L-1 bidder for 6.71 Cr rooftop solar project from SAIL

Govt Defence OrderBusiness Updates View source PDF Explain this filing

PROSTARM · price

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

-3.3%Reaction day

₹155.62

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-2.7%-0.6% vs market

Other Electrical Equipment peers, median of 45sector-3.8%+0.5% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.5 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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

AI summary

Prostarm Info Systems has been declared the L-1 (lowest) bidder by Steel Authority of India Ltd (SAIL) for a 2 MW rooftop solar PV system at SAIL's Burnpur Plant in West Bengal. The contract is worth INR 6.71 crore and covers supply, installation and commissioning over 12 months. It is a domestic order and not a related party transaction, with no promoter interest in SAIL.

Likely market impact

Adds INR 6.71 Cr to order pipeline from a central government PSU; supports revenue visibility over the next 12 months.