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Trishakti Industries has received a contract from Reliance Industries Limited to deploy hydraulic truck-mounted cranes and skilled manpower at one of Reliance's renewable energy projects. To execute the order, the company is making a fresh capital expenditure of about ₹5.50 crores (inclusive of taxes) on new hydraulic truck-mounted cranes. The contract value itself is upwards of ₹2.60 crores (inclusive of taxes), with a 12-month-plus duration starting by September 20, 2025. The order is domestic and there is no related-party connection. With this purchase, total capex in FY 2025-26 has reached roughly ₹48 crores, reflecting an aggressive build-out in the equipment rental business.
This is a positive development — Reliance as a marquee client boosts credibility, while the ongoing capex signals management's confidence in future revenue growth. Short-term impact on stock may be modest given the relatively small order size, but it strengthens the company's order book and growth visibility.