Aarvi Encon Limited has informed the Exchange about Awarding of order(s)/contract(s)
AARVI · price
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Aarvi Encon Limited has been awarded a 3-year work order (June 2025 to June 2028), extendable by mutual consent, to supply over 300 technical personnel on an outsourcing basis to a leading Indian windmill blade manufacturer. The client name is confidential due to a non-disclosure agreement. The contract is open-ended in value, with billing based on actual manpower deployed. The client is a domestic private entity and the contract is not a related party transaction. This marks Aarvi Encon's first engagement in the windmill manufacturing sector, and management sees significant expansion potential ahead.
This contract diversifies Aarvi Encon into the renewable energy (windmill) manufacturing space, opening a new revenue vertical. Since the value is open-ended and tied to actual deployment, the stock price impact depends on how quickly the 300-personnel target is ramped up. Watch for deployment updates in upcoming quarters to gauge real revenue contribution.