Trishakti Industries Secures Major Order From Reliance Industries, Announces ₹75 Million Fresh Capex

Kolkata, November 18: Trishakti Industries Limited has announced that it has received a major order from Reliance Industries Limited. The order is for the deployment of advanced machinery and skilled manpower at one of Reliance’s flagship project sites. The company has also announced that it has undertaken fresh capital expenditure of approximately ₹75 million.

Trishakti Industries Limited (BSE: 531279) is an infrastructure solutions provider that specialises in the rental and leasing of heavy earth-moving equipment and providing engineering support services. The company serves major industrial and infrastructure sectors in India, including steel, cement, railways, construction, and oil & gas, by deploying a fleet of equipment such as crawler cranes, piling rigs, and all-terrain cranes. The company was established in 1985, and is headquartered in Kolkata, West Bengal.

Trishakti Industries New Contract Details

The company announced that Reliance Industries Limited has awarded the company with a fresh order. The new order involves the hiring and deployment of advanced machinery along with trained manpower. It is valued at over ₹20 million. The project is to begin immediately, and will be completed by December 10, 2025. The duration for the contract is 12 months.

₹75 million Capex Announcement

The company also announced a fresh capital expenditure of ₹75 million. The capex is a part of its project execution plan, which it will use to acquire new and high-capacity machines.

Shares Fall by 5.09% At ₹152.10

As of 2:35 PM, Trishakti Industries share price was down by 5.09%, or 8.15 points, and was trading at ₹152.10. Until now, the shares have traded within a range of ₹163.50 and ₹150. The traded volume stood at 33.60 thousand shares, with the company’s market cap at ₹290 crore.

Investor Takeaway for Trishakti Industries

The new order received by Trishakti Industries indicates that big companies such as Reliance have confidence in the company’s business operations. The contract is expected to provide the company with revenue visibility, and contribute to its profits in the coming quarters. However, the shares of the company are witnessing negative demand today, and investors will hope that the order reflects in its share price in the coming days.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/c5dffefe-4bf8-493e-b73d-c7be1a16d84f.pdf

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