Solarworld files Delhi HC petition against SJVN over project delays

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▲ 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

+4.1%Reaction day

₹219.00

prior close

₹223.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+2.6%+1.5% vs market

Civil Construction peers, median of 97sector+2.2%+1.8% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.8 pts more than its Civil Construction 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

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Sessions after the filingfrom the prior close

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Reaction day

+4.1+2.6+1.5+2.2+1.8

Next day

+5.3+3.6+1.7+2.9+2.4

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 97Pending

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

AI summary

Solarworld filed a Section 9 petition in Delhi High Court against SJVN Green Energy and HDFC Bank over its 260 MW and 100 MW projects for SGEL. SGEL delayed the projects by failing its contractual obligations and had suspended work till December 2025. The company seeks relief from extending performance bank guarantees and wants release of retention money. 100 MW exposure: about 3 crore bank guarantee, 22.6 crore claims. 260 MW: 10.75 crore guarantee, 56 crore claims.

Likely market impact

Outcome impacts project cash flows, bank guarantee exposure, and recovery of retention money from SGEL.