POWERGRID awards contracts worth 72.77 cr for HTLS conductors

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LASERPOWER · price

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

+2.4%Reaction day

₹261.00

prior close

₹267.55

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.0%+2.4% vs market

On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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AI summary

Laser Power and Infra has secured contracts worth 72.77 crores from Power Grid Corporation of India Limited for two 132kV transmission line projects in the North Eastern Region. The award covers supply of High Temperature Low Sag (HTLS) conductors worth about 58.92 crores and services worth about 13.85 crores for reconductoring and installation. Total line length is around 163 km. Execution is to be completed within 12 months. The company has called this its first commercial order for HTLS conductors.

Likely market impact

New PSU order expands order book and marks entry into the HTLS conductors segment, a positive growth signal for the company.