Laser Power & Infra

** Integrated power infrastructure company Laser Power & Infra LASP.NS shares rise as much as 3.64% to 277.5 rupees apiece

** Rise after LASP says it secured contracts aggregating to 727.6 million rupees (about $7.6 million) from Power Grid PGRD.NS

** Order for the supply of high temperature low sag (HTLS) conductors and the reconductoring of two existing transmission lines in the north eastern region of India

** Project to cover about 164 circuit kilometres of existing transmission corridors and is to be completed within 12 months

** "Order signs an entry for LASP into a specialised segment of transmission infrastructure," says Deepak Goel, chairman and managing director of LASP

** LASP, which was listed on July 16, is up 29% over its issue price of 214 rupees per share

($1 = 96.4200 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

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Oct 5 (Reuters) - Laser Power & Infra Ltd LASP.NS:

• SECURES 727.6 MILLION RUPEES ORDER

Further company coverage: LASP.NS

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Laser Power & Infra secured contracts worth ₹72.77 crore from Power Grid Corporation of India for reconductoring two 132kV transmission lines in the North Eastern Region. The package comprised a ₹58.92 crore goods contract for High Temperature Low Sag conductors and associated materials and a ₹13.85 crore services contract for installation and commissioning across about 163.7 circuit km, with execution due within 12 months. The company described the award as its first commercial order for the supply of HTLS conductors. The award followed a ₹4.15 crore turnkey AECC/HTLS reconductoring order from Himachal Pradesh State Electricity Board in July and a ₹44 crore underground transmission order from CESC in September. Laser Power operated cable and conductor facilities at Dhulagarh and Kharagpur under a technology partnership with TS Conductor Corp of the United States for advanced conductors. Revenue was ₹2,326 crore in the year to March, with cables and conductors contributing about ₹1,691 crore and engineering, procurement and construction about ₹635 crore.

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Aug 10 (Reuters) - Laser Power & Infra Ltd LASP.NS:

• JUNE-QUARTER CONSOL NET PROFIT 207.3 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 5.22 BILLION RUPEES

Source text: ID:nNSE3dNsw9

Further company coverage: LASP.NS

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** Laser Power & Infra LASP.NS jumps 22.7% to 262.5 rupees in trading debut, valuing co at 36.85 billion rupees ($382.59 million)

** Stock's opening price of 250 rupees is 16.8% higher than its issue price of 214 rupees

** Company's fundamentals remain strong, supported by 90% of the IPO proceeds being used for debt repayment and a healthy 32.43-billion-rupee order book, which provides good revenue visibility, says Shivani Nyati, Head of Wealth at Swastika Investmart

** Investors who received allotment can continue to hold the stock for the medium- to long-term, while fresh investors may consider accumulating on dips, she adds

** Trading volume at 26 million shares so far

($1 = 96.3175 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru)

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