Shares of Precision Electronics Limited rose nearly 5% after the company announced that it had received a surveillance systems order worth about Rs 37 crore from the Ministry of Home Affairs (MHA), Government of India.
The company said in a stock exchange filing that the contract covers the supply of surveillance systems and related accessories. Owing to confidentiality provisions and commercial sensitivity, it did not disclose details regarding the end user or specific project requirements.
The order, awarded by a domestic government entity, is expected to be executed during the current financial year 2026-27.
Precision Electronics said the contract does not involve any related-party transaction and that neither the promoters nor promoter group entities have any interest in the awarding authority.
With a market capitalisation of about Rs 217.42 crore, the company’s shares were trading at Rs 157, up 4.98% during the session.
The stock has gained around 4.18% over the past five trading sessions and about 5.18% over the last month. It has touched a 52-week high of Rs 266 and a 52-week low of Rs 107.
Government order adds to FY27 pipeline
The latest contract is expected to add to Precision Electronics’ order book in FY27 and strengthen its presence in the surveillance and security solutions market.
The company said the order reinforces its capabilities in executing technology and security projects for government agencies, potentially improving its positioning for future opportunities in surveillance, telecommunications and integrated security systems.
Government contracts typically involve stringent technical and quality requirements, making them strategically important for companies operating in the defence, security and surveillance ecosystem.
Company profile
Incorporated in May 1979, Precision Electronics operates in telecom infrastructure, system integration and the manufacturing and supply of high-end telecom equipment.
The company caters to customers across telecommunications, surveillance, security and technology infrastructure segments.
TL;DR:
Precision Electronics shares rose nearly 5% after the company secured a Rs 37 crore order from the Ministry of Home Affairs for the supply of surveillance systems and related accessories. The contract is slated for execution in FY27.
AI summary:
- Precision Electronics received a Rs 37 crore order from the Ministry of Home Affairs.
- The contract involves surveillance systems and related accessories.
- Execution is scheduled during FY27.
- Shares gained nearly 5% following the announcement.
- The order is expected to strengthen the company’s position in the security and surveillance segment.
