Arfin India Limited has informed the Exchange about Receiving of Master letter of Acceptance from Dakshin Gujarat Vij Company Limited

Govt Defence OrderBusiness Updates View source PDF Explain this filing

ARFIN · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+3.6%Reaction day

₹73.60

prior close

₹75.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+4.6%-1.0% vs market

Aluminium peers, median of 12sector+4.1%-0.5% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.5 pts less than its Aluminium 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

+0.4

10m

+0.3

15m

+0.5

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.6+4.6-1.0+4.1-0.5

Next day

+3.3+5.3-2.0+3.7-0.4

+4.1+6.4-2.4+4.8-0.7

+4.3+6.8-2.5+6.0-1.7

+17.9+11.3+6.6+6.9+11.0

+16.2+11.2+5.0+10.4+5.7

+26.4+13.5+12.9+11.9+14.5

15d

+29.9+19.3+10.6+18.5+11.4

+28.7+23.3+5.4+23.3+5.5

+20.1+23.8-3.7+27.3-7.2

+22.7+33.3-10.6+9.7+13.1

UpDownMarket · Nifty Microcap 250Sector · Aluminium peers, median of 12Pending

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

AI summary

Arfin India Limited has received a Master Letter of Acceptance from Dakshin Gujarat Vij Company Limited, a Government of Gujarat undertaking, for the supply of AAAC (All Aluminium Alloy Conductor) Conductors. The order is for an aggregate quantity of 20,400 KM valued at approximately ₹85.59 Crores (inclusive of GST). The supplies will be executed on a monthly basis over a seven-month period from May 2026 to November 2026. The order value is subject to variation as per prevailing market rates during the execution period. The order is domestic in nature and is not a related party transaction.

Likely market impact

This is a sizeable government-sector order that provides strong revenue visibility for the company's near-term operations and signals continued demand from state power distribution utilities. For shareholders, it reinforces the order book position of Arfin India, though execution and price variation clauses introduce some risk to the final realized value.