Stock skyrockets 16% after securing ₹33 Cr order for maintenance & manpower supply services

Synopsis:
Aarvi Encon Limited (AEL), a prominent engineering and technical manpower services company, has recently announced the receipt of two significant work orders from leading clients in the fertilizer and energy sectors. These orders collectively worth approximately Rs. 33.5 crore, highlight AEL’s growing footprint in India’s process industries and its continued focus on long-term service contracts.

This company is India’s leading technical staffing company, which specializes in providing expert engineering staffing solutions is in spotlight after bagging two orders for manpower supply and maintenance services.

With market capitalization of Rs. 195 cr, the shares of Aarvi Encon Limited are currently trading at Rs. 132.67 per share, increasing more than 16% from its previous close of Rs. 116.71, making today’s high of Rs. 135.99 per share.

Bagging orders

Aarvi Encon Limited (AEL) has recently secured two significant work orders, reinforcing its position in India’s process and energy sectors. The first is a fertilizer sector maintenance contract with a leading Indian fertilizer manufacturing and supplying company. Effective from August 29, 2025, to August 28, 2027 with an optional three-month extension, the contract involves planned and unplanned mechanical maintenance, including repairs, replacements, breakdown handling, and preventive maintenance, valued at approximately Rs. 9.51 crore.

The second order is a three-year manpower outsourcing contract with a leading global energy technology company in India, effective from September 1, 2025, to August 31, 2028. The contract involves supplying technical manpower across multiple project sites and offices, billed on an open-ended basis based on actual deployment, with an estimated value of Rs. 24 crore over three years. Strategically, this order ensures long-term engagement with a prominent energy sector player, enhances AEL’s technical manpower outsourcing portfolio, and provides flexibility and scalability in operations. 

Both contracts are domestic, independent, and not related party transactions, highlighting AEL’s strong foothold in multiple industrial sectors and its ability to secure high-value, long-term service agreements.

About the company

Aarvi Encon Limited is a leading Indian engineering and manpower solutions company that provides technical services, project management, and manpower outsourcing across sectors such as oil & gas, fertilizers, power, petrochemicals, and process industries. The company specializes in offering skilled manpower, maintenance services, and engineering support to industrial clients, helping them optimize operations and enhance productivity. 

The company reported a strong start to FY26, with sales rising to Rs. 151.30 crore in Q1FY26 from Rs. 144.45 crore in Q4FY25, reflecting steady business growth. The company’s net profit also surged to Rs. 4.22 crore, up from Rs. 2.95 crore in the previous quarter, indicating improved operational efficiency and profitability.

Written by Manideep Appana

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