20% Upper Circuit: Stock skyrockets after receiving ₹642 Cr order from Vedanta

Synopsis: The share of this construction and O&M company hit a 20 percent upper circuit after securing a large order from Vedanta, triggering strong investor interest and sharp price momentum.

The shares of this company, whose core services include Engineering, Procurement, Construction, commissioning, O&M, and specialized consulting for energy projects, came into focus after an order from Vedanta.

With a market capitalization of Rs  116 crore, Lakshya Powertech Ltd’s share made a day high of Rs 115 per share, up 20 percent from its previous day’s close price of  Rs 95.85 per share. The share of the company trades at an undervalued P/E ratio of 7.60x compared to its industry average of 17.1x.

Significant Order

Lakshya Powertech Ltd has received an integrated operations and maintenance service contract worth Rs 641.92 crore from Vedanta Limited. The order relates to Cairn Assets in Rajasthan, covering key producing fields including Mangala, Bhagyam, and Aishwarya, strengthening long-term field operations and support services.

The contract includes integrated O&M services of Cairn assets across major Rajasthan oilfields. The scope includes operational support and maintenance activities for well pads, with a total execution period of four years, ensuring sustained production efficiency and asset reliability.

The order marks a key milestone for Lakshya Powertech Ltd, strengthening its position in long-term O&M contracts in the oil and gas sector. The contract value is multiple times the company’s market cap of Rs 116 crore, significantly enhancing revenue visibility, stability, and reinforcing its focus on efficient execution, operational excellence, and sustainable value creation.

About the Company

Lakshya Powertech Ltd is an Ahmedabad-based company established in 2012 that provides comprehensive Engineering, Procurement, Construction, and Commissioning (EPCC) services. Specializing in the Oil & Gas, Power, and Renewable Energy sectors, they offer tailored solutions including Compressed Biogas (CBG) projects, operation & maintenance, and manufacturing equipment like pressure vessels.

Financial highlights: The revenue from operations grew by 32.8 percent to Rs 89 crore in H1 FY26, corresponding to the same half-yearly period in the last financial year, and the operating margin decreased to 12 percent YoY from 15 percent in H1 FY25. Accompanied by a net profit that stayed flat at Rs 7 crore in H1 FY26 from Rs 7 crore in H1 FY25, resulting in EPS declining by 32.9 percent YoY to Rs 6.80 per share in H1 FY26.

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