Subsidiary executes concession agreement for MMLP Varanasi project worth Rs 91.60 Cr

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

-1.4%Reaction day

₹785.70

prior close

₹775.25

announcement price

In-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-1.6%+0.3% vs market

Civil Construction peers, median of 96sector-0.9%-0.5% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.5 pts less than its Civil Construction 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

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 96Pending

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

AI summary

Wholly owned subsidiary Fourwrd MMLP Varanasi Private Limited has executed a concession agreement with Varanasi MMLP Limited to develop, operate and maintain a Multi Modal Logistics Park in Uttar Pradesh under Public Private Partnership on DBFOT basis. Project value is Rs 91.60 Crore excluding GST. Construction period is 1 year and concession period is 45 years from appointed date.

Likely market impact

Adds a long-tenure concession project worth Rs 91.60 Cr to the order book, modest near-term contribution but extends revenue visibility.