Subsidiary Shivam Pipes bags Rs 7.55 cr order from BSNL

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

-3.0%Reaction day

₹51.25

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.7%-2.3% vs market

Gems, Jewellery And Watches peers, median of 30sector-0.5%-2.5% vs sector

On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 2.5 pts less than its Gems, Jewellery And Watches 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 · Gems, Jewellery And Watches peers, median of 30Pending

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AI summary

KD Green Industries (formerly Manbro Industries) said its 51 percent subsidiary Shivam Pipe Industries won an order worth about Rs 7.55 crore from BSNL for Galvanized Steel Tubular Poles. The order is under Bharat Net Phase-III NER-1 Package and was awarded through a contractor. Shivam Pipes supplies under brand Xtech and is already a registered vendor with BSNL and multiple electricity utilities in North Eastern states.

Likely market impact

Small positive: 51 percent subsidiary adds Rs 7.55 cr revenue from BSNL under Bharat Net Phase-III, supports order book growth.