2 Stocks jump after bagging orders worth ₹14 Cr from L&T, Adani Green Energy and others

Synopsis: Two micro-cap stocks moved into focus after winning orders; Chiraharit secured Rs 10.7 crore, including Adani Green and more, while Suntech bagged a Rs 3.72 crore order from L&T, improving revenue visibility and trust of large-scale businesses in the operations of these two micro companies. 

Order wins from marquee names often act as early indicators of improving business momentum, especially for micro-cap companies. Chiraharit Limited and Suntech Infra Solutions recently attracted investor attention after securing fresh orders from Adani Green Energy and Larsen & Toubro, respectively. While the deal sizes are modest, the quality of counterparties and sector exposure strengthen execution visibility and long-term credibility.

Chiraharit Limited 

The company is engaged in turnkey EPC (Engineering, Procurement and Construction) projects focusing on two broad segments, viz., water-based and renewable energy-based, and in the water sector the focus is on the efficient and reliable movement of piped water in pressurised applications.

With the market cap of Rs 48 crore, the shares of Chiraharit Ltd have gained about 2% and reached a high at Rs 8.75, compared to their previous day’s closing price of Rs 8.59 . The shares are trading at a PE of 52.4, whereas its industry PE is at 17.6.

The company’s order wins from December till date show that business momentum is building steadily in renewable energy and water infrastructure. The most meaningful win is a Rs 7.06 crore order from Adani Green Energy for a water supply project, which not only adds scale but also strengthens Chiraharit’s relationship with a large and reputable renewable energy developer.

In addition to this, the company has picked up multiple smaller orders from Tata Power Renewable Energy, Mahindra TEQO, Winsol Solar, and various government bodies which add up to another Rs 3.64 crore, totalling Rs 10.7 crores. While these contracts are modest in size, together they ensure consistent execution on the ground, diversify the customer base, and reduce dependence on any single project or client.

Suntech Infra Solutions

The company is a B2B construction company engaged in civil construction services such as civil foundation works, structural works, and construction equipment renting and serves both public and private sector clients across sectors, including power, oil & gas, steel, cement, renewable energy, refineries, fertilisers, and process plants.

With the market cap of Rs 78 crore, the shares of Suntech Infra Solutions Ltd have gained about 2% and reached a high at Rs 42.25, compared to their previous day’s closing price of Rs 41. The shares are trading at a PE of 6.13, whereas its industry PE is at 17.6,

Suntech Infra Solutions’ Rs 3.72 crore order from Larsen & Toubro stands out more for its quality than its size. Securing work from India’s largest EPC player highlights Suntech’s capabilities in specialised piling and ground improvement works.

From an operational perspective, the order supports near-term revenues and helps keep resources deployed. More importantly, successful execution for L&T can act as a strong endorsement, improving Suntech’s visibility and opening doors for repeat and larger infrastructure contracts in the future.

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