Konstelec wins orders worth ₹165.85 Cr; order book exceeds ₹550 Cr
Konstelec Engineers Limited has emerged as the L1 bidder for three projects worth ₹165.85 Crore from Numaligarh Refinery Limited and Advanced Weapons and Equipment India Limited. The company's total order book now exceeds ₹550 Crore, providing strong visibility for FY27. The project awards are subject to the issuance of Letters of Award.
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Konstelec Engineers Limited has emerged as the successful L1 bidder for three projects with a total estimated value of ₹165.85 Crore. The company announced these developments on May 22, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Project Details
The company received bid confirmations for two projects from Numaligarh Refinery Limited and one from Advanced Weapons and Equipment India Limited, Ministry of Defence. The execution activities for these projects are expected to commence shortly.
| Client | Project Description | Order Value |
|---|---|---|
| Numaligarh Refinery Limited | Instrumentation Works for EPCM-2 Services for RPTU Unit – Group A | ₹59.53 Crore (Exclusive of GST) |
| Numaligarh Refinery Limited | Instrumentation Works for EPCM-2 Services for RPTU Unit – Group B | ₹32.01 Crore (Exclusive of GST) |
| Advanced Weapons and Equipment India Limited | Augmentation of FGK Internal Electrical Power Distribution System on Turn-key Basis | ₹74.31 Crore (Inclusive of GST) |
| Total | ₹165.85 Crore |
Management Commentary
Mr. Amish Shah, Managing Director at Konstelec Engineers Limited, stated that these projects reinforce the company's presence in the refinery segment and mark its entry into the defence sector. He further noted that with these additions, the company's total order book stands at over ₹550 Crore, providing strong visibility for FY27 and the years ahead.
Conditions and Next Steps
The award of work for the aforementioned projects is subject to the issuance of the respective Letter of Award (LOA) or Purchase Order and the completion of customary contractual formalities by the respective clients. Konstelec Engineers stated that further details required under Regulation 30 of SEBI LODR Regulations, 2015, will be provided via a separate announcement once the Letter of Intent or Award is received.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0QEI01011/2549ee2b17e94919.pdf
Historical Stock Returns for Konstelec Engineers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.99% | +12.39% | +1.89% | -20.04% | -37.17% | -80.40% |
How might Konstelec Engineers' entry into the defence sector through the Advanced Weapons and Equipment India Limited project influence its bidding strategy for future government and defence contracts?
With the total order book now exceeding ₹550 Crore, what revenue recognition timeline and margin profile can investors expect for FY27 given the execution complexities of refinery and defence projects?
Could Konstelec Engineers' growing presence in Numaligarh Refinery's RPTU unit projects position it as a preferred vendor for upcoming expansion phases at the refinery?
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