NSEPress Release7 Oct 2026 · 7 Oct 2026, 10:12 am
Press Release
Swastika Infra Limited · SWASTIKAIN
✦ AI Summary▲ PositiveOrder Win
Swastika Infra Limited has secured a ₹615.76 crore order from MSEDCL for the development of distribution infrastructure and system strengthening works at Bhandup Zone, Maharashtra, marking its entry into the state and increasing its unexecuted order book to ₹1,400 crores.
Analysis Scores
Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment9/10
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Full Announcement
Swastika Infra Limited has informed the Exchange regarding a press release dated October 07, 2026, titled "'Climbing the Value Curve: Secures Single Order of ₹615.76 Crore from MSEDCL .".
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07th October, 2026
To To
Sr. General Manager Sr. General Manager
Listing Department Listing Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G
Dalal Street Bandra Kurla Complex
Mumbai – 400 001 Bandra (E), Mumbai – 400 051
Scrip code: 544949 Scrip symbol: SWASTIKAIN
Dear Sir/Madam,
Sub.: Update under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Ref.: Swastika Infra Limited
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Part
A of Schedule III, we are pleased to enclose herewith the Press Release titled ‘Climbing the Value Curve: Secures Single
Order of ₹615.76 Crore from MSEDCL’.
The above information will also be made available on the Company's website at https://swastikainfra.com/
You are requested to take the above information on record.
Thanking you,
Yours faithfully,
For Swastika Infra Limited
Shipra Gandhi
Company Secretary and
Compliance Officer
Membership No.: A68405
Address: Plot no.14 &15, First Floor, Gajraj Apartment
Motilal Atal Road, Opposite Hotel Neelam, Jaipur – 302 001
Rajasthan, India
Climbing the Value Curve: Secures Single Order of ₹615.76 Crore from MSEDCL
ADB-funded project in Bhandup Zone of Mumbai is ~1.2x FY26 revenue, marks entry into Maharashtra and lifts
unexecuted order book to ~ ₹1,400 crores
Jaipur, October 07, 2026: Swastika Infra Limited (BSE: 544949 | NSE: SWASTIKAIN) (“Swastika Infra” or the
“Company”), one of the leading EPC player in the Power Transmission & Distribution (T&D) and Renewable sector,
has secured a Letter of Award (LOA) worth approximately ₹615.76 crore from Maharashtra State Electricity Distribution
Company Limited (MSEDCL) for the Development of Distribution Infrastructure & System Strengthening works at
Bhandup Zone, Maharashtra.
This is the largest single order in Swastika Infra’s history – a landmark win equivalent to approximately 1.2 times the
Company’s FY26 revenue of ₹504 crores, providing substantial execution visibility by materially strengthening its order
pipeline post equity fund raise of ~ Rs. 130 crores in its recently concluded IPO. Following this win, the Company’s
unexecuted order book stands at ~ ₹1,400 crores with presence across 9 states, creating a stronger platform for sustained
revenue growth and geographical expansion.
Scope of Project
The scope covers the development of new substations, HT/LT lines and distribution transformers, augmentation of
existing infrastructure, underground cabling, renovation works, GIS mapping, asset tagging and other allied works.
A Strategic Inflection Point
Swastika independently participated in and was awarded this tender on the basis of its own financial and technical
qualifications, built over 15 years of execution and successful work completion.
As the largest single order in the Company’s history, this ₹615.76 crore win significantly strengthens Swastika Infra’s
credentials for larger and more complex projects, reinforcing its ambition to move decisively up the project value curve.
Importantly, the Company has doubled its unexecuted order book from ₹687 crores in March to ~ ₹1,400 crores in
October 2026, underscoring the rapid scale-up of its business.
Unlocking a Larger Opportunity Pool
This order marks further expansion of Swastika Infra’s geographical footprint and strengthening its position as a multi-
state power infrastructure EPC player with operations across 9 states.
Maharashtra is among India’s leading power-consuming states and, consequently, attracts high investment in the Power
T&D sector. Entry into the state is therefore of strategic significance for the Company, both for its long-term growth and
for building its credentials in a large, investment-intensive Power T&D ecosystem.
ADB Backing: A Stand-Out Feature
The project is funded by the Asian Development Bank (ADB) and is aligned with the Company’s core philosophy of
focusing on projects funded by multilateral development agencies.
About Swastika Infra Limited
Headquartered in Jaipur, Rajasthan, Swastika Infra Limited is a Power T&D EPC company providing end-to-end turnkey
solutions across substations, underground cabling, transmission and distribution lines, electrification and allied
infrastructure. With a presence across 9 states, the Company undertakes projects across the complete execution lifecycle,
with a significant focus on projects funded by multilateral institutions
Disclaimer
Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking
statements are subject to certain risks and uncertainties like government actions, local, political or economic
developments, technological risks, and many other factors that could cause actual results to differ materially from those
contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any
action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements
to reflect subsequent events or circumstances.