Aarvi Encon Limited Secures ₹38.43 Crore Work Order from Gujarat State Petronet Limited

Mumbai, February 1, 2025 – Aarvi Encon Limited (NSE: AARVI) has announced that it has secured a significant work contract from Gujarat State Petronet Limited (GSPL) worth ₹38.43 crore for manpower outsourcing services. The contract, awarded on January 31, 2025, spans a duration of three years, effective from January 1, 2025.

Contract Details​

The contract entails the supply of manpower on an outsourcing basis to various project sites and offices across India, as required by GSPL. The agreement falls under the category of domestic manpower supply services.

Strategic Implications​

This contract reinforces Aarvi Encon Limited's position in the manpower outsourcing sector, especially within the energy and infrastructure domain. Given GSPL's strong presence in India's gas transmission sector, this deal could enhance AEL’s revenue visibility and business stability over the next three years.

Regulatory Compliance​

The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency for investors and stakeholders.

Conclusion​

This latest contract underscores Aarvi Encon Limited’s continued success in securing large-scale manpower outsourcing projects. Investors may find this development encouraging, given its potential positive impact on revenue and business growth over the contract duration.