Systematic Industries shares gained 3.13% to close at ₹285 following the announcement of a significant new order from POWERGRID. The company secured an ₹82.42 crore contract for the supply, execution and erection of Optical Ground Wire (OPGW) under the OPGW-06 package. According to reports from Business Standard, the order was awarded through a domestic competitive bidding process and covers various transmission lines across India.
As reported by Business Standard, POWERGRID issued the Notifications of Award on 24 August 2026, which were signed on 9 September 2026. Under the contract, Systematic Industries will supply and install OPGW across transmission lines at pan-India locations. OPGW is a specialised cable that combines power transmission line protection with optical fibre-based communication and data transmission capabilities.
According to Business Standard, the company stated that the order strengthens its OPGW business and expands its capabilities beyond its traditional wire business into infrastructure solutions. Managing director Siddharth Agarwal indicated that the company expects OPGW to be an important area for future growth as it focuses on power transmission and digital connectivity. Founded in 2000, Systematic Industries manufactures steel wires and specialised wire solutions for the power and transmission, infrastructure, automobile, agriculture and telecommunications sectors.
On a standalone basis, Systematic Industries' net profit rose 4.17% to ₹11.73 crore on a 6.03% increase in net sales to ₹298.83 crore in H2FY26 over H2FY25, as reported by Business Standard. The company's product portfolio includes steel wires, aluminium-clad steel wires, optical fibre cables and OPGW solutions.
