Announced Tue, 21 Jul · 10:47 IST
Batliboi EEG Division wins Rs 52 crore contract from SAEL Industries
Business Updates View source PDF
BATLIBOI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+7.7%1-day move
₹81.69
prior close
₹85.99
base price
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AI summary
Batliboi Ltd's Environmental Engineering Division (EEG) has secured a Rs 52 crore contract from SAEL Industries to design, supply, install and commission a PEX pollution control system for SAEL's upcoming 6GW solar cell manufacturing facility at Jewar, Uttar Pradesh. The project is expected to be commissioned in 6-8 months. This marks Batliboi's entry into the solar manufacturing supply chain and follows a similar order previously executed for Adani Mundra Solar Ltd.
Likely market impact
Positive: sizeable new order, revenue visibility for next 6-8 months, and strategic entry into fast-growing solar manufacturing segment.