Aarvi Encon climbs ~1.5% on receiving order worth Rs57 crore

25 May 2022 , 02:48 PM

In its regulatory filing, Aarvi Encon Limited informed that t Aarvi Encon FZE, UAE Wholly-Owned Subsidiary of AEL has been awarded an addendum work Contract from Rs4 crore to Rs57 crore (approx.) from a large EPC company for Manpower Outsourcing Services.

The current duration of the contract is valid up to July 2023.

The company further stated that the client could not be disclosed due to the Non-Disclosure Agreement entered with the party.

At around 2.47 PM, Aarvi’s stock was trading at Rs114, up by Rs1.65 or 1.47% against its previous close of Rs112.35 on NSE. It touched an intraday high and low of Rs116.75 and Rs112.10 respectively so far.