Silgo gets 48.5 MW solar order under PMKUSUM scheme

Govt Defence OrderBusiness Updates View source PDF Explain this filing

SILGO · price

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₹65.82

prior close

₹69.11

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Nifty Microcap 250market · in no size index; the smallest one is used+0.5%+4.5% vs market

Gems Jewellery And Watches peers, median of 25sector+0.8%+4.2% vs sector

On the reaction day the stock moved 4.5 pts more than Nifty Microcap 250 and 4.2 pts more than its Gems Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Gems Jewellery And Watches peers, median of 25Pending

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AI summary

Silgo Retail won a Letter of Award from Jodhpur Vidyut Vitran Nigam for 25 solar sites totaling 48.5 MW under PMKUSUM Component A. The work covers design, supply, installation, commissioning and 25-year operation and maintenance, with execution planned in FY2026-27. The project needs about Rs 172 crore including GST. Tariffs are Rs 3.03 per unit for one site and Rs 2.60 for 24 sites.

Likely market impact

The award adds a long-term solar power business, but the Rs 172 crore capital need may weigh on cash flow and execution.