Pace Digitek bags Rs 89 Cr advance order from RailTel
PACEDIGITK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.9 pts more than Nifty Microcap 250 and 3.6 pts more than its Telecom - Infrastructure peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Pace Digitek received an Advance Letter of Award worth Rs 890.69 Million (about Rs 89 Crore) including GST from RailTel Corporation of India. Work covers supply, installation and commissioning of IP based video surveillance in LHB railway coaches, with 3 years warranty and 5 years CAMC. To be completed within 8 months on back to back basis. No promoter group interest in the awarding entity.
Positive order win from a government PSU; Rs 89 Cr adds near term revenue visibility. Watch execution and margin disclosure.