JD Cables Limited has announced the receipt of an additional work order valued at ₹163 crores from Kaushal Engineering Limited, marking a significant expansion of their ongoing highway construction project. The order, disclosed on January 19, 2026, represents a continuation of the company's involvement in the National Highway Development Programme Phase V.

Project Details and Scope

The additional order brings the total project value to ₹407 crores, combining with the previous ₹244 crore order received on December 23, 2025. The comprehensive project encompasses construction of balance highway works including VUP (Vehicle Under Pass), bridges and electrical works for the six-laning of NH-2.

Financial and Timeline Specifications

The total revenue generation from this additional work order amounts to ₹162.88 crores (₹1,62,87,92,282), inclusive of applicable GST. The project timeline has been set for completion within 9 months from the order date.

Regulatory Compliance and Corporate Structure

The disclosure was made under Regulation 30 of SEBI (LODR) Regulations 2015, ensuring transparency for stakeholders. The company confirmed that this order represents a domestic contract with no related party transactions involved. Key compliance aspects include:

• No promoter or group company interest in the awarding entity
• Arms-length transaction with no related party implications
• Full regulatory disclosure as per SEBI circular requirements

The order reinforces JD Cables Limited's position in the infrastructure development sector, particularly in highway construction and electrical works. The project's strategic location along the Bihar-Jharkhand border and its inclusion under NHDP Phase V highlights the company's capability to handle significant infrastructure projects. Managing Director Piyush Garodia emphasized the importance of stakeholder support in ensuring successful project execution and viewed the order as recognition of the team's dedication and expertise.

JD Cables Limited has secured an additional EPC (Engineering, Procurement and Construction) infrastructure contract valued at ₹162.88 crores from Kaushal Engineering Limited, as disclosed under Regulation 30 of SEBI LODR Regulations on January 19, 2026. This latest contract award comes in continuation of a previous ₹244 crore order received on December 23, 2025, bringing the total aggregate order value to ₹407 crores.

Contract Details and Scope

The project encompasses construction of balance civil and electrical works under a National Highway Development Project in Jharkhand state. The comprehensive scope includes highway works, VUP (Vehicle Under Pass), bridges, and electrical works for the six-laning of the Bihar-Jharkhand Border section from Chordaha to Gorhar on NH-2, spanning from Km 249.525 to Km 320.810.

The contract value of ₹162.88 crores includes applicable GST at 18%, approved Change of Scope (COS), price escalation, and all other applicable taxes, duties, labour cess and royalty on materials on a back-to-back basis as per the main contract.

Management Perspective

Managing Director Piyush Garodia emphasized that this additional order demonstrates Kaushal Engineering Limited's confidence in the company's execution capabilities. He stated that KEL has been impressed with their precision, quality, technical expertise and pace of execution in ongoing works, leading to this fresh order award. The management remains committed to delivering timely execution with uncompromising quality and compliance.

GM (Projects) Abhradeep Mallick highlighted the company's preparation for this expanded scope, noting the recruitment of additional engineers and strengthening of the project team. Following proper survey and detailed execution planning, the company has decided to proceed with dedicated resources to ensure the project runs parallel to existing works while maintaining delivery timelines and quality standards.

Company Background

JD Cables Limited operates as a manufacturer of wires, cables and conductors, producing a comprehensive range including power cables, control cables, aerial bunched cables, single-core service wires, and various aluminium conductors (AAC, AAAC, ACSR) used in power transmission and distribution networks. The company maintains ISO 9001:2015 certification and compliance with multiple Indian Standards, serving as an approved vendor for various State Electricity Boards across eastern and central Indian states.

Strategic Significance

This contract represents a significant milestone in JD Cables Limited's infrastructure execution journey, marking their expansion beyond traditional cable manufacturing into EPC infrastructure projects. The successful execution of this highway development project could potentially open additional opportunities in the infrastructure sector, diversifying the company's revenue streams and establishing credentials in large-scale civil and electrical works.