Likhitha Infrastructure bags international pipeline order worth about Rs 510 Cr

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LIKHITHA · price

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₹259.95

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₹270.48

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AI summary

Likhitha Infrastructure has received an international order worth about Rs 510 Crores (USD 54 million) from China Petroleum Engineering and Construction Corporation-Abu Dhabi for construction of Pipeline Package-1 (ASAB). The order is to be executed over 21 months as per the LOA. It is an international contract and not a related party transaction. This marks a major overseas win for the company in the Middle East oil and gas pipeline space.

Likely market impact

Significant international order win in foreign currency, likely to materially boost revenue and order book over the next 21 months.