Aarvi Encon Gains Nearly 3% on ₹9.36 Cr Contract for Eco-Friendly PVC Project
By Shishta Dutta | Published at: Jul 15, 2025 12:11 PM IST
Mumbai, July 15, 2025 – Aarvi Encon Ltd (NSE: AARVI) saw its shares jump 2.86% to ₹110.35 in early Tuesday trading before settling at ₹110.04. This was after acquiring a ₹9.36 crore “Green PVC” manpower contract, officially commencing on July 14, 2025, and running until March 31, 2026, with potential extensions. The contract involves supplying both technical and non-technical personnel for an eco-friendly PVC initiative, underscoring Aarvi’s niche strength in sustainable industrial staffing.
Key Trigger: Work Order Awarded for Green PVC Project
Aarvi Encon reported to the National Stock Exchange that it has been awarded a domestic work order for providing technical and non-technical manpower on an outsourcing basis for a Green PVC Project in India. The contract, which will be effective from July 14, 2025, will continue until March 31, 2026, and is renewable by mutual agreement.
Although the client name cannot be divulged under a Non-Disclosure Agreement, the value of the order is ₹9,36,61,851, and a notable addition to Aarvi’s order book.
Contract Snapshot
| Parameter | Details |
|---|---|
| Nature of Work | Manpower Supply Services (Green PVC Project) |
| Client | Domestic (Confidential) |
| Order Value | ₹9.36 crore |
| Duration | 14-Jul-2025 to 31-Mar-2026 |
| Related Party Transaction | No |
| Promoter Interest | None |
Stock Movement Snapshot (as of 10:05 am IST)
| Metric | Value |
|---|---|
| Last Traded Price | ₹110.04 |
| Change (%) | +2.57% |
| Previous Close | ₹107.28 |
| Day’s High | ₹111.98 |
| Day’s Low | ₹108.00 |
| Traded Volume | 0.04 lakh shares |
| Traded Value | ₹0.04 crore |
| VWAP | ₹110.34 |
| 52-Week Range | ₹88.00 – ₹168.00 |
| Market Cap | ₹163.44 crore |
| Free Float Market Cap | ₹43.62 crore |
About Aarvi Encon Limited
Aarvi Encon Ltd, listed on the NSE since June 24, 2020, is a diversified commercial services firm offering engineering manpower outsourcing solutions across industries. The company operates with an adjusted P/E of 15.98 and maintains an active trading status. It has a face value of ₹10 per share and falls under the “EQ” series on NSE.
With this fresh contract, Aarvi aims to strengthen its position in industrial manpower services within high-value infrastructure projects.
REF: https://nsearchives.nseindia.com/corporate/AARVI_14072025153431_NSE20252614Workorder_-_Adani.pdf
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