Positron Energy Secures ₹60.4 Cr Multi-Year Orders from Gujarat Gas for CGD Expansion

Positron Energy Ltd (NSE SME: POSITRON), a Jaipur-based energy consultancy and gas firm, announced three new orders worth ₹60.4 million from Gujarat Gas Ltd on February 2, 2026. The contracts span construction supervision for city gas distribution (CGD) pipelines and operations & maintenance (O&M) services.

Breaking down: ₹22 million for Punjab CGD projects/O&M (valid till Jan 31, 2028); ₹33.1 million for Gujarat CGD (same tenure); and ₹5.3 million for Gujarat CNG decompression stations O&M (till Jan 31, 2030).
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This adds to Positron's robust order book (~₹496 Cr as Oct 2025), including natural gas sales and PMC. Serving GAIL Gas, GSPC, Gujarat Gas, the firm eyes CGD growth amid India's 300+ GA licenses. Recent GSPA for ₹378 Cr RLNG (CY26) underscores momentum.
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With FY25 revenue ₹424 Cr, PAT ₹18 Cr, shares at ~₹160 (mcap ₹160 Cr) reflect SME energy play. Positron's LNG regas services at Chhara terminal position it for gas infrastructure boom.

Key Highlights

• Total Value: ₹60.4 million (₹6.04 Cr).
• Order 1: Punjab CGD supervision/O&M - ₹22 Mn (to Jan 2028).
• Order 2: Gujarat CGD supervision/O&M - ₹33.1 Mn (to Jan 2028).
• Order 3: Gujarat CNG DCS O&M - ₹5.3 Mn (to Jan 2030).
• Client: Gujarat Gas Ltd, major CGD player.
• Scope: Pipeline laying supervision, facility maintenance.

Sources: MarketScreener, Nilesh Kurhade on X, NSE filings