Received land allotment for solar cell manufacturing project in Chhattisgarh

Business Updates View source PDF Explain this filing

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+2.8%Reaction day

₹33.00

prior close

₹34.48

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+4.2%-1.3% vs market

Residential, Commercial Projects peers, median of 56sector+3.3%-0.4% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 0.4 pts less than its Residential, Commercial Projects 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

Stock

+0.0

10m

-1.4

15m

-1.4

30m

-1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.8+4.2-1.3+3.3-0.4

Next day

+8.5+4.1+4.4+4.3+4.3

+13.7+6.3+7.4+5.0+8.8

+18.2+6.3+11.9+6.7+11.4

+20.9+9.0+11.9+6.5+14.4

+18.7+10.3+8.4+10.3+8.4

+15.2+10.9+4.2+8.4+6.7

15d

-13.8+13.8-27.7+6.2-20.0

-10.8+19.0-29.8+7.8-18.6

-27.9+16.1-44.0+7.4-35.3

-42.1+22.3-64.5+0.3-42.5

UpDownMarket · Nifty Microcap 250Sector · Residential, Commercial Projects peers, median of 56Pending

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

AI summary

RDB Infrastructure & Power, in consortium with Samvik Power Pvt Ltd, received a Notice of Award from Nava Raipur Atal Nagar Vikas Pradhikaran (a state government authority) for allotment of ~36.46 acres of industrial land at Nava Raipur, Raipur, Chhattisgarh, to set up a Solar Cell Manufacturing/Processing project. The total land premium is Rs. 36.90 crores at Rs. 2,501 per sq. mt. The land will be on a 90-year leasehold basis, with the lease agreement to be executed within 90 days.

Likely market impact

Marks RDB's entry into solar cell manufacturing. Land cost of ~Rs. 36.9 cr signals a new business vertical; long-term growth potential, but execution and capex risks remain.