Likhitha Infrastructure lands ₹121 cr order from Oil India
The three-year contract for pipeline rehabilitation in Assam represents 26% of the company's prior-year revenue and 15% of its market cap.
— 4 earlier stories on Likhitha Infrastructure Ltd. →What's new
- Likhitha won a ₹121.04 cr contract from Oil India for pipeline and coating work in Assam.
- The project spans three years and covers two distinct work segments.
- This is the company's second major order from an oil major in recent weeks.
Why this matters
For a micro-cap firm, this win is a massive revenue stabilizer. It accounts for over 15% of the company's market capitalization and provides a clear runway for growth through 2029.
What we're watching
- Execution speed on the two Assam spreads.
- Whether this win helps smooth out recent earnings volatility.
- Further order inflow from other state-owned energy enterprises.
The full read
Likhitha Infrastructure has secured a ₹121.04 crore pipeline rehabilitation contract from Oil India Limited. The project covers two spreads valued at ₹65.41 crore and ₹55.63 crore, set for completion over three years.
It is a massive win.
This contract accounts for 26% of the firm's prior-year revenue and more than 15% of its current market capitalization, providing a clear revenue baseline through 2029 while signaling that the company is successfully capturing larger, more stable domestic infrastructure mandates that help mitigate its recent earnings volatility.
Questions answered
- How significant is this order relative to Likhitha's size?
- The ₹121.04 crore contract is highly material, representing roughly 26% of the company's revenue from the previous financial year and over 15% of its current market capitalization.
- What is the scope of the work?
- The contract involves pipeline rehabilitation and coating refurbishment for Oil India in Assam. It is split into two segments valued at ₹65.41 crore and ₹55.63 crore.
- How long will the project take to complete?
- The project carries a three-year execution timeline, which the company expects will provide revenue visibility through 2029.
- Is this the company's first major order recently?
- No. This follows a ₹72 crore order win from HPCL, marking the second consecutive large-scale contract from a major energy player.
Story so far
All notes on LIKHITHA →- 28 May 2026 · 3:38 PM IST Likhitha Infrastructure lands ₹121 cr order from Oil India
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