During Thursday’s trading session, the price of an Infrastructure Developers & Operators company engaged in the business in the business of Civil and Defence Construction surged up, hitting an upper circuit of 5 percent after securing orders worth 86 crores from Hindustan Shipyard Limited
The shares of RKEC Projects Ltd, with a market capitalization of Rs. 186.81 crores on Thursday. Its shares are trading at a CMP of Rs 77.87, against the previous closing price of Rs 74.17. The stock has hit a 5 percent upper circuit. The stock has given Good returns of 15.74 percent in the past week.
What’s the News
RKEC Projects Ltd has received a significant Letter of Intent from Hindustan Shipyard Limited (HSL) for a major infrastructure contract. The awarded project involves the refurbishment and upgradation of the outfitting jetty, crane track, and associated services at HSL. The total contract value stands at Rs 86.86 crore, inclusive of GST, marking a substantial addition to RKEC’s order book.
This contract strengthens RKEC Projects’ presence in the marine infrastructure sector and demonstrates the company’s continued trust and partnership with key government entities like HSL. The project is expected to enhance operational capabilities at the shipyard, aligning with modernization efforts and boosting RKEC’s execution portfolio in high-value engineering projects.
About the company
RKEC Projects Ltd is an Indian infrastructure construction company specializing in civil engineering projects across various sectors. Established in 2005, RKEC has expanded its operations across multiple states, including Andhra Pradesh, Tamil Nadu, Gujarat, Odisha, Rajasthan, Maharashtra, Kerala, Uttar Pradesh, and Manipur. The company is renowned for its expertise in constructing bridges, ports, dams, highways, roads, oil and gas pipelines, airports, and other complex infrastructure projects. RKEC has completed numerous projects for esteemed clients such as the Defence sector, Indian Railways, Adani Ports, Vedanta Ltd, IVRCL Limited, Rashtriya Ispat Nigam Limited, and ESSAR.
The company’s revenue from operations has surged by 54 percent from Rs. 77.53 Crores in Q2FY25 to Rs. 119.48 Crores in Q3 of FY25, whereas the net profits of the company have grown by 120.2 percent from Rs. 3.75 crores in Q2FY2025 to Rs. 8.26 Crores in Q3FY2025.
Written By Likesh Babu S
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