Om Power Transmission Limited is an EPC (Engineering, Procurement and Construction) company focused on power transmission infrastructure. It executes transmission lines (11 kV–400 kV), substations (up to 220 kV), underground cabling, and O&M services. The company earns revenue through turnkey EPC contracts where it handles design, procurement, construction, testing, and maintenance for government and private clients.

The company serves power utilities like GETCO and state electricity boards, renewable energy players like KP Energy Limited, industrial clients, and infrastructure projects such as Bullet Train (NHSRCL). Operations are mainly project-site based rather than manufacturing facilities, supported by vendors supplying towers, conductors, and cables primarily from Gujarat.

Its product portfolio includes transmission EPC, substation EPC, underground cabling, and O&M services. Transmission contributes 44.78% revenue, underground cabling 25.89%, and substations & others ~29%. Order book stands at ₹74,460.27 lakhs across 58 projects, mainly EPC, ensuring strong execution visibility driven by ongoing and awarded projects.

The company has expanded geographically from Gujarat to Rajasthan, Punjab, and UT regions. It plans growth through higher working capital deployment (₹5,500 lakhs from IPO proceeds) and scaling project execution. No major merger noted, but expansion is focused on increasing order inflow and execution capacity.

The company employs a skilled workforce including engineers, technicians, and contract labour, though exact employee count is not specified. It works with banks and NBFCs for working capital funding, with ₹2,739.32 lakhs fund-based and ₹12,704.26 lakhs non-fund-based facilities.

Employee & Bankers
Dec 31, 2025, the company had 1,164, full time employees. The Banker to the Company is HDFC Bank Limited.

Management & Growth Vision

The company is led by promoters Kalpesh Patel, Kanubhai Patel, and Vasantkumar Patel, who are actively involved in strategy, execution, and expansion. Their vision is to scale operations beyond Gujarat and become a strong EPC player in transmission infrastructure.

Management focuses on:

• Increasing order book and execution capacity
• Expanding into new states and renewable-linked projects
• Strengthening technical capabilities and timely delivery

For funding expansion, the company relies on:

• IPO proceeds (₹5,500 lakhs for working capital)
• Bank/NBFC funding
• Internal accruals

Long-term goal is to benefit from India’s power infrastructure growth and renewable energy integration, positioning itself as a mid-sized scalable EPC player.

Industry Overview

The company operates in the power transmission EPC industry, a key part of India’s infrastructure sector.

• India’s power demand is growing due to urbanization, industrialization, and electrification
• Government initiatives like RDSS, Green Energy Corridor, One Nation One Grid are driving investments

Industry Size & Growth

• India power sector is expected to see strong capex from 2022–2027
• Transmission & distribution infrastructure is expanding rapidly with renewable integration
• EPC sector growth is supported by large government spending and private participation

Growth Rate

• Power demand expected to grow steadily (~5–7% annually)
• EPC segment growing faster due to execution demand and infrastructure push

Market Structure

• Large players: PSUs and infra giants
• Mid players: OPTL, Rajesh Power, Viviana Power Tech

Globally, power infrastructure investment is increasing due to energy transition, making this a long-term growth industry.

Key Risk Factors

1. High Dependence on Promoters
   The company heavily relies on promoters for strategy and execution. Any departure may disrupt operations and impact growth continuity due to lack of immediate replacements.
2. Intense Industry Competition
   The EPC sector is highly competitive with L1 pricing pressure. Large and regional players compete aggressively, impacting margins and order wins.
3. Execution Risk in Projects
   Delays in project execution due to approvals, logistics, or manpower issues can impact revenue recognition and profitability significantly.
4. Working Capital Intensive Business
   EPC projects require high working capital. Increasing working capital needs (₹14,984.78 lakhs recently) can strain liquidity and increase borrowing.
5. Dependence on Government Contracts
   Major clients include government utilities. Any delay in payments or policy changes can impact cash flow and business stability.
6. Raw Material and Vendor Dependency
   Dependence on third-party suppliers for towers, cables, etc. exposes the company to price fluctuations and supply chain disruptions.
7. Internal Control and Compliance Risks
   Weakness in internal controls can impact financial reporting accuracy and investor confidence, affecting stock performance.

Key Strengths & Opportunities

1. Strong Order Book Visibility
   Order book of ₹74,460.27 lakhs across 58 projects provides strong revenue visibility and future growth assurance through ongoing and awarded projects.
2. Diverse EPC Portfolio
   Presence across transmission, substations, underground cabling, and O&M reduces dependency on a single segment and ensures diversified revenue streams.
3. Execution Capability & Track Record
   Completed 1,000+ CKM transmission lines and multiple substations, demonstrating strong execution ability in high-voltage projects.
4. Strong Client Base
   Works with GETCO, renewable companies, industrial clients, and infrastructure projects, ensuring credibility and repeat business opportunities.
5. Growing Industry Opportunity
   India’s focus on renewable energy, grid expansion, and electrification creates strong demand for EPC services, benefiting the company.
6. Geographical Expansion Strategy
   Expansion into Rajasthan, Punjab, and new regions opens new revenue streams and reduces regional concentration risk.
7. Operational Efficiency & Quality Focus
   ISO certifications and structured execution processes ensure quality delivery, safety compliance, and timely project completion, improving client trust and margins.