Disclosure under Regulation 30 of SEBI (LODR) Regulation, 2015 regarding In Principal Approval Received From the State Government of Odisha for establishment of OSAT Unit.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 2.5 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Sancode Technologies' subsidiary, Sancode Semi Private Limited, has received in-principle approval from the High-Level Clearance Authority (HLCA) of the Odisha State Government to set up an OSAT (Outsourced Semiconductor Assembly and Test) unit in Khordha district, Odisha. The project involves a total capital expenditure of approximately ₹1,650 crore, to be spread over the implementation period. The approval is conditional on meeting standard compliance requirements and obtaining other statutory and regulatory clearances. This marks a major strategic move into the semiconductor manufacturing ecosystem, supported by Odisha's push to build domestic semiconductor infrastructure.
This is a large, transformative capex announcement that positions Sancode in the high-growth semiconductor space, but it also means significant funding needs ahead via equity dilution or debt. Near-term stock reaction may be positive on the semiconductor theme, though execution and approval risks remain until final clearances and ground-breaking occur.