Haryana regulator grants electricity licence to consortium

Regulatory Product ApprovalBusiness Updates View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-2.7%Reaction day

₹1675.80

prior close

₹1667.40

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.0%-1.6% vs market

Other Electrical Equipment peers, median of 50sector-1.7%-1.0% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 1.0 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.7

10m

-0.9

15m

-0.7

30m

-1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.7-1.0-1.6-1.7-1.0

Next day

-6.3-3.3-3.0-4.4-1.9

-4.6-2.9-1.6-4.3-0.3

-0.0-1.3+1.2-2.3+2.3

+0.7pendingpending-2.3+3.0

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UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 50Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The Haryana Electricity Regulatory Commission granted an electricity distribution licence to a consortium led by Eleven Power Private Limited, in which Advait is a participating member. The licence covers the Gurugram and Nuh areas of Haryana, subject to specified terms. Advait will support the consortium with power-sector and renewable-energy product solutions. The filing gives no licence value, revenue share, timing or expected financial impact.

Likely market impact

The licence may support growth in Haryana's power distribution market, but no revenue, contract value or earnings impact was disclosed.