Heavy Machine Manufacturer Bags New Order Worth Rs 60 Million From NCC Ltd For Its Ongoing Adani Power Project
The stock gave multibagger returns of 315 per cent in 1 year, 4,620 per cent in 5 years and a whopping 10,400 per cent in 10 years.
Trishakti Industries Limited has secured a significant contract from NCC Limited, a leading construction company in India. Under this agreement, Trishakti will supply advanced earth-moving heavy equipment valued at Rs 60 Million to support NCC's ongoing Adani Power Project. This domestic contract, awarded by a prominent Indian entity, underscores Trishakti's commitment to providing high-capacity equipment for large-scale infrastructure projects. The order, to be executed immediately, carries a 12-month duration and is expected to contribute positively to the Company's financial performance in the coming quarters.
Earlier, the company secured a significant contract from KEC International Ltd., valued at Rs 90 Million. This order involves the deployment of heavy machinery, including India's largest Manlifter, to support KEC's ongoing project at the Tata Steel plant. This domestic contract underscores Trishakti's commitment to providing high-capacity equipment for large-scale infrastructure projects and solidifies its position as a leading player in the infrastructure equipment hiring sector. This order from KEC International Ltd. is the largest in Trishakti Industries Limited's history. The company anticipates that this contract will have a positive impact on its financial performance in the coming quarters. The successful acquisition of this contract demonstrates the increasing trust that leading corporations place in Trishakti Industries Ltd. as a reliable partner for their infrastructure equipment needs.
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Trishakti Industries Limited provides infrastructure and oil & gas exploration services. The company engages in multiple business sectors including logistics and infrastructure, oil and gas, food-related items, and agency services. Trishakti Industries serves customers worldwide.
The company has a market cap of Rs 272 crore with a 3-year stock price CAGR of 200 per cent. The stock gave multibagger returns of 315 per cent in 1 year, 4,620 per cent in 5 years and a whopping 10,400 per cent in 10 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.