New Order: Infra stock jumps 17% after securing contract worth ₹30.38 Cr from Powerstatic Solutions

Synopsis: Conart Engineers’ shares jumped sharply after the company secured a new contract, which covers around 50% of its marketcap, from Powerstatic Solutions India, involving a factory building at Sanand GIDC, Gujarat.

The shares of this company, engaged in providing General Contracting and Project Management Services, are in focus after it secured a significant contract that can largely contribute to its order book. In this article, we will dive more into the details of it.

With a market capitalisation of Rs 62.5 crore, the shares of Conart Engineers Ltd. made a day high of Rs 109 per share, up 17 percent from its previous day’s closing price of Rs 93.15 per share. Over the past five years, the stock has delivered a robust return of 533 percent, outperforming NIFTY 50’s return of 86 percent.

About the Order

Conart Engineers Limited, through a stock exchange filing, announced that it has secured a new project from Powerstatic Solutions India Private Limited in Ahmedabad. 

The scope of the work includes building a factory and handling all the related civil work at Sanand GIDC in Gujarat. The project is worth approximately Rs 30.38 crore, which is almost half of its market value. Although that number might shift slightly depending on the final plans, or if extra work arises. The work is to be completed within eight months.

Financial and other highlights

Conart Engineers has reported an operating revenue of Rs 16.23 crore in Q2 FY26, representing a 54 percent growth compared to Rs 10.57 crore in Q2 FY25. Additionally, on a quarter-on-quarter basis, it grew by 10 percent from Rs 14.78 crore.

Regarding its profitability, it reported a net profit of Rs 1.29 crore in Q2 FY26, a staggering growth of 258 percent as compared to Rs 36 lakh in Q2 FY25. Additionally, on a quarter-on-quarter basis, it grew by 79 percent from Rs 72 lakh. 

Conart Engineers Limited is an engineering and construction company based in India. They handle everything from civil and structural work to big industrial projects, offering complete solutions from start to finish. Their services cover general contracting, design-build, and turnkey jobs, plus project management—things like keeping costs in check, managing schedules, handling quality and safety, and making sure everything runs smoothly on site.

They work with all sorts of industries: heavy engineering, chemicals, petrochemicals, automobiles, pharmaceuticals, real estate (both residential and commercial), and even education. Conart started back in 1973 and calls Mumbai home. With decades under their belt, they’ve built a solid track record handling complex industrial and infrastructure projects all over India.

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