Penny stock below Rs 65: Konstelec Engineers Ltd receives order of Rs 13,31,00,000 from Reliance Industries Ltd
DSIJ Intelligence-1 / 15 Oct 2025/ Categories: Penny Stocks, Trending
The stock is up by 9.6 per cent from its 52-week low of Rs 57 per share.
Konstelec Engineers Limited has announced it has secured a new domestic work order from Reliance Industries Limited, valued at Rs 13.31 crore (Basic Price). The contract involves the execution of Electrical & Instrumentation works for the Wafer Main Plant at Reliance Industries' facility in Jamnagar, Gujarat. Konstelec Engineers Limited is scheduled to complete this significant project by December 31, 2025.
Earlier, the company received a new work order valued at Rs 12.60 crore (Basic Price) from Larsen and Toubro Limited. This order is for the completion of electrical works related to the IAVL BOOT Project at the IOCL Panipat Refinery.
Konstelec Engineers Limited, founded in 1995, is a leading EPC contractor providing comprehensive engineering, procurement, Construction and commissioning services across India and globally. With expertise in electrical installations, Solar power plants, instrumentation, and automation, they have successfully executed over 200 projects for clients like Reliance Industries, JSW Steel, Indian Oil and many more, solidifying their position in the industry.
The company has a market cap of over Rs 900 crore. On Wednesday, shares of Konstelec Engineers Ltd hit a 5 per cent Upper Circuit to Rs 62.45 per share from its previous closing of Rs 59.50 per share. The stock is up by 9.6 per cent from its 52-week low of Rs 57 per share.
Disclaimer: The article is for informational purposes only and not investment advice.