Lakshya Powertech Secures Major O&M Contract Worth Rs. 641.92 Crore in Rajasthan
Lakshya Powertech Limited has announced securing a significant work order for the Provision of Integrated Service Contract for Operation & Maintenance (O&M) of Cairn Assets in Rajasthan. The contract, awarded by Vedanta Limited, is valued at Rs. 641,92,12,546/-.This contract involves O&M services for the RJ-ON-90/1 Block, specifically covering RJ North Well Pads across Mangala, Bhagyam, and Aishwarya in Rajasthan.
The agreement establishes a four-year execution timeline and reinforces Lakshya Powertech's positioning in the high-value oil and gas service sector.
Key Contract Details
The contract awarded by the domestic entity, Vedanta Limited, pertains to integrated service provision and is expected to generate strong revenue visibility for the company over the stipulated execution period.The material details of the secured contract are as follows:
| Particulars | Details |
|---|---|
| Client Awarding the Order | Vedanta Limited |
| Scope of Work | Provision of Integrated Service Contract for O&M of Cairn Assets for RJ-ON-90/1 Block for RJ North Well Pads Across Mangala, Bhagyam, Aishwarya at Rajasthan |
| Order Value | Rs. 641,92,12,546/- |
| Contract Duration | 4 years |
| Type of Transaction | Domestic Entity Work Order |
The company stated that the order aligns with its strategic focus on expanding its presence in long-term O&M and integrated service contracts, solidifying its role as a preferred service partner in the energy assets sector.
LAKSHYA Stock Price Movement
As of 3:26 PM, Lakshya Powertech Limited shares are rallying significantly to ₹115, soaring nearly 20% in live trading to reflect a ₹19.15 increase. The sustained bullish momentum is supported by considerable volume, with 93,600 shares traded during the session.Source:
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