Announced Fri, 17 Jul · 13:28 IST
Laser Power & Infra gets first LoI worth 4.15 cr from HPSEBL for HTLS conductors
LASERPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+4.2%1-day move
₹264.37
prior close
₹288.66
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0—+4.2+7.4+4.7+5.2+16.3—————
Up moveDown movePending
AI summary
Laser Power & Infra received its first Letter of Intent from Himachal Pradesh State Electricity Board for supply and installation of HTLS conductors under a turnkey reconductoring project in Nalagarh, HP. Order value is about 4.15 crore. This is the company's first commercial deployment under its TS Conductor USA partnership, using AECC technology made in India. Possibly India's first commercial AECC project.
Likely market impact
Small initial order but a strategic milestone: first commercial validation of TS Conductor partnership and AECC technology. Builds credibility for the 18 pending bids.