Announced Fri, 18 Sept · 10:36 IST
DMR Engineering wins Rs 70 Cr LoA for Arunachal hydro project
Price
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Price reaction · full curve 14 horizons · vs prior close
+18.4%1-day move
₹28.48
prior close
₹30.00
base price
In-mkt
timing
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+4.3+4.3+4.3+4.4+18.4—————————
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AI summary
DMR Engineering, as lead member of a JV with Shri Balaji Hydro Construction, received a Letter of Award worth Rs 70 crore (ex-GST) from Arun Shakti Energy. Work involves building a coffer dam and barrage for the 24.60 MW Kamlang Small Hydro Electric Project in Lohit, Arunachal Pradesh. DMR holds 51 percent in the JV. Contract tenure is 780 days.
Likely market impact
Adds Rs 70 Cr to order book; strengthens revenue visibility over 780 days from hydro EPC segment.