Home / Business and Economy / Conart Engineers Secures Major Gujarat Contract
Conart Engineers Secures Major Gujarat Contract
27 May
Summary
- Conart Engineers secured a Rs 15.41 crore civil construction work order.
- The project is for Apothecon Pharmaceuticals in Gujarat.
- Construction is slated for completion within 12 months.
Conart Engineers saw a notable rally in its stock price, increasing by 4.04% to Rs 110 following the announcement of a new contract. The company has been awarded a civil construction work order amounting to approximately Rs 15.41 crore by Apothecon Pharmaceuticals.
This contract specifically involves civil construction for LVAPI-6 services at a site in the Vadodara district of Gujarat. The project is scheduled for completion within a 12-month timeframe from the issuance of the purchase order.
Conart Engineers, which provides comprehensive EPC and contracting services, confirmed that this transaction is not a related-party one. The company's financial performance also showed strength, with a consolidated net profit jump of 190.5% to Rs 0.61 crore in Q3 FY26 compared to the previous year.
