Aarvi Encon Limited Wins Work Order from Mahanagar Gas Limited for Manpower Services
Aarvi Encon Limited (AEL) has secured a significant work contract from Mahanagar Gas Limited. The contract pertains to the provision of Manpower Services and is valued at INR 20,90,49,408/- (Rupees Twenty Crore Ninety Lakhs Forty Nine Thousand Four Hundred and Eight).The agreement, which falls under the category of providing manpower services, is scheduled to commence on June 1, 2026. The total duration of the work order is two years, extending until May 31, 2028.
The details of the contract awarded to Aarvi Encon Limited are as follows:
| Detail | Specification |
|---|---|
| Awarding Entity | Mahanagar Gas Limited |
| Nature of Service | Providing Manpower Services |
| Contract Value | INR 20,90,49,408/- (Excluding Taxes) |
| Effective Start Date | June 1, 2026 |
| End Date | May 31, 2028 |
| Duration | 2 years |
This contract award marks a material business event for Aarvi Encon Limited, confirming a substantial commitment from the energy sector's Mahanagar Gas Limited.
AARVI Stock Price Movement
Today, Aarvi Encon Limited shares edged higher to close at ₹126.54, gaining 0.94% on increased trading interest. The stock saw 10,445 shares transacted today, signaling a positive move from its previous close.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.