Electrical Works EPC company bags a new order worth Rs 80,84,00,000 from Numaligarh Refinery Limited

The stock is up by 9.30 per cent from its 52-week low of Rs 111 per share.

Konstelec Engineers Limited announced that it has 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.

Earlier, the company secured a contract valued at Rs 39.63 crore (base price) from National Aluminium Company Limited (NALCO) for electrical works. This project will be carried out at the Alumina Refinery and M&R Complex in Damanjodi, Odisha, as well as the Visakhapatnam Port Facilities area. The contract is domestic, specifically for electrical works and is scheduled to be completed within 12 months.

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 263 crore and debtor days have improved from 132 to 90.1 days. The company's working capital requirements have been reduced from 171 days to 125 days

On Wednesday, shares of Konstelec Engineers Ltd hit a 5 per cent upper circuit to Rs 121.25 per share from its previous closing of Rs 115.80 per share. The stock is up by 9.30 per cent from its 52-week low of Rs 111 per share. Investors should keep an eye on this stock.

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