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Lakshya Powertech Limited, a leading provider of Engineering, Procurement, and Construction (EPC) services, has landed a significant work order valued at ₹486.4 million from Oil India Limited, a premier player in India’s oil and gas industry. This new contract not only reinforces Lakshya Powertech’s position as a trusted partner in the energy infrastructure domain but also highlights its expertise in delivering complex, large-scale projects in the oil and gas sector. The secured order is expected to drive substantial revenue growth and strategic expansion for Lakshya Powertech, reflecting its growing prominence in critical energy infrastructure development and maintenance.
Details of the Order
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Lakshya Powertech has been awarded the work order worth ₹486.4 million by Oil India Limited.
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The order involves comprehensive engineering, procurement, and construction-related services tailored for oil and gas projects.
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Execution timelines and specific deliverables under the contract are expected to follow high standards of quality and timely delivery, aligning with Oil India’s operational requirements.
Company Profile and Sector Expertise
Established in 2012, Lakshya Powertech specializes in EPC services along with integrated operation and maintenance services for industrial, power, renewable energy, and oil & gas sectors.
The company holds numerous certifications including ISO 9001:2015 and ISO 45001:2018, which emphasize its commitment to quality and safety.
It offers a wide range of services including project consultancy, testing & commissioning, commissioning, overhauls, refurbishment, and retrofitting.
Strategic Significance of the Order
The Oil India contract strengthens Lakshya Powertech’s footprint in the upstream oil and gas segment, a sector that demands high technical standards and operational reliability.
This contract enhances the company's order book and sets the stage for sustained growth in a sector critical to India’s energy security.
Lakshya Powertech’s proven track record of delivering complex EPC projects, combined with its specialization in integrating new technologies, positions it well to execute this assignment efficiently.
Industry and Market Impact
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India’s oil and gas sector is witnessing steady demand growth, driven by rising domestic consumption and upstream exploration activities.
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Contract wins like this showcase the increasing role of Indian EPC companies in supporting large-scale energy infrastructure upgrades and expansions.
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Lakshya Powertech’s expanding capabilities frame it as a key enabler in India's energy infrastructure modernization.
Financial and Future Outlook
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Lakshya Powertech reported a strong performance in recent financial periods, with net profit surging by over 450% in FY24 and robust revenue growth.
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This latest order is anticipated to positively contribute to the company’s revenue streams and improve operating margins in the near to medium term.
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The company’s ongoing investments in technology, skilled manpower, and operational excellence underpin its growth strategies.
Summary
Lakshya Powertech’s acquisition of a ₹486.4 million work order from Oil India marks a pivotal milestone, reinforcing its command in delivering engineering and construction services to the oil and gas sector. This contract will enable Lakshya Powertech to leverage its extensive EPC expertise to support one of India’s major public sector undertakings, further cementing its position as a key player in energy infrastructure development. As India continues to prioritize energy security and infrastructure modernization, Lakshya Powertech’s growing portfolio of large-scale contracts points to a promising growth trajectory.
Sources: NSE India, AngelOne, Capital Market, Lakshya Powertech Official Site
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