Aarvi Encon Subsidiary Awarded International Manpower Supply Contract worth Approx. INR 15.87 Crores
Aarvi Encon Limited's subsidiary, PT. Aarvi Encon Services, Indonesia, has secured a significant work contract from a leading multinational EPC company in Indonesia. The deal involves the provision of manpower supply services and is valued at approximately INR 15.87 Crores.The contract details highlight that PT. Aarvi Encon Services was awarded the order by an international entity based in Indonesia. The agreement focuses specifically on manpower supply within the context of a broader work contract.
Key terms and financial details regarding the awarded contract are as follows:
| Detail | Specification |
|---|---|
| Nature of Contract | Manpower Supply Contract |
| Awarding Entity Type | International Entity |
| Effective Start Date | June 15, 2026 |
| Duration | 2 years |
| Approximate Consideration | INR 15.87 Crores (Rupees Fifteen Crore and Eighty-Seven Lakhs Only) |
The contract structure ensures that the order does not constitute a related party transaction, nor do the promoter or promoter group companies have any interest in the entity that awarded the contract.
The size of the contract is approximately INR 15.87 Crores (Rupees Fifteen Crore and Eighty-Seven Lakhs Only). The company noted that the final consideration may be subject to variation due to exchange rate fluctuations.
AARVI Stock Price Movement
Shares of Aarvi Encon Limited today slipped by 0.36% to settle at ₹139.94. The stock recorded a traded volume of 26,301 shares during the day's trading session.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.
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