EPC company bags a new order worth Rs 12,58,00,000 from National Aluminium Company Limited (NALCO)
The stock is up by 25 per cent from its 52-week low of Rs 145.05 per share.
Konstelec Engineers Limited anticipates receiving 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. The specific terms and conditions of the order will be detailed in the proposed contract agreement between Nalco and Konstelec.
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 272 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 Tuesday, shares of Konstelec Engineers Ltd gained 1.04 per cent to Rs 180 per share from its previous closing of Rs 178.15 per share with an intraday high of Rs 187.45 and an intraday low of Rs 175.10. The stock is up by 25 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.
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