Systematic Industries bags Rs 82.42 Crore OPGW order from POWERGRID

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AI summary

Systematic Industries has secured a Rs 82.42 crore order from POWERGRID for supply and installation of Optical Ground Wire (OPGW) under the OPGW-06 package, covering multiple transmission lines across India via domestic competitive bidding. POWERGRID issued the award on Aug 24, 2026, signed Sep 9, 2026. OPGW cables protect transmission lines from lightning while carrying optical fibres for communication. The company views this as a milestone, expanding beyond its traditional wire business into new-age infrastructure.

Likely market impact

Strengthens revenue visibility in the growing OPGW segment. Signals capability expansion beyond core wire business. Generally positive for the stock.