Power Surge: Konstelec Engineers Bags ₹3.94 Crore Reliance Contract

Konstelec Engineers Limited, one of the prominent EPC (Engineering, Procurement, and Construction) players, has received a large work order worth ₹3.94 crore (₹39.4 million) from Reliance Industries Limited. The order entails extensive electrical works at Reliance's Jamnagar complex, further solidifying Konstelec's reputation as a go-to partner for large industrial projects.

 

About the Work Order

Kon.stelec Engineers Limited has acquired a new order for work. worth ₹3.94 crore (₹39.4 million) from Reliance Industries Limited. It is one of the largest conglomerates in the country.

 

Project Location. 

The project is on Reliance's Jamnagar complex in Gujarat, an important industrial base of the company.

 

Scope of Work.

Company. Profile

Market Impact

After the announcement, the stock of Konstelec Engineers Ltd saw volatility, falling to a 2% lower circuit at ₹83.65 per share, but is still 40% up from its 52-week low.

 

Industry Significance

The work order reinforces the image of Konstelec as a trustworthy partner for industry majors and shows the continued investment in infrastructure by the likes of Reliance Industries.

 

Sources: DSIJ, Inshorts