Powertech EPCC Stock Jumps Over 10 Per Cent After Bagging New Orders Worth Rs 6,46,08,608 From Powerica Ltd
The shares of the company have an ROE of 80 per cent and an ROCE of 55 per cent.
On Wednesday, shares of Lakshya Powertech Limited jumped 11.9 per cent to Rs 345.85 per share from its previous closing of Rs 309 per share.
Lakshya Powertech Limited has secured two significant orders from Powerica Limited, totalling Rs 6,46,08,608. The first order involves the supply, installation, testing, and commissioning of HSD bulk oil storage tanks with necessary support and accessories for the Nxtra Data Centre. This domestic contract has a value of Rs. 2,81,38,000 and requires completion within three months.
The second order entails the supply and installation of erection material for six 2250 KVA DG Sets at the same Nxtra Data Centre in Pune. This domestic contract, also awarded by Powerica Limited, has a value of Rs 3,64,70,608 (excluding taxes) and must be executed within three months. These orders demonstrate Lakshya Powertech Limited's continued success in securing and executing projects within the data centre and power infrastructure sectors.
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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. Our capabilities extend to Fabrication and Manufacturing of a wide range of engineering and process equipment, complemented by specialized services such as testing & commissioning, overhauls, refurbishing/retrofitting, and Trading operations. This comprehensive suite of services enables us to deliver optimal performance across multi-discipline and multi-sector projects.
The company is a micro-cap with a market cap of Rs 342 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.
Disclaimer: The article is for informational purposes only and not investment advice.