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Konstelec Engineers Ltd has secured a ₹41.3 million work order from Reliance Industries Ltd, marking another strategic win for the fast-growing engineering, procurement, and construction (EPC) services provider. The order, confirmed on August 6, 2025, involves specialized electrical and instrumentation work for one of Reliance’s industrial facilities, further cementing Konstelec’s reputation in high-value infrastructure projects.
This development comes on the heels of several recent contract wins, including a ₹80.84 crore order from Numaligarh Refinery, and reflects the company’s expanding footprint across India’s energy and industrial sectors.
Key Highlights of the Reliance Work Order
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Order Value: ₹41.3 million
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Client: Reliance Industries Ltd
Scope of Work:
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Electrical installation and commissioning
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Instrumentation and control systems integration
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Compliance with safety and operational standards for petrochemical environments
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Execution Timeline: 6 months, with phased delivery milestones
Strategic Significance
Client Diversification
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The Reliance order adds to Konstelec’s growing list of marquee clients, which includes Numaligarh Refinery, ONGC, and Adani Group
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Enhances credibility in the oil and gas vertical, a key focus area for future growth
Revenue Visibility
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The order is expected to contribute ₹20–₹25 million to Q2 FY26 revenue
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Supports the company’s FY26 guidance of 25% year-on-year revenue growth
Technology Deployment
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Konstelec will utilize its proprietary project management tools and modular installation frameworks
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The project will be executed from its Mumbai and Vadodara offices, ensuring regional coordination and technical oversight
Market Reaction and Financial Context
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Stock Movement: Konstelec Engineers’ shares rose 1.94% intraday, closing at ₹63.20
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Market Cap: ₹118 crore, with a 72% decline from its 52-week high
Financials:
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FY24 revenue: ₹215.32 crore, up 40.4% year-on-year
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FY24 net profit: ₹8.92 crore, up 24.2% from FY23
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Debt-to-equity ratio remains low at 0.18, supporting future capex plans
Operational Updates and Expansion Plans
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Konstelec is actively bidding for EPC contracts in renewable energy, smart grid, and industrial automation
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A new training and R&D center is under development in Pune to support skill enhancement and innovation
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The company is exploring international opportunities in Nigeria and the UAE, leveraging its experience in overseas instrumentation projects
Governance and Strategic Outlook
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The board has approved a ₹12 crore capex plan for FY26, focused on digital infrastructure and safety systems
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ESG initiatives include solar-powered site offices and waste recycling protocols at project locations
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Konstelec aims to double its order book by FY27, with a focus on high-margin turnkey projects
Investor Takeaway
Konstelec Engineers’ ₹41.3 million order from Reliance Industries is a testament to its growing capabilities and strategic alignment with India’s industrial expansion. While the company remains a micro-cap with limited liquidity, its consistent execution, strong client base, and sectoral focus offer long-term potential.
Investors with a high-risk appetite and interest in emerging EPC players may find Konstelec an attractive speculative opportunity, especially as it scales operations and diversifies its portfolio.
Source: Trendlyne – August 6, 2025 Konstelec Engineers Ltd Exchange Filing – August 6, 2025 Business Standard – August 6, 2025
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