Likhitha Infra wins Rs 510 Cr pipeline order from Abu Dhabi client

Order Above 5pct RevenueExport Order Hard CurrencyBusiness Updates View source PDF

LIKHITHA · price

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Price reaction · full curve 14 horizons · vs prior close

+3.1%1-day move

₹259.95

prior close

₹270.48

base price

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AI summary

Likhitha Infrastructure has bagged an order worth about Rs 510 Crore (USD 54 million) from China Petroleum Engineering and Construction Corporation Abu Dhabi. The order involves construction of Pipeline Package 1 (ASAB) to be executed over 21 months. It is an international contract and is not a related party transaction. No promoter group has any interest in the awarding entity.

Likely market impact

Large international order strengthens order book visibility and signals overseas expansion. Likely positive for stock sentiment in the near term.