Aarvi Encon Limited has informed the Exchange about Bagging/Receiving of orders/contracts
AARVI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Aarvi Encon Limited has received a work contract from Mahanagar Gas Limited, a domestic entity. The contract is for providing manpower services over a period of 2 years, effective from June 1, 2026 to May 31, 2028. The total contract value is INR 20,90,49,408 (approximately Rs 20.9 crore), excluding taxes. The company has confirmed that this is not a related party transaction and that no promoter or promoter group has any interest in Mahanagar Gas Limited. This contract will contribute to the company's manpower services revenue over the next two fiscal years.
This is a positive development as the Rs 20.9 crore contract provides revenue visibility for the next two years. The contract size could be material relative to the company's annual revenue, though this cannot be confirmed without the company's financial figures. The stock may see positive sentiment on this new business win.