One of the power stocks engaged in providing Engineering, Procurement, Construction, and Commissioning (EPCC) services, along with Integrated Operation and Maintenance (O&M) services. The stock has skyrocketed 10.84 percent after receiving an order worth Rs. 45.68 crore from Asian Energy Services Limited.
Stock Price Movement
In Thursday’s trading session, Lakshya Powertech Limited’s share jumped to an intraday high of 10.84 percent from the previous close of Rs. 260.70. The stock opened at Rs. 264.50 and is currently trading at Rs. 287.50, with a high of Rs. 288.95 and a low of Rs. 260.50. The market capitalization now stands at approximately Rs. 289.91 crore.
What Happened
Lakshya Powertech Limited has received a significant work order worth Rs. 45.98 crore from Asian Energy Services Limited. The scope of the project includes design, engineering, supply, installation supervision, testing, and commissioning of three gas compressor packages and the associated Balance of Plant items.
The project is set to be completed within six months and highlights the company’s expertise in the EPCC segment. This achievement aligns with the government’s focus on natural gas, positioning the company to capitalize on emerging opportunities in the Rs. 500-600 crore sector.
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Services Offering
Lakshya Powertech specializes in EPCC, Integrated Operation & Maintenance, Specialty Services, and Spare Parts Trading. The company has completed over 138 projects with a total value of approximately Rs. 136.9 Crores. The company serves diverse public and private sector clients with proven expertise.
IPO details
Lakshya Powertech Limited’s IPO was held from October 16-18, 2024, with a price band of Rs. 171-Rs. 180 per share and an issue size of Rs. 49.91 crores.
Recent quarter results
Lakshya Powertech Limited’s revenue has increased from Rs. 64 crore in Q2 FY24 to Rs. 67 crore in Q2 FY25, which has grown by 4.69 percent. The net profit has also grown by 75 percent, from Rs. 4 crore in Q2 FY24 to Rs. 7 crore in Q2 FY25.
Written By – Nikhil Naik
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