Laser Power & Infra Gets ₹44 Crore Letter Of Intent From CESC For EPC Projects

Market snapshot: Laser Power & Infra Limited has received a Letter of Intent (LOI) from CESC Limited for executing Engineering, Procurement, and Construction (EPC) projects. The contract is valued at ₹44 crore and targets works at the Kabitirtha Distribution Station. This regulatory intimation highlights the company's steady order pipeline and expansion in utility infrastructure segments.

Data Snapshot

• The Engineering, Procurement, and Construction (EPC) contract received from CESC Limited is valued at ₹44 crore.
• A provisional Letter of Intent has been secured from WBIDC for the allotment of approximately 40 acres of land in Kharagpur for setting up a manufacturing facility.
• The turnkey reconductoring project secured from the Himachal Pradesh State Electricity Board is valued at approximately ₹4.15 crore.

What's Changed

• The contract adds ₹44 crore in fresh revenue visibility to Laser Power & Infra's EPC order book.
• The order follows a prior ₹4.15 crore turnkey reconductoring contract secured from HPSEBL in July 2026, pointing to accelerating utility orders.
• Provisional land allotment of 40 acres in Vidyasagar Industrial Park, West Bengal, has been set on a long-term lease basis of 99 years for capacity scaling.

Key Takeaways

• Laser Power & Infra has bagged a ₹44 crore Letter of Intent from CESC Limited for EPC projects.
• The works will be executed specifically at the Kabitirtha Distribution Station.
• This order enhances the company's visibility as an integrated player spanning manufacturing and EPC execution.
• Provisional land acquisition of 40 acres positions the firm to boost its internal supply chain and capacity for integrated power cables and conductors.

SAHI Perspective

Laser Power & Infra's newly listed status since July 2026 has been followed by steady operational wins. The ₹44 crore LOI from CESC Limited confirms strong demand for the company's EPC services from private power utilities. Simultaneously, obtaining in-principle approval for a 40-acre manufacturing site in West Bengal shows a coordinated plan to build downstream manufacturing capacity. This integration should enable Laser Power & Infra to internally source cables and conductors for its own EPC projects, potentially improving execution margins.

Market Implications

The development confirms Laser Power & Infra's growth momentum in eastern India's power utility space. Strong relationship retention with major private distribution clients like CESC supports revenue predictability. Over the medium term, this constant influx of contracts is expected to boost top-line performance.

Trading Signals

Market Bias: Bullish

Securing a ₹44 crore order from CESC Limited alongside the provisional 40-acre land allotment provides solid revenue and capacity scaling visibility for the medium term.

Overweight: Power Infrastructure, Cables & Electrical Equipment

Trigger Factors:

• Execution progress and revenue recognition timelines for the ₹44 crore CESC order.
• Signing of the final lease deed for the 40-acre Vidyasagar Industrial Park plot.
• Margin trends in upcoming Q2 FY2027 earnings reports.

Time Horizon: Medium-term (3-12 months)

Industry Context

The Indian electrical cable and distribution infrastructure sector is expanding rapidly, backed by persistent state-level and commercial grid enhancements. EPC firms that operate integrated cable manufacturing setups, like Laser Power & Infra, benefit from lower turnaround times and reliable component availability, giving them a distinct bidding advantage over purely asset-light contractors.

Key Risks to Watch

• Commodity price volatility in key manufacturing raw materials like copper and aluminium.
• Potential delays in completing necessary regulatory formalities for the 99-year Kharagpur lease.
• Relatively high debtor days, which could constrain short-term working capital during peak execution phases.

Recent Developments

On September 29, 2026, the company secured a ₹44 crore EPC order from CESC Limited. This follows a provisional land allotment of approximately 40 acres at Vidyasagar Industrial Park, West Bengal, announced on September 24, 2026. Earlier on September 23, 2026, the board approved requests to reclassify two outgoing promoter group entities (Chaitak Sales and Dailmer Industries) holding 0% shareholding to public category, while the resignation of Company Secretary Debendra Banthiya was also recorded. On July 17, 2026, the company secured a turnkey contract worth ₹4.15 crore from HPSEBL, shortly after listing on the BSE and NSE on July 16, 2026, at a 25.7% premium over its issue price.

Closing Insight

Laser Power & Infra is successfully leveraging its integrated business model to secure successive utility and industrial mandates. Executing these orders efficiently while advancing its proposed Kharagpur facility will be vital to securing long-term capital appreciation.

High Performance Trading with SAHI.