EPC company bags a new order worth Rs 39,63,00,000 from National Aluminium Company Limited (NALCO)
The stock is up by 22 per cent from its 52-week low of Rs 145.05 per share.
Konstelec Engineers Limited has secured a contract valued at Rs. 39.63 crores (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 in nature, specifically for electrical works, and is scheduled to be completed within 12 months from the date of the Letter of Acceptance (LOA), issued on October 14, 2024.
Earlier, the company received an order for instrumentation works worth Rs 12.58 Crores (Basic Price) from National Aluminium Company Limited (NALCO). The contract, awarded by a domestic entity, is for instrumentation works that are scheduled to be completed within a year from the date of the Letter of Acceptance, issued on September 16, 2024.
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.
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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 Monday, shares of Konstelec Engineers Ltd gained 0.43 per cent to Rs 174 per share from its previous closing of Rs 173.25 per share with an intraday high of Rs 177.95 and an intraday low of Rs 172.60. The stock is up by 22 per cent from its 52-week low of Rs 145.05 per share. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.