Announced Sat, 11 Jul · 13:38 IST
KD Green subsidiary Shivam Pipes wins ₹4.40 cr order from MePDCL
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
-2.2%1-day move
₹50.21
prior close
₹50.46
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—+1.8——-2.2+0.4+1.3+1.0+0.6+2.1————
Up moveDown movePending
AI summary
Shivam Pipe Industries, 51 percent subsidiary of KD Green Industries (formerly Manbro), has secured orders worth about ₹4.40 crores for Galvanized Steel Tubular Electric Poles from Meghalaya Power Distribution Corporation (MePDCL). The order is under the Revamped Distribution Sector Scheme (RDSS) with immediate delivery. Shivam Pipes is already a registered vendor with multiple utilities in North Eastern states under the brand Xtech.
Likely market impact
Modest sized order but adds revenue visibility for subsidiary under government-backed RDSS scheme, supporting near-term delivery and order book.