Electrical Works EPC Company Bags a New Order Worth Rs 4,88,00,000 from Reliance Industries Ltd

. The stock is up by 40 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 4.88 crore (basic price) from the domestic entity Reliance Industries Limited, located in Jamnagar, Gujarat. The order entails the execution of electrical works, equipment installation, testing, and commissioning, with the project slated for completion by November 10, 2025, as per the work order and proposed contract agreement between the two companies.

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 126 crore. On Monday, shares of Konstelec Engineers Ltd hit a 2 per cent lower circuit to Rs 83.65 per share from its previous closing of Rs 85.35 per share. The stock is up by 40 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.