SYNOPSIS:
Lakshya Powertech secured three orders worth Rs. 92 crore, including Rs. 4.35 crore from Gmmco, Rs. 8.24 crore from ONGC, and Rs. 79.06 crore from Asian Energy Services for EPC and maintenance projects.
Shares of a company providing Engineering, Procurement, Construction, and Commissioning (EPCC) services along with integrated Operation & Maintenance solutions hit a 20 percent upper circuit on NSE, after securing three work orders worth a total of nearly Rs. 92 crores from different entities, including Oil and Natural Gas Corporation Limited (ONGC).
With a market cap of Rs. 131 crores, shares of Lakshya Powertech Limited hit a 20 percent upper circuit at Rs. 129.6 on NSE, compared to its previous closing price of Rs. 108. The stock hit its 52-week high at Rs. 372.5 on 20th December 2024, and is trading at a discount of around 65 percent from its current price levels.
What’s the News
According to the latest regulatory filings with the NSE, Lakshya Powertech Limited has received three work orders totalling nearly Rs. 92 crores from different entities for varied projects.
The first order, valued at around Rs. 4.35 crore and awarded by Gmmco Limited, involves mechanical works for Sify T6 – BOP – 01 (7×3000 KVA DG sets) – Data Centre, to be completed within three months.
The second order, worth Rs. 8.24 crore, has been received from Oil and Natural Gas Corporation Limited (ONGC) for the hiring of operation and maintenance services at GCP, CTF Complex, and GCPGGS North Gandhar, Area 4, Ankleshwar, with an execution period of 36 months.
The third and largest order, valued at Rs. 79.06 crore, has been awarded by Asian Energy Services Limited for EPC work related to oil and gas surface facilities, pipelines, and a natural gas compression system, to be executed within five months.
Financials & More
Lakshya Powertech reported a significant growth in its revenue from operations, showing a year-on-year increase of around 7 percent from Rs. 87 crores in H2 FY24 to Rs. 93 crores in H2 FY25. In contrast, its net profit decreased during the same period from Rs. 10 crores to Rs. 8 crores, representing a decline of nearly 20 percent YoY.
As of May 2025, Lakshya Powertech reported a total order book exceeding Rs. 110 crore. The execution timeline for these projects ranges from 2 to 12 months. The company’s major clients include Powerica Ltd, AESL, and Hoerbiger India Pvt. Ltd. The key project types comprise DG sets, fuel systems, and EPC projects.
Lakshya Powertech Limited is engaged in the business of providing consultancy, expert services, advice, designs, drawings in relation to supervision and control of energy and power projects in India and outside India, and to undertake energy-related projects involving heating, ventilation, air-conditioning, diesel generator sets, gas generators, based power plants & packaging, gas compressors and oil & gas projects.
Written by Shivani Singh
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