Aarvi Encon Limited has informed the Exchange about Awarding of order(s)/contract(s)
AARVI · price
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Awaiting price reaction for this filing.
Aarvi Encon Limited has secured a work contract worth Rs. 22.53 crore (inclusive of GST) from a leading multinational EPC company for providing manpower on an outsourcing basis across project sites and offices in India. The contract is effective from June 3, 2025, for a duration of two years ending June 4, 2027. The client name has been kept confidential due to a non-disclosure agreement. The transaction is with a domestic entity, is not a related-party deal, and has no promoter or group company interest involved.
This is a new long-duration (two-year) contract that adds to the company's order book and provides revenue visibility. The undisclosed client identity may create some uncertainty for investors, but the multi-year nature and association with a major multinational EPC firm are positive indicators for steady business.