As per the exchange filing, the contract covers RJ North well pads across the Mangala, Bhagyam and Aishwarya fields. The scope includes an integrated service contract for O&M of these assets.
The company said that the order is to be executed over a period of four years and is expected to provide strong revenue visibility over the execution period.
The company added that the contract marks a significant milestone in its growth journey and aligns with its strategy to expand in high-value, long-term O&M and integrated service contracts in the oil and gas sector.
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It stated that the deal strengthens its positioning as a service partner for key clients and enhances its presence in strategic energy assets.
In a separate development, the firm informed that it has secured a work order worth ₹21.24 crore, including GST, from Micron Electricals (India) Private Limited.
The company said that the order marks a step forward in its push to expand its footprint in the data centre domain, a rapidly growing segment. The company said the contract reflects its focus on strengthening capabilities, enhancing technical expertise and delivering high-quality solutions.
Shares of Lakshya Powertech Limited surged sharply on April 15, closing at ₹115.00, up ₹19.15 or 19.98%. The stock has declined 35.43% over the past year.
