An Indian penny stock specializing in providing electrical infrastructure and engineering services for various kinds of manufacturing industries has hit an upper circuit of 2 percent after bragging an order worth Rs. 9.17 Crores from Indian Oil Corporation Limited at Vallur, Tamil Nadu
Price movement:
With a market capitalization of Rs. 109.55 crores, at 11.30 a.m., the shares of Konstelec Engineers Ltd hit a 2 percent upper circuit of Rs.74 from the previous trading day closing of Rs.72.55.
What’s the News:
Konstelec Engineers Limited has received an order worth Rs. 9.17 crores from Indian Oil Corporation Limited at Vallur, Tamil Nadu, the contract is for Works relating to the Design/Engineering, Supply, Erection/Installation, Testing and Commissioning of 33/6.9 Kv, 6 Mva Onan Indoor Substation at Vallur Station (Tamilnadu) Under Cccpl Project. The work is scheduled to be completed within a period of 8 months.
About the company:
Incorporated in 1989, Konstelec Engineers Ltd is in the business of electrical and EPC contracts the company executes contracts for installing, testing, commissioning, and maintaining electrical and electromechanical equipment for manufacturing industries the companies services find applications across several processing and various kinds of manufacturing industries such as oil & gas, refinery, steel, cement, pharmaceuticals, textile, hospital, health care, and commercial complexes, domestically and internationally.
Financials:
Its revenue from operations has decreased by 9.6 percent from Rs.93 crores in H1FY24 to Rs.84 in H1FY25. The net profits have remained the same at RS 3 crores during the same period.
Written by Likesh Babu S
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