This EPC contractor bags a new order worth Rs 28.50 crore from Arcelor Mittal Nippon Steel India Limited
The stock is up by 29 per cent from its 52-week low of Rs 145.05 per share.
Konstelec Engineers Limited has secured a Rs. 28.50 Crore contract from domestic entity Arcelor Mittal Nippon Steel India Limited (AMNS India Limited) for electrical and instrumentation work at their Surat, Gujarat facility. The contract, awarded under the terms outlined in the Letter of Intent, mandates Konstelec to complete the project within 18 months from the contract initiation date.
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 281.2 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 Friday, shares of Konstelec Engineers Ltd gained 2.25 per cent to Rs 186.20 per share from its previous closing of Rs 182.10 per share. The stock is up by 29 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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