Synopsis: Hyderabad-based oil and gas pipeline infrastructure company Likhitha Infrastructure Limited has secured an international order worth approximately Rs.510 crore (USD 54 million) from China Petroleum Engineering and Construction Corporation Abu Dhabi, for the construction of Pipeline Package-1 (ASAB), to be executed over 21 months.
India’s gas pipeline experts are venturing out of their home market in greater numbers, with a Hyderabad-based infrastructure player securing a major cross-country pipeline contract from the Middle East energy hub.
With a market capitalization of Rs. 1,063 crore, the shares of Likhitha Infrastructure Limited were trading at Rs.270 per share, hits 5 % upper circuit, and it is trading at a P/E of approximately 27x.
Order Update
Likhitha Infrastructure Limited received an order worth approx Rs.510 crore (USD 5,40,00,000) from China Petroleum Engineering and Construction Corporation (CPECC) – Abu Dhabi dated June 26, 2026.
The contract is for the Construction of Pipeline Package-1 (ASAB) and is an international project to be executed over a period of 21 months from the effective date of the Letter of Acceptance (LOA). The order does not involve any related party transaction and no entity belonging to the promoter group has any interest in the awarding entity.
The win is significant in terms of geography, marking Likhitha’s entry into the Abu Dhabi energy market via a tier-1 international EPC contractor. The company’s order book as of March 2026 is over Rs.850 crore with this contract, but this new win would push the pipeline significantly higher.
Financial Snapshot & Business Overview
Likhitha Infrastructure Limited is an oil and gas pipeline infrastructure services company based in Hyderabad, incorporated in 1998 and listed on BSE and NSE in 2020. The company has four business segments, namely City Gas Distribution (CGD) projects, Cross Country Pipeline (CCP) projects, Operation & Maintenance (O&M) services and Tankage construction. The company has a pan-India presence in 20 states and 2 Union Territories. Its clients include IOCL, GAIL, ONGC, and other big OMCS.
Annual total revenue for FY26 stood at Rs 457 crore against Rs 520 crore in FY25, the company said. EBITDA was Rs.57 crore in FY26 against Rs.96 crore in FY25 with EBITDA margin at 12% against 18% a year ago. Net profit declined to Rs.39 crore in FY26 from Rs.69 crore in FY25 and PAT margins declined to 9.94% from 17.57%.
The company reported revenue of Rs 120.69 crore in Q4 FY26, which was lower than the previous quarter and the year-ago quarter. Net profit was Rs 6.22 crore and PAT margin was 5.97%, both lower, indicating near term margin pressure. The Rs.510 crore international win is a meaningful re-rating catalyst for order book visibility, but investors will want to closely watch margin recovery and execution timelines before drawing firm conclusions.
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