Likhitha Infrastructure Limited has informed the Exchange about Awarding of order(s)/contract(s)

Order Above 5pct RevenueBusiness Updates View source PDF

LIKHITHA · price

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Price reaction · full curve 14 horizons · vs prior close

-2.1%1-day move

₹195.70

prior close

₹187.00

base price

After-mkt

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AI summary

Likhitha Infrastructure Limited has received a major order worth Rs. 121.04 Crores (including GST) from Oil India Limited, a government-owned oil company. The order is for Coating Refurbishment and Associated Works for Pipeline Rehabilitation Project Phase-II across two spreads in Assam. Spread 1 is valued at Rs. 65.41 Crores and Spread 2 at Rs. 55.63 Crores. The project has a duration of 3 years. The company confirmed that no promoter or group companies have any interest in Oil India Limited, and the order is not a related party transaction.

Likely market impact

This is a significant contract win worth over Rs. 121 crores, providing revenue visibility for the next 3 years. Given the substantial size relative to the company's annual revenue, this should be positive for the stock and demonstrates continued business development in the pipeline services segment.