages as part of regional expansion schemes, which creates opportunities for manufacturers and EPC providers capable of meeting stringent testing and utility qualification requirements.

Next steps and execution risks

Laser Power will now move to mobilisation and detailed project planning, including procurement and coordination with Powergrid for outage windows, safety and regulatory clearances. Reconductoring projects carry execution risks such as weather disruption, right of way challenges, supply chain timing for conductors and accessories, and the logistical complexity of working along energized corridors. The companys prior experience in conductor manufacture and recent entry into underground EHV projects were cited as preparatory steps for meeting these demands.

For the transmission sector, this award is an example of how technology adoption and domestic manufacturing are combining to provide solutions that raise the capacity and flexibility of existing grid infrastructure, while giving specialised domestic suppliers a pathway to higher value work.