Swastika Infra Limited announced it has secured a Letter of Award worth approximately ₹615.76 crore from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for development of distribution infrastructure and system strengthening works in the Bhandup Zone, Maharashtra, the company informed exchanges on Wednesday, October 7, 2026.
Following the exchange filing, Swastika Infra's shares surged, hitting the 5% upper circuit during intraday trading on the NSE. The stock opened at ₹209.80 and climbed to an intraday high of ₹210.13, nearing its 52-week high of ₹220.50 recorded on October 1, 2026. The order marks a significant contract win for the company, which specializes in power transmission and distribution as well as renewable energy EPC projects.
This order is one of the largest in the power transmission and distribution sector this year, reflecting growing investments in infrastructure upgrades by state utilities like MSEDCL. Swastika Infra's focus on strengthening distribution networks aligns with broader efforts to enhance power reliability and capacity in Maharashtra, a key market for energy infrastructure development.
Swastika Infra's stock performance on October 7, 2026, illustrates investor confidence following the contract announcement, with the share price reaching near its yearly peak. The company’s execution of this ₹615.76 crore project will be closely watched as a benchmark for its operational capabilities in the power sector.
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