Swastika Infra wins ₹615.76 cr MSEDCL order for Bhandup distribution works

Order Above 5pct RevenueGovt Defence OrderBusiness Updates View source PDF Explain this filing

SWASTIKAIN · price

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Price reaction · full curve 14 horizons · vs prior close

+10.3%1-day move

₹200.05

prior close

₹210.13

base price

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AI summary

Swastika Infra Limited received a Letter of Award from Maharashtra State Electricity Distribution Company Limited for Distribution Infrastructure and System Strengthening works in Bhandup Zone, Maharashtra. The order is worth ₹615.76 crore including taxes, to be completed in 24 months. Scope includes survey, design, engineering, supply, installation, testing and commissioning of distribution infrastructure and civil and electrical works. Awarded by a domestic government entity, with no related party interest.

Likely market impact

Large order from state power utility strengthens order book and revenue visibility over the next two years; positive for the stock.