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Repono Limited has signed a three-year manpower services agreement with Deepak Phenolics Limited (DPL) to support tank farm operations at DPL's Dahej facility — one of India's largest integrated chemical complexes. The deal is worth ₹3 Cr in FY 2025-26 with a 7% annual price escalation, taking the total contract value to approximately ₹9.64 Cr over three years, running until July 31, 2028. Work covers skilled, semi-skilled, and unskilled manpower for tanker loading/unloading, warehousing support, and allied operational services. This marks Repono's expansion into the chemical logistics vertical, building on its existing oil and petrochemical warehousing business. For context, Repono reported FY25 revenue of ₹51.12 Cr, EBITDA of ₹8.13 Cr, and PAT of ₹5.15 Cr, making this single contract worth roughly 6% of annual revenue.
This is a modest but meaningful contract win that diversifies Repono's revenue base into the chemical sector and adds revenue visibility for three years. While ₹3 Cr in the first year is small relative to total revenue, the multi-year nature and annual escalation provide steady cash flow and validation of the company's push into adjacent verticals. Short-term stock reaction is likely to be muted given the size, but it strengthens the growth narrative.