LOI from GEDA for solar rooftop systems at Gujarat govt buildings worth Rs 10.65 cr

Govt Defence OrderBusiness Updates View source PDF Explain this filing

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

-1.8%Reaction day

₹174.20

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Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-2.1% vs market

Other Financial Services peers, median of 88sector-0.0%-1.8% vs sector

On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 1.8 pts less than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Other Financial Services peers, median of 88Pending

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

AI summary

Jhaveri Credits & Capital received a Letter of Intent from Gujarat Energy Development Agency (GEDA) valued at Rs 10.65 crore. Scope covers supply, installation, commissioning and 10-year maintenance of solar rooftop systems at government buildings in Gujarat for 2026-27. Execution timeline is 120 days. Order is domestic, one-time, with no promoter or related party interest.

Likely market impact

Positive - new government order worth Rs 10.65 crore boosts revenue visibility; execution in 120 days.