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Aarvi Encon skyrockets 10% on order win of ~Rs25.84cr from Gujarat State Petronet

The contract for manpower outsourcing services is for a period of 3 years.

December 24, 2021 3:20 IST | India Infoline News Service
Bull Market
Aarvi Encon Limited has received a contract of ~Rs25.84cr excluding GST for the supply of manpower to Gujarat State Petronet Limited (GSPL), Gandhinagar for manpower outsourcing services. The contract is for a period of 3 years. The number of manpower may vary as per the business requirement of GSPL. The total contract value will change accordingly.

"We have been associated with the GSPL for 15 years and have been delivering such services to them in the past. This Letter of Award sets a great example that our business relationship with GSPL has strengthened. It is our pleasure to serve the quality service to GSPL and live up the trust/mark as to the confidence showed by them.

The company stock was in demand on Friday and towards close of trade it was trading at day's high of Rs86.25 per share up Rs7.80 or 9.94% on the NSE.

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