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Swastika Infra Shares Hit 5 Percent Upper Circuit After Securing Rs 615 Crore Order
M
Moneycontrol•07-10-2026, 16:13
Swastika Infra Shares Hit 5 Percent Upper Circuit After Securing Rs 615 Crore Order
- •Swastika Infra shares hit the 5 percent upper circuit after receiving a Letter of Award from Maharashtra State Electricity Distribution Company Limited.
- •The aggregate order value is Rs 615.76 crore for Distribution Infrastructure and System Strengthening works in the Bhandup Zone of Maharashtra.
- •This is the company's largest single order, pushing its unexecuted order book to approximately Rs 1,400 crore across nine states.
- •The company recently concluded its IPO of Rs 161 crore, which was subscribed 7.6 times on the final day of bidding.
Key Questions Answered
Swastika Infra shares hit the 5 percent upper circuit after receiving a Letter of Award worth Rs 615.76 crore from MSEDCL for infrastructure works in Maharashtra's Bhandup Zone.
The aggregate order value of the Letter of Award received from MSEDCL is Rs 615.76 crore, representing the company's largest single order to date.
Swastika Infra shares were listed on September 30, debuting at Rs 200 per share—an 8.10 percent premium over the issue price of Rs 185.
