Lakshya Powertech Limited has secured a major long-duration oil and gas services contract from Vedanta Limited, strengthening its order book and expanding its footprint in the energy operations and maintenance segment.
The contract reinforces the company’s strategic focus on scaling its integrated service offerings in high-value energy infrastructure projects.
The company has received a work order worth ₹641.92 crore (₹641,92,12,546) from Vedanta for providing integrated operations and maintenance services for Cairn’s RJ-ON-90/1 block in Rajasthan.
The contract covers well pad operations across the Mangala, Bhagyam, and Aishwarya fields, key producing assets within Vedanta’s upstream oil and gas portfolio.
The order is scheduled to be executed over a 4-year period, offering Lakshya Powertech multi-year revenue visibility and improved earnings stability.
The long tenure of the contract is expected to support predictable cash flows while enhancing operational leverage through sustained deployment of manpower and equipment.
The win further deepens Lakshya Powertech’s presence in the oil and gas O&M segment, an area the company has been targeting for strategic expansion.
By securing a contract tied to marquee upstream assets, the company strengthens its credentials as an integrated service provider for critical energy infrastructure.
The contract meaningfully enhances Lakshya Powertech’s executable order pipeline and provides stronger business visibility over the medium term.
It also reflects continued demand from large energy companies for outsourced integrated operations support across strategic hydrocarbon assets.
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As of 15 April 2026, Lakshya Powertech share price is closed at ₹115 per share, reflecting a surge of 20% from the previous closing price.
Lakshya Powertech’s ₹642 crore Vedanta contract marks a significant order win that strengthens its oil and gas services portfolio and improves medium-term revenue visibility.
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Published on: Apr 16, 2026, 8:55 AM IST
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