IUAC is an autonomous institute under the University Grants Commission and the Ministry of Education, Government of India.
The company stated that the delivery of all transformers will be completed by the next financial year, aligning with GETCO’s network upgrade timeline.
The total design length of the project is 11.268 km, covering the stretch from Design Km 21.000 to Design Km 32.268.
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The project has been awarded under the Tariff Based Competitive Bidding mechanism.
The two companies plan to explore associations with multi-lateral funding agencies and other financing avenues for future urban projects.
The combined solution aims to help hotels improve pricing, distribution and operational efficiency, especially in competitive hospitality markets.
The purchase has been placed on a kilometre rate basis with a PV formula, ensuring price variation adjustments through the execution period.
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As per the details disclosed by the company, issue price has been fixed at ₹1,835.55 per share, determined by an independent valuer.
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