Power Company Bags New Orders Worth Rs 11,16,92,042 From Powerica Ltd

The shares of the company have an ROE of 80 per cent and an ROCE of 55 per cent.

Lakshya Powertech Limited has secured a domestic order from Powerica Limited for the supply and installation of materials for 8 x 2250 KVA DG sets, with an estimated execution period of 6-8 months and a broad consideration of Rs 11,16,92,042 excluding taxes.

About the Company

Lakshya is a leading provider of Engineering, Procurement, Construction, and Commissioning (EPCC) services for the Oil and Gas, Power, Industrial, and Renewable Energy sectors. In addition to EPCC, we offer comprehensive Integrated Operation and Maintenance Services to ensure the sustained efficiency and longevity of our clients' installations.

Its capabilities extend to Fabrication and Manufacturing of a wide range of engineering and process equipment, complemented by specialised services such as testing & commissioning, overhauls, refurbishing/retrofitting, and Trading operations. This comprehensive suite of services enables us to deliver optimal performance across multi-disciplinary and multi-sector projects.

The company is a micro-cap with a market cap of Rs 190 crore and debtor days have improved from 113 to 82.9 days. The shares of the company have an ROE of 80 per cent and an ROCE of 55 per cent. Investors should keep an eye on this power stock.

Disclaimer: The article is for informational purposes only and not investment advice.