SME stock hits 5% upper circuit after winning order worth ₹5 Cr from Euroteck EnvironmentalSME stock hits 5% upper circuit after winning order worth ₹5 Cr from Euroteck Environmental

Introduction:

Leading company in the power sector has secured a significant work order from Euroteck Environmental Private Limited. The order involves testing and commissioning support services for water treatment plant projects, valued at ₹5 crore, with a three-month execution timeline.

Also Read: Auto stock jumps after partnering with Taiwan’s Compal Electronics to manufacture servers in India

Share price movement of Lakshya Powertech:

On March 6, 2025, Lakshya Powertech Ltd opened at ₹177.10, reaching a high of ₹185.70, up 4.97% from its previous close of ₹176.90, and a low of ₹177.00. The stock is currently trading at ₹185.70, with a market cap of ₹187.26 crore.

Lakshya Powertech Secures ₹5 Crore Order:

Lakshya Powertech Limited announced the receipt of a ₹5 crore work order from Euroteck Environmental Private Limited, for providing testing and commissioning support services for water treatment plant (WTP) projects. The order is set to be executed within 3 months.

The work order, awarded by a domestic entity, reflects Lakshya Powertech’s expanding capabilities in the water treatment sector. The company will deliver essential services related to WTP projects, contributing to infrastructure development. No related-party transactions are involved in the deal, ensuring transparent business practices.

Lakshya Powertech confirmed that there is no interest from its promoters or group companies in Euroteck Environmental Private Limited, maintaining the arm’s length nature of the transaction. This collaboration marks a significant development in the company’s operations and market presence.

Stock performance of Lakshya Powertech for Period of 1 week, and 1 months:

Lakshya Powertech Limited has experienced a decline in performance with a 5.25% drop over the past week and a 32.0% decrease over the past month, reflecting a challenging period in the market.

Also Read: Railway stock hits 5% upper circuit after bagging an order from North Western Railways, Ajmer

Shareholding pattern of Lakshya Powertech:

Particulars	Oct 2024
Promoter	69.20%
FII	5.50%
DII	5.70%
Public	19.60%

About Lakshya Powertech:

Lakshya Powertech Ltd (NSE: LAKSHYA) is an ISO-certified company offering Engineering, Procurement, and Consultancy services. It provides tailored EPC solutions and integrated O&M services for sectors including oil & gas, power generation, and renewable energy.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.