Likhitha Infrastructure shares hit the upper circuit of 5% to ₹269.55 following the announcement of securing a significant contract worth ₹510 crore ($5,40,00,000) from China Petroleum Engineering and Construction Corporation-Abu Dhabi. The official announcement was made on Friday, 26 June 2026, triggering strong investor confidence in the infrastructure development company's growth prospects.
Likhitha Infrastructure has secured a significant contract worth ₹510 crore ($5,40,00,000) from China Petroleum Engineering and Construction Corporation-Abu Dhabi. According to reports from Business Standard, the contract involves the construction of Pipeline Package-1 (ASAB) and is scheduled to be executed within 21 months as per the terms of the Letter of Acceptance (LoA). The company has clarified that this contract is not a related-party transaction and that neither its promoters nor promoter group entities have any interest in the deal.
Likhitha Infrastructure operates in the infrastructure development sector, specializing in gas supply pipelines and irrigation canals, building bridges over canals and related maintenance works. As reported by Business Standard, the company's core business focuses on pipeline construction and related infrastructure projects, positioning it well for the current contract award.
The company's recent financial results show mixed performance indicators. According to Business Standard, Likhitha Infrastructure's consolidated net profit declined 73.91% year-on-year to ₹4.59 crore in the quarter ended March 2026 (Q4 FY26), compared with ₹17.59 crore in the corresponding quarter last year. Revenue from operations fell 10.93% to ₹120.69 crore in Q4 FY26 from ₹135.50 crore in Q4 FY25. The stock counter slipped 1.19% to ₹256.75 on the BSE following the announcement, but the recent contract win has significantly boosted investor sentiment.
