Likhitha Infrastructure Secures ₹72 Crore Pipeline Order from HPCL; Shares Surge 2.4%

Synopsis: Likhitha Infrastructure Limited has been awarded a significant domestic contract worth Rs. 72.15 crore by Hindustan Petroleum Corporation Limited (HPCL). The order for cross-country pipeline laying has boosted investor confidence, leading to a over 2% rise in the company’s share price during Wednesday’s trading session.

In a regulatory filing on May 6, 2026, Likhitha Infrastructure Limited announced that it has secured a major work order from Hindustan Petroleum Corporation Limited (HPCL). The contract, valued at Rs. 72.15 crore (excluding GST), involves the laying of a cross-country pipeline along with associated facilities under the Pipeline Laying Works–SCH B category.

The project has been classified as a domestic contract and does not involve any related party transactions. With an execution timeline of 12 months, the order strengthens Likhitha Infrastructure’s presence in the energy infrastructure segment, particularly in specialized oil and gas pipeline networks.

Following the announcement, shares of Likhitha Infrastructure witnessed positive momentum on the National Stock Exchange of India. As of 3:06 PM IST on May 6, 2026, the stock was trading at Rs. 219.80, up 2.42% (Rs. 5.19) from its previous close. During the session, the stock touched an intraday high of Rs. 220.00 and a low of Rs. 211.00. 

The company currently has a market capitalization of approximately Rs. 867.11 crore and trades at a price-to-earnings (P/E) ratio of 16.28. Trading activity remained moderate with 0.31 lakh shares exchanged, translating to a traded value of Rs. 0.67 crore.

While the stock has declined about 14.97% over the past year, it has recently shown signs of recovery, delivering a strong one-month return of 25.19%. The latest HPCL order is expected to further strengthen the company’s order book and support its growth trajectory in the pipeline infrastructure segment.

Likhitha Infrastructure Limited is a premier player in the Indian oil and gas pipeline infrastructure sector. Established in 1998, the company specializes in laying oil and gas pipelines, city gas distribution (CGD) networks, and operation and maintenance services. With a proven track record of executing complex cross-country projects for major public and private sector energy companies, Likhitha is a key beneficiary of India’s expanding natural gas grid and energy distribution goals.

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