Intimation regarding receipt of order from Rajasthan Rajya Vidyut Prasaran Nigam Limited
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.4 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Josts Engineering Company Ltd, in a 50:50 joint venture with Kay Cee Energy & Infra Limited, has received a Letter of Award from Rajasthan Rajya Vidyut Prasaran Nigam Limited, a state government-owned power transmission entity. The turnkey contract involves construction of 35 nos. 33 KV RDSS Bays along with 8 nos. 33 KV Bus Extension at various Grid Sub-Stations under three Transmission & Construction circles. Total contract value is Rs. 16.01 crore (inclusive of GST), meaning Jost's effective share is around Rs. 8 crore. The project must be completed within 10 months from the date of letter of acceptance.
This is a fresh order from a state-owned PSU that adds to the company's order book and provides near-term revenue visibility over the next 10 months. For a small company, an ~Rs. 8 crore share in a government-backed turnkey contract is a positive, low-credit-risk addition, though the magnitude relative to overall revenue will determine any meaningful stock reaction.