According to reports from CNBC TV18, Lakshya Powertech secured a ₹641.92 crore order from Vedanta Limited for integrated operations and maintenance services of Cairn assets in Rajasthan. The contract covers RJ North well pads across the Mangala, Bhagyam and Aishwarya fields, with execution scheduled over four years.
As reported by CNBC TV18, the company stated that this 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. The deal strengthens its positioning as a service partner for key clients and enhances its presence in strategic energy assets.
According to CNBC TV18, the company also secured a ₹21.24 crore work order from Micron Electricals (India) Private Limited, including GST. This contract marks a step forward in expanding its footprint in the data centre domain, a rapidly growing segment, reflecting the company's focus on strengthening capabilities and delivering high-quality solutions.
As reported by CNBC TV18, 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, indicating the positive market reaction to the contract wins.
