Home / Business and Economy / Likhitha Infra Bags Rs 510 Cr Pipeline Order from China Petroleum

Likhitha Infra Bags Rs 510 Cr Pipeline Order from China Petroleum

27 Jun

Summary

Likhitha Infrastructure received a Rs 510 crore order from China Petroleum.
The contract is for pipeline construction and will take 21 months.
The company's net profit decreased by 73.91% in Q4 FY26.

Likhitha Infra Bags Rs 510 Cr Pipeline Order from China Petroleum

Likhitha Infrastructure announced a substantial new contract valued at approximately Rs 510 crore. The order has been awarded by China Petroleum Engineering and Construction Corporation-Abu Dhabi for the construction of Pipeline Package-1 (ASAB).

Execution of this project is slated to take 21 months, as detailed in the Letter of Acceptance. The company confirmed this deal is not a related-party transaction, ensuring its independence.

However, the company's recent financial results for the quarter ended March 2026 indicate a challenging period. Consolidated net profit experienced a sharp decline of 73.91% compared to the same quarter last year.

Revenue from operations also fell by 10.93% year-on-year in Q4 FY26. The company's stock price reflected these concerns, trading lower on the BSE.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.