RKEC Projects reached an upper circuit of 20% to Rs 62.58 following the announcement of a significant work order valued at Rs 197.59 crore from Oil and Natural Gas Corporation (ONGC).
As per an exchange filing, the order relates to the "Jetty Revamping Project," focused on enhancing, repairing, and fortifying jetty infrastructure at the Nhava Supply Base.
The agreement was issued by the Central Procurement Department of ONGC in New Delhi. RKEC Projects mainly focuses on construction tasks, emphasizing civil and defense construction work, including the building of structures, highways, marine projects, and bridges.
The firm announced a 54.4% decrease in consolidated net profit to Rs 1.71 crore in Q2 FY26, down from Rs 3.75 crore in Q2 FY25. Revenue from operations declined 59.6% compared to the previous year, reaching Rs 31.03 crore in Q2 FY26.
Also Read:Avantel Bags Rs 8.03 Cr BEL Order amid Q2 Profit Drop
Maharatna Oil and Natural Gas Corporation (ONGC) is India's largest company in crude oil and natural gas, accounting for approximately 71% of domestic production.
It possesses internal service competencies across all sectors of oil and gas exploration, production, and associated oil-field services. As of 30 September 2025, the Government of India owned a 58.89% share in ONGC.
ONGC announced a 5.4% increase in consolidated net profit to Rs 10,785 crore, even though gross revenue decreased by 0.9% to Rs 1,57,911 crore in Q2 FY26 compared to Q2 FY25. The index decreased by 0.47% to Rs 245.75 on the BSE.
We use cookies to ensure you get the best experience on our website. Read more...
