Lakshya Powertech Share Price Locked in 20% Upper Circuit; Here’s Why

On Wednesday, Indian markets closed on a positive note, with the Nifty 50 rising 1.63 per cent to 24,231.30, up 388.65 points from the previous close. Amid this positive market sentiment, Lakshya Powertech's share price closed at Rs 115.00, up 19.98 per cent from the previous close of Rs 95, hitting the Upper Circuit following a major order win.

The sharp rise in the stock was accompanied by a spike in trading activity, with volumes at 1 lakh shares compared to its 20-day average of 0.2 lakh shares.

Lakshya Powertech Secures Rs 641.92 Crore Order from Vedanta

Lakshya Powertech has secured a major work order worth Rs 641,92,12,546 from Vedanta Limited for the provision of an integrated services contract for operations and maintenance (O&M) of Cairn assets in Rajasthan.

The contract covers the RJ-ON-90/1 block across Mangala, Bhagyam, and Aishwarya fields and will be executed over a period of four years. The order is domestic in nature and marks a significant milestone in the company’s growth trajectory.

The company stated that the order strengthens its presence in high-value, long-term O&M contracts within the oil and gas sector and enhances its positioning as a preferred service partner for marquee clients.

Operational Significance and Growth Visibility

The contract is expected to provide strong revenue visibility over the execution period and contribute positively to margins through efficient resource deployment and operational synergies. It also reinforces the company’s focus on operational excellence, safety standards, and service quality.

Lakshya Powertech Shareholding Pattern

As per the latest available data, promoter holding stood at 69.27 per cent. Foreign institutional investors (FIIs) reduced their stake from 5.47 per cent in October 2024 to 1.01 per cent in September 2025, while domestic institutional investors (DIIs) declined from 5.69 per cent to 0.42 per cent over the same period. Public shareholding increased from 19.62 per cent to 29.30 per cent.

About Lakshya Powertech

Lakshya Powertech Limited is engaged in providing engineering, procurement, and integrated operations and maintenance services across the power and energy sectors. The company focuses on delivering long-term service contracts and has been expanding its presence in oil and gas infrastructure projects.

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Disclaimer: The article is for informational purposes only and not investment advice.