Likhitha Infrastructure Receives 3-Year Contract From Oil India Ltd Worth ₹121 Cr For Pipeline Rehabilitation Works in Assam

Synopsis: Likhitha Infrastructure Limited has secured a ₹121.04 crore order from Oil India Limited for pipeline rehabilitation works in Assam. The three-year contract is expected to strengthen the company’s order book and improve revenue visibility.

Pipeline infrastructure stock gained attention after securing a major order from Oil India Limited for pipeline rehabilitation works in Assam. The latest development is expected to strengthen the company’s order pipeline and support future revenue growth.

Likhitha Infrastructure Limited has announced that it has received an order worth ₹121.04 crore (including GST) from Oil India Limited for coating refurbishment and associated works under the Pipeline Rehabilitation Project Phase-II in Assam.

Likhitha Infrastructure Limited has a total market capitalization of Rs. 733.45 crore, according to data on the NSE. Likhitha Infrastructure shares were trading at Rs. 186 apiece on the National Stock Exchange, down by 4.96 percent; the stock has declined around 10.52 percent over the last five sessions, while it has gone down about 16.08 percent in the 30 days. Over a six month period, the stock has given a negative return of 2.59 percent, whereas on a year on year basis it has declined nearly 35.94 percent, reflecting negative overall performance. The stock’s 52 week high was Rs. 324 and 52 week low was Rs. 131. 

The contract comprises Spread-1 worth ₹65.41 crore and Spread-2 worth ₹55.63 crore, taking the total order value to ₹121.04 crore. The project is scheduled to be executed over a period of three years.

The order is strategically important as it strengthens the company’s position in India’s oil and gas infrastructure sector while providing healthy revenue visibility over the medium term. Pipeline rehabilitation projects are critical for improving asset reliability, operational efficiency and safety across energy transportation networks.

Incorporated in 1998, Likhitha Infrastructure Limited is engaged in the laying of gas pipelines and development of allied infrastructure. The company provides Engineering, Procurement and Construction (EPC) services across oil & gas pipelines, city gas distribution networks, cross-country pipeline projects, tankage facilities and associated utility infrastructure. Likhitha primarily caters to leading public and private sector energy companies and has established a strong presence in India’s oil and gas infrastructure sector through its execution expertise and long operational track record. 

Overall, the ₹121.04 crore Oil India contract strengthens Likhitha Infrastructure’s order book and supports future business growth. Going forward, order execution, infrastructure spending and expansion of India’s natural gas network will remain key factors influencing the company’s future performance.

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