Electrical Works EPC Company Bags a New Order Worth Rs 25,00,00,000 from Ajmer Vidyut Vitran Nigam Ltd
The stock is up by 43 per cent from its 52-week low of Rs 59.50 per share.
Konstelec Engineers Limited has secured a new work order valued at Rs 25 crore (inclusive of all taxes and duties, including GST) from Ajmer Vidyut Vitran Nigam Limited, a domestic entity. This project entails the execution of distribution infrastructure work for the segregation of 11 KV mixed feeders within the Rajsamand Circle of Ajmer Discom in Rajasthan. The company is scheduled to complete this work within an 18-month timeframe from the issuance of the Letter of Intent, which was dated April 24, 2025.
Earlier, the company secured an order valued at Rs 80.84 crore (Basic Price) for Electrical Works from Numaligarh Refinery Limited (CIN: U11202AS1993GOI003893), a domestic entity. The order has been awarded as per the proposed contract agreement between the two parties. The project is scheduled to be completed within 18 months.
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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 125 crore. On Friday, shares of Konstelec Engineers Ltd hit a 2 per cent upper circuit to Rs 84.85 per share from its previous closing of Rs 83.20 per share. The stock is up by 43 per cent from its 52-week low of Rs 59.50 per share. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.