Swastika Infra Secures ₹615.76 Cr Order from MSEDCL

Swastika Infra Limited has announced securing a significant Letter of Award (LOA) worth approximately ₹615.76 crore from Maharashtra State Electricity Distribution Company Limited (MSEDCL). This order, for the Development of Distribution Infrastructure & System Strengthening works at Bhandup Zone, Mumbai, is the largest single order in the company's history. It is equivalent to about 1.2 times its FY26 revenue of ₹504 crore and significantly strengthens its order pipeline post its recent IPO. The unexecuted order book now stands at approximately ₹1,400 crore, with operations spanning 9 states. The project, funded by the Asian Development Bank (ADB), involves developing new substations, HT/LT lines, distribution transformers, and other allied works. This win marks Swastika Infra's entry into the Maharashtra market, a strategic move given the state's high power consumption and investment in the T&D sector.