DMR Engineering Limited has announced the receipt of a letter of award for a key Project Management Consultancy (PMC) role. The contract is for the 1500MW Tarali Pumped Storage Project in Maharashtra, awarded by Adani Renewable Energy One Limited. The agreement spans 8 years with an aggregate consideration of ₹1,66,00,000, inclusive of GST, signaling significant future revenue and operational engagement for the company.
DMR Engineering Awarded Major Project Management Contract
DMR Engineering Limited has officially received a letter of award for a substantial project management contract. The company will provide Project Management Consultancy (PMC) services for the development of the 1500MW Tarali Pumped Storage Project, situated in Maharashtra. This significant project has been awarded by Adani Renewable Energy One Limited, marking a key milestone for DMR Engineering.
Contract Details and Financials
The contract is set to run for a period of 8 years, underscoring a long-term engagement for DMR Engineering. The aggregate consideration for the services rendered under this contract amounts to Rs. 1,66,00,000 (Rupees One Crore Sixty-Six Lakh only), with this figure explicitly stated to be inclusive of Goods and Services Tax (GST). This award is expected to contribute positively to the company’s order book and future revenue streams.
Project Significance
The Tarali Pumped Storage Project represents a considerable undertaking in India’s renewable energy infrastructure. DMR Engineering’s appointment as the PMC for such a large-scale initiative highlights its capabilities and expertise in managing complex energy projects. The project’s location in Maharashtra positions it within a key industrial and energy development region of the country.
Source: BSE
