Konstelec Engineers Limited has successfully completed the Supply, Installation, Testing and Commissioning works for Indian Oil Corporation Limited's Cryogenics Business Group facility located at Dindori, Nashik. The executed value of the project stood at approximately ₹16.22 crore, including GST, against an original contract value of approximately ₹18.99 crore. The completion of this critical infrastructure project was formally certified by Indian Oil Corporation Limited on June 08, 2026, reinforcing the company's capabilities in the energy sector.

The scope of work encompassed the installation and commissioning of transformers, DG sets, HV & LV switchgears, cabling systems, lighting infrastructure, and earthing systems. Additionally, the project involved associated electrical and civil works necessary to develop the power distribution infrastructure supporting IOCL's cryogenic operations. The contract was awarded by Indian Oil Corporation Limited, marking a significant execution in the industrial infrastructure sector.

Project Overview

Amish Shah, Managing Director at Konstelec Engineers , stated that the successful completion reflects the company's strong execution capabilities in delivering critical electrical infrastructure for India's leading energy companies. He emphasized the team's commitment to quality, safety, and timely execution, which enabled the delivery of this mandate. The company remains focused on strengthening its presence in the oil & gas, energy, and industrial sectors.

Konstelec Engineers Limited operates as an integrated EPC company specializing in Electrical, Instrumentation, and Automation systems. It undertakes turnkey contracts for the installation, testing, commissioning, and maintenance of electrical and electromechanical systems across sectors such as oil & gas, refineries, petrochemicals, and cement.

Konstelec Engineers reported a 53.5% year-on-year increase in profit after tax to ₹7.29 crore for the financial year ended March 31, 2026, compared to ₹4.75 crore in the previous year. The growth was driven by a 49.6% rise in EBITDA to ₹19.67 crore and a 256 basis points expansion in EBITDA margins to 9.35%. Revenue from operations for FY26 stood at ₹210.38 crore, an 8.6% increase from ₹193.71 crore in FY25. The company filed an investor presentation detailing these financial results on May 26, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The statutory auditor, S M L And Co LLP, issued an audit report with an unmodified opinion on the standalone and consolidated financial results. The report noted that the joint venture entity Konstelec Hitech Engineers Private Limited had applied for striking off its name, which was approved by the Registrar of Companies on May 19, 2026. Consequently, the auditor's opinion regarding this entity is based solely on financial statements certified by management.

In governance changes, the Board took note of the resignation of Ms. Shatabdi Sudam Salve as Company Secretary and Compliance Officer, effective from the close of business hours on May 30, 2026. The Board appointed Ms. Deekchha Sanjay Pandey as the new Company Secretary and Compliance Officer, effective June 1, 2026. Ms. Pandey is an Associate Member of the Institute of Company Secretaries of India (Membership No. A80195). Additionally, the Board appointed M/s Umesh K Mehta & Co. as the Internal Auditor for the Financial Year 2026-27.

Key Financial Metrics for FY26

Management stated that the company is focusing on higher value projects in defense and data centers to improve margins. The order book stands at ₹550 crore, with a significant portion in refineries and defense. The company aims to double PAT margins over the next two to three years through better project selection and operational efficiency.