Monte Carlo Fashions bags 35 MW solar power project from MPUVNL

Government or 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

₹725.00

prior close

₹738.80

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.5%-2.4% vs market

Garments & Apparels peers, median of 36sector-1.1%-1.9% vs sector

On the reaction day the stock moved 2.4 pts less than Nifty Microcap 250 and 1.9 pts less than its Garments & Apparels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Next day

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

AI summary

Monte Carlo Fashions received multiple Letters of Award from Madhya Pradesh Urja Vikas Nigam (MPUVNL) for setting up 35 MW (AC) solar PV power plants under the PM KUSUM-C Surya Mitra scheme. EPC cost is about 147 Crore including GST. Execution period 18 months followed by 25 year tariff-based power purchase agreement. Project is in one district of Madhya Pradesh. No related party interest.

Likely market impact

Marks entry into solar power business beyond core fashion segment. Order value around 147 Crore can lift revenue. Long term PPA provides income visibility.