Rs 800 Crore Order Book: Penny Stock Under Rs 100: Micro Cap Company Revises It's Recent Order of Rs 9.17 Crore

Total order book stands at Rs 800 crores, with Rs 485 crores unexecuted. Rs 385 crores have been executed over the past 12 to 16 months.

Konstelec Engineers Limited announced on April 14, 2025, a revised intimation regarding a new work order. This order, originally announced on April 12, 2025, was received from Indian Oil Corporation Limited. The work order is valued at Rs 9.17 Crores (Basic Price). The company clarified that the initial announcement had incorrectly stated the date of the Letter of Acceptance (LOA) as April 12, 2024, and the correct date is April 12, 2025.

The work order pertains to a contract for Design/Engineering, Supply, Erection/Installation, Testing, and Commissioning of a 33/6.9 Kv, 6 Mva Onan Indoor Substation. This project will be located at Vallur Station in Tamilnadu, and it falls under the Cccpl Project. Konstelec Engineers Limited is expected to complete the work within a period of 8 (Eight) months from the date of the Letter of Acceptance (LOA), which is April 12, 2025. The announcement also confirms that neither the Promoter, Promoter group, nor group companies have any interest in Indian Oil Corporation Limited.

Incorporated in 1989, Konstelec Engineers Ltd is in the business of electrical and EPC contracts. KEPL executes contracts for installing, testing, commissioning, and maintaining electrical and electromechanical equipment for industries such as oil, gas, refineries, space, petrochemicals, chemicals, cement, and textiles. It is an integrated EPC company for Electrical, Instrumentation and Automation systems which provides full scale project management, procurement support, and detailed engineering services for electrical infrastructure projects.

As of December 31, 2024, the company has an unaggregated order book of approximately Rs 483 crores. Total order book stands at Rs 800 crores, with Rs 485 crores unexecuted. Rs 385 crores have been executed over the past 12 to 16 months. The expected timeline for executing the unexecuted orders is approximately 18 to 24 months. The company is experiencing some delays in project execution due to external factors, including land concerns from the government.

Investors may keep this micro-cap stock on their radar.

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