Announced Thu, 13 Aug · 12:21 IST
Gets Rs 18.71 crore Odisha borewell order
SOUTHWEST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.4%1-day move
₹220.09
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+0.4+3.6+0.5-1.9-1.9—————
Up moveDown movePending
AI summary
Received an LOI from Odisha Lift Irrigation Corporation, a Government of Odisha undertaking, to install, electrify, energise and commission 500 deep borewells in Odisha. The order is worth about Rs 18.71 crore including GST, is to be completed in 180 days, and requires a 2% security deposit within 7 days. The guarantee period is 18 months from completion and commissioning. Promoter and group companies have no stated interest in OLIC.
Likely market impact
The order may support future revenue, but execution is due within 180 days and its size relative to company revenue is not disclosed.