Lakshya Powertech Wins ₹276.38 Crore Vedanta O&M Order; Shares Rise 4.96%

Mumbai, September 25: Lakshya Powertech has secured a ₹276.38 crore work order from Vedanta Oil & Gas Limited for providing integrated operations and maintenance services for the Cairn asset at Ravva in Andhra Pradesh.

The contract has an initial tenure of three years, with an option to extend it for another two years. The order adds to Lakshya Powertech’s growing O&M business in the oil and gas sector.

Lakshya Powertech Secures ₹276.38 Crore O&M Contract

According to the exchange filing, Vedanta Oil & Gas has awarded Lakshya Powertech the contract for integrated services covering operations and maintenance of the Cairn asset at Ravva, Andhra Pradesh.

The initial contract period is three years. If extended into the fourth and fifth years, the contract prices will be mutually agreed, subject to an annual escalation of up to 5%, calculated on a year-on-year basis using the previous contract year’s applicable price.

The total order value is ₹276.37 crore, or ₹276,37,61,811, as disclosed by the company.

Stock Market Snapshot

The Lakshya Powertech share price stood at ₹113.15 as of 11:25 AM IST on September 25, 2026, according to the market data shown.

The stock was up ₹5.35, translating into a gain of 4.96%. Shares traded around ₹113 through the morning session, remaining close to the day’s higher levels.

The stock movement came as Lakshya Powertech disclosed the new Vedanta O&M contract to the exchanges.

Contract Covers Cairn Asset AtRavva

The work order covers integrated operations and maintenance services for Vedanta’s Cairn asset at Ravva in Andhra Pradesh.

Lakshya Powertech will provide the required operational and maintenance services during the three-year contract period. The company said the order is expected to provide greater revenue visibility while allowing it to utilise its existing operational capabilities in the oil and gas sector.

The filing also states that the order was awarded by a domestic entity and does not involve a related-party transaction.

Extension Option Could Take Contract To Five Years

While the initial agreement covers three years, the terms provide for a possible two-year extension.

For the fourth and fifth years, pricing will be mutually agreed between the parties, with a maximum 5% annual increase applicable on a year-on-year basis based on the previous contract year’s price.

This gives Lakshya Powertech a potential longer operating engagement at the Ravva asset, subject to the extension terms being exercised.

About Lakshya Powertech

Lakshya Powertech provides engineering, operations and maintenance services across the energy and industrial sectors.

Its activities include integrated O&M services and other technical solutions for customers in sectors such as oil and gas. The company has been expanding its order pipeline through contracts involving long-term operational and maintenance requirements.

The latest Vedanta contract adds a sizeable three-year assignment to that portfolio.

Conclusion

Lakshya Powertech has secured a ₹276.38 crore integrated O&M contract from Vedanta Oil & Gas for the Cairn asset at Ravva in Andhra Pradesh.

The initial agreement runs for three years, with an option for a further two years under mutually agreed pricing terms. The Lakshya Powertech share price was at ₹113.15, up 4.96%, as of 11:25 AM IST on September 25, 2026.

Source:

• https://www.nseindia.com/get-quote/equity/LAKSHYA/Lakshya-Powertech-Limited
• https://nsearchives.nseindia.com/corporate/LAKSHYA2012_25092026105434_WOVedanta.pdf