RKEC Projects Share Price Jump Over 17% After Securing ₹197.59 Crore ONGC Work Order

Visakhapatnam, November 24, 2025: RKEC Projects Limited shares surged sharply today after the company announced it had won a ₹197.59 crore work order from Oil and Natural Gas Corporation Limited’s (ONGC) Central Procurement Department. As of 2:50 PM IST, the stock was trading at ₹61.45, up 17.85% from its previous close of ₹52.15.

The share price of RKEC Projects Limited opened at ₹55 and moved between ₹55 and ₹62.58 during the session, emerging as one of the top gainers in the broader market. RKEC Projects currently has a market capitalisation of ₹134.70 crore and a P/E ratio of 8.40.

RKEC Projects Limited has been on the NSE since December 2020 and operates in the civil construction sector, with these projects being focused primarily on marine structures, ports, bridges, and infrastructure projects in the defence sector. The firm has developed a diversified agency portfolio for execution across India.

ONGC Has Awarded A Jetty Revamping Project

As per the company’s communication on November 21, 2025, RKEC has received the order for the refurbishment of the jetty at the Nhava supply base. The project involves the strengthening, repairs, and upgrade of the existing jetty to enhance efficiency and safety. This order has been issued by ONGC’s Central Procurement Department based in New Delhi with a contract value of ₹197.59 crore, inclusive of GST.  The Company Secretary and Compliance Officer have made the formal award disclosure on the company’s official letterhead.

This award deepens RKEC’s order book substantially through its proficiency and experience in marine and port infrastructure development. The order improves revenue visibility going forward as well and reinforces the company as an effective contractor in this specialized work stream in marine construction.

REF: https://nsearchives.nseindia.com/corporate/RKEC_21112025165613_ONGCWorkOrder.pdf

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