Subsidiary NOPL gets Rs 2,941 cr IREDA loan for 969 MW solar project

New Credit FacilityCredit & Debt View source PDF Explain this filing

VIKRAN · price

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Price reactionminutes from the announcement price · days from the prior close

+11.2%Reaction day

₹55.80

prior close

₹59.47

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+11.0% vs market

Civil Construction peers, median of 97sector+0.1%+11.1% vs sector

On the reaction day the stock moved 11.0 pts more than Nifty Microcap 250 and 11.1 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

Stock

+4.0

10m

+4.9

15m

+5.4

30m

+4.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+11.2+0.2+11.0+0.1+11.1

Next day

+7.9+0.9+7.0+0.6+7.2

+5.9-0.8+6.7-0.0+5.9

+6.7-0.1+6.8-0.0+6.7

+3.3-1.7+5.0-1.2+4.4

-1.1-4.3+3.2-4.2+3.1

-5.9-7.5+1.6-7.5+1.6

15d

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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

Wholly-owned subsidiary NOPL Solar Projects has secured a rupee term loan of up to Rs 2,941.19 crore from IREDA to develop a 969 MWac / 1,163 MWp solar power project under the MSKVY 2.0 scheme in Maharashtra, with total project cost around Rs 4,201.70 crore. This finalises financing for the Rs 3,517.98 crore EPC contract already awarded to Vikran Engineering. A corporate guarantee by Vikran is proposed but not yet executed, so no direct liability is created on the listed entity at present.

Likely market impact

Locks in financing for a major EPC order, de-risking execution and revenue recognition from the Rs 3,517.98 crore solar project.