Systematic Industries Ltd shares jump 2.03% as secures landmark POWERGRID OPGW order.
Why did Systematic Industries Ltd shares jump today?
Shares of Systematic Industries Ltd saw a notable increase today, rising 2.03% to trade at ₹281.95 as of Thursday, 12:03 PM. This positive movement in the stock price is directly linked to a significant announcement made by the company. The market responded well to the news that Systematic Industries has secured a major order from Power Grid Corporation of India Ltd. (POWERGRID), a leading central transmission utility in the country.
The core of the news is a landmark contract worth ₹82.42 crore awarded to Systematic Industries for the supply and installation of Optical Ground Wire (OPGW) across various transmission lines in India. This package, designated as OPGW-06, was secured through a competitive domestic bidding process. The company will provide both the specialized cables and the installation services for this pan-India project. The official notifications for this award were issued in late August and signed in early September, formalizing the deal.
This contract is substantial for Systematic Industries, providing a clear and sizable revenue stream for the coming period. OPGW is a crucial technology that combines traditional power line grounding with high-speed optical fiber communications, making it vital for modern grid infrastructure. Winning such a package from a prestigious client like POWERGRID not only boosts the company's order book but also reinforces its credibility and expertise in the energy transmission sector, which likely fueled investor optimism and the share price jump.
What does Systematic Industries Ltd do?
Systematic Industries Limited is engaged in the supply and installation of Optical Ground Wire (OPGW) for power transmission infrastructure. The company was awarded a domestic contract through a competitive bidding process for the supply, execution, and erection of OPGW across various transmission lines in India.
The contract, valued at ₹82.42 crore, was awarded by the Power Grid Corporation of India Limited. The project involves the supply of goods and the provision of services for the installation of OPGW under the OPGW-06 package at multiple locations throughout the country.
Systematic Industries Ltd Financials
In CroresSystematic Industries Ltd demonstrated growth in its financials from March 2025 to March 2026, with revenue increasing from ₹281.83 Crores to ₹298.83 Crores and profit rising from ₹11.26 Crores to ₹11.73 Crores. This upward trend in both revenue and profit reflects a positive year-over-year performance improvement.
Systematic Industries Ltd Shareholding Pattern
Promoter holding stands at 73.42% of the total share capital. Foreign Institutional Investors (FIIs) hold 1.02% stake in the company, while Domestic Institutional Investors (DIIs) hold 8.97%. Public shareholders hold the remaining 16.6% stake in Systematic Industries Ltd.
Systematic Industries Ltd FAQs
Q: Why did Systematic shares jump 2.03% today?
Systematic Industries Limited secures landmark Order from "POWERGRID" for supply & installation of "OPGW".. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Systematic Industries Ltd?
As per the latest data, promoters hold 73.42% stake in Systematic Industries Ltd, while FII holding stands at 1.02%. Domestic institutional investors hold 8.97%, and public shareholders account for 16.6% of the equity.
Q: What is the current stock price of Systematic Industries Ltd?
Systematic Industries Ltd shares are currently trading at ₹281.95, recording a gain of 2.03% from the previous close.
Q: What is the market capitalization of Systematic Industries Ltd?
The company currently has a market capitalization of ₹629.63 crore, reflecting its valuation in the Indian equity market.