Revised Intimation of Award of Purchase Order
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.9 pts more than Nifty Microcap 250 and 5.7 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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INDO SMC Limited has received purchase orders totaling approximately Rs. 33.52 crore from two domestic customers. From Asiatic Composite Limited, it received four POs worth Rs. 22.93 crore for FRP cable trays and accessories, to be supplied within 8 weeks. From Elite Techno Solution, it received a Rs. 10.59 crore order for SMC meter boxes, to be supplied within 12 weeks. Elite Techno Solution is a registered vendor for the Andhra Pradesh and Maharashtra state governments, suggesting the meter boxes may ultimately be deployed for state electricity distribution. Both orders are domestic, commercial in nature, and not related-party transactions.
These are sizable new orders that should boost near-term revenue for INDO SMC, a recently listed small-cap company. Positive for the stock in the short term, though execution within tight 8–12 week timelines will need to be tracked. No promoter conflict is involved.