RKEC Projects Limited has informed the Exchange about Awarding of order(s)/contract(s)
RKEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
RKEC Projects Limited has received a Letter of Intent from Hindustan Shipyard Limited (HSL), a Government of India defence undertaking, for the refurbishment and upgradation of outfitting jetty, crane track and related services at HSL's premises. The contract is valued at approximately Rs. 86.86 crores (including GST). HSL operates under the Ministry of Defence and is involved in building and repairing naval and commercial vessels. The order strengthens RKEC's order book in the defence/infrastructure segment.
This is a sizeable contract win from a reputed defence PSU, which should boost the company's revenue visibility and order book. Positive near-term sentiment for shareholders given the scale of the order relative to RKEC's size.