SWASTIKAIN NSE filing

Swastika Infra Secures ₹615.76 Crore MSEDCL Order for Maharashtra Infrastructure Upgrade

The RealCase readHigh impact Positive

Swastika Infra Limited received a Letter of Award from MSEDCL for Distribution Infrastructure & System Strengthening works in Bhandup Zone, Maharashtra. The order value is ₹615.76 crore and has a 24-month execution period. The contract is with a domestic entity and does not involve related parties.

Why it matters

The order value of ₹615.76 crore is substantial and represents a significant new contract for the company, likely to have a material impact on its financial performance and future growth.

The market read

The company has been awarded a significant new order, which is a positive development for its business and revenue prospects.

Swastika Infra Limited has announced that it has received a Letter of Award (LOA) from Maharashtra State Electricity Distribution Company Limited (MSEDCL). The contract is for Distribution Infrastructure & System Strengthening works in the Bhandup Zone, Maharashtra.

The aggregate value of this order is ₹615.76 crore, inclusive of taxes. The scope of work involves survey, design, engineering, supply, installation, testing, and commissioning of distribution infrastructure and associated civil and electrical works. This is a domestic contract awarded by MSEDCL.

The execution period for this contract is 24 months from the date of the LOA. The company has confirmed that its promoters, promoter group, or group companies do not have any interest in MSEDCL, and the contract does not fall under related party transactions.

Filing to action

What to do with a filing like this

Swastika Infra Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.

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Primary source

A plain-language summary of a public exchange filing by Swastika Infra Limited. Read the original for the full detail.

View original filing