Swastika Infra Secures Single Order of ₹615.76 Crore from MSEDCL, Stock Hits Upper circuit

 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) 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.

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.