NINL awards Rs 113.26 cr Area Grading contract to Modern Engineering

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

+20.1%Reaction day

₹22.80

prior close

₹25.00

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.2%+20.3% vs market

Civil Construction peers, median of 99sector-0.2%+20.3% vs sector

On the reaction day the stock moved 20.3 pts more than Nifty Microcap 250 and 20.3 pts more than its Civil Construction peers, 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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Reaction day

+20.1-0.2+20.3-0.2+20.3

Next day

+35.9-3.0+38.9-2.6+38.5

+21.1-2.7+23.8-2.3+23.3

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+27.2-1.0+28.2-0.4+27.6

+25.4-2.0+27.4-1.3+26.7

15d

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 99Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Modern Engineering and Projects has received a Letter of Award from Neelachal Ispat Nigam Limited (NINL) for Area Grading works at the NINL Expansion Project. The contract is valued at Rs 113.26 crores, net of GST, on an Item Rate basis. Execution period is six months from October 6, 2026. The order is from a domestic entity and is not a related party transaction.

Likely market impact

Adds Rs 113.26 cr to order book from a domestic steel sector client, with revenue recognition over six months.