Swastika Infra shares emerged as one of the circuit-to-circuit stocks during Wednesday's trading session, hitting the 5% upper circuit amid muted trends on Dalal Street. According to reports from Live Mint, the infrastructure company's shares opened with an upside gap at ₹209.80 apiece on the NSE and reached an intraday high of ₹210.13 apiece. The stock came close to its 52-week high of ₹220.50, achieved on October 1, 2026, demonstrating strong investor confidence following the major order announcement.
The green infrastructure company informed Indian exchanges about receiving a ₹615.76 crore order from Maharashtra State Electricity Distribution Company Limited (MSEDCL). As reported by Live Mint, Swastika Infra Limited secured a Letter of Award for Development of Distribution Infrastructure & System Strengthening works at Bhandup Zone, Maharashtra. This represents the largest single order in Swastika Infra's history, equivalent to approximately 1.2 times the Company's FY26 revenue of ₹504 crores, providing substantial execution visibility and materially strengthening its order pipeline.
Following this landmark win, Swastika Infra's unexecuted order book stands at approximately ₹1,400 crores, with presence across 9 states, creating a stronger platform for sustained revenue growth and geographical expansion. According to the exchange filing, the company has materially strengthened its order pipeline post equity fund raise of ₹130 crores in its recently concluded IPO. This order marks further expansion of the company's geographical footprint and strengthens its position as a multistate power infrastructure EPC player.
Maharashtra represents one of India's leading power-consuming states and attracts high investment in the Power T&D sector, making entry into the state of strategic significance for the company's long-term growth and building credentials in a large, investment-intensive Power T&D ecosystem. As reported by Live Mint, this order provides the company with substantial execution visibility and positions it well for future growth opportunities in the power transmission and distribution sector.
