RKEC Projects Limited has informed the Exchange about Bagging/Receiving of orders/contracts
RKEC · price
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Awaiting price reaction for this filing.
RKEC Projects Limited has received a Letter of Intent from Hindustan Shipyard Limited (HSL), a government-owned shipyard under the Ministry of Defence, for a contract valued at Rs. 86.86 crores (including GST). The scope of work involves demolition of superstructure, execution of cast-in-situ piles, ground improvement, and refurbishment and upgradation of the outfitting jetty, crane track, and related services at HSL. The contract is to be executed over 30 months from the effective date. The order is a domestic BOQ (Bill of Quantities) contract awarded in the normal course of business, with no related party interests involved. This is a clarification filing responding to an NSE query, confirming details of the order that was first intimated on May 14, 2025.
This is a sizeable defence-sector order for RKEC Projects, likely to boost its order book and provide revenue visibility over the next 2.5 years. The order from a government PSU adds credibility and reduces counterparty risk, and is likely to be viewed positively by investors.