Receipt of an Order by WPIL''s South African Subsidiary

Export Order Hard CurrencyBusiness Updates View source PDF

WPIL · price

Loading chart…

▲ 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

+8.6%1-day move

₹427.30

prior close

₹445.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-1.1-0.6-2.1-1.6+8.6+2.5+1.5-0.6+7.4+3.5-1.2+10.0+6.5—

Up moveDown movePending

AI summary

WPIL's South African subsidiary PCI Africa has received a major order as part of a consortium for the Lower Umkhomazi Bulk Water Supply Scheme Phase 2. The project involves construction of water works and is awarded by UMNGENI-UTHUKELA WATER. The total project value is approximately 7.583 billion South African Rand (Rs. 4,405 crore), with PCI Africa's share being approximately 2.017 billion Rand (Rs. 1,172 crore). The construction will take 36 months to complete. The order is not a related party transaction.

Likely market impact

This is a significant order worth over Rs. 1,100 crore for the subsidiary, representing international expansion in water infrastructure. The order denominated in South African Rand provides hard currency revenue exposure for WPIL group.