Electrical Works EPC Company Bags a New Order Worth Rs 16,33,00,000 from Indian Oil Corporation Ltd
The stock is up by 8 per cent from its 52-week low of Rs 59.50 per share.
Konstelec Engineers Limited has announced the receipt of a new work order valued at Rs 16.33 crore (inclusive of all levies and duties, but excluding GST) from Indian Oil Corporation Limited, Guwahati Refinery Division. This significant domestic contract is for Electrical & Instrumentation works for the CRU Project at the Guwahati Refinery. The project is expected to be completed within 11 months from the Notice of Award dated June 2, 2025, with an additional 2 months allocated for commissioning assistance.
Earlier, the company secured a work order valued at Rs 3.94 crore (inclusive of all taxes, duties, and other charges) from Pristine Limited, an international entity based in Cameroon (Unique Identification Number: M092116441668T, Registered office: BP 134, Tiko- Cameroon). The order entails the Supply, Installation, Testing, and Commissioning of electrical cables, fittings, and insulations for Pristine Limited's Beverage Plant project in Cameroon, with the project slated for completion by December 31, 2025, as per the proposed formal contract between the two companies.
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Konstelec Engineers Limited, founded in 1995, is a leading EPC contractor providing comprehensive engineering, procurement, construction and commissioning services across India and globally. With expertise in electrical installations, solar power plants, instrumentation, and automation, they have successfully executed over 200 projects for clients like Reliance Industries, JSW Steel, Indian Oil and many more, solidifying their position in the industry.
The company has a market cap of Rs 97 crore. On Wednesday, shares of Konstelec Engineers Ltd plunged 2.88 per cent to Rs 64.10 per share from its previous closing of Rs 66 per share. The stock is up by 8 per cent from its 52-week low of Rs 59.50 per share.
Disclaimer: The article is for informational purposes only and not investment advice.