GBL bags Rs 51.33 crore EPC order from Reliance Industries

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

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prior close

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Nifty Microcap 250market · in no size index; the smallest one is used+2.6%+4.6% vs market

Oil peers, median of 15sector · industry level+0.2%+7.0% vs sector

On the reaction day the stock moved 4.6 pts more than Nifty Microcap 250 and 7.0 pts more than its Oil peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Ganesh Benzoplast has won an EPC order worth Rs 51.33 crore from Reliance Industries for mechanical package work at the Carbon Fiber Project in Hazira. Scope covers plant piping, erection of prefabricated structure, and equipment erection. The domestic order is to be executed over about 11 months from commencement. It is not a related party transaction and promoters have no interest in RIL.

Likely market impact

Positive order inflow from a reputed client. Adds revenue visibility for about 11 months. Not a related party deal, reducing governance concern.