Aarvi Encon Secures Significant Three-Year Manpower Contract 🚀

Hey there, finance enthusiasts! 👋 Let’s dive into some exciting news from Aarvi Encon Limited (AARVI). The company has just announced a significant work order, signaling a positive stride for its business operations.

Aarvi Encon Limited has been awarded a substantial three-year contract by a leading global energy technology company operating in India. This new agreement is set to kick off on September 1, 2025, and will run until August 31, 2028. Talk about long-term commitment! 🗓️

So, what’s the deal? Aarvi Encon will be supplying technical manpower on an outsourcing basis to various project sites and offices across India. This is a core strength for the company, leveraging its expertise in providing skilled personnel to critical sectors.

While the exact contract value is open-ended, meaning it will be based on the actual deployment of manpower, the company has provided an approximate value of ₹24 crore over the three-year period. This gives us a good sense of the scale of this engagement. It’s also worth noting that this is a domestic contract, awarded by a domestic entity, reinforcing Aarvi Encon’s strong presence in the Indian market. 🇮🇳

For those keeping an eye on corporate governance, it’s important to know that the company has confirmed that neither its promoters nor any group companies have an interest in this contract, and it does not fall under related party transactions. Transparency is key! ✅

This new work order highlights Aarvi Encon’s continued ability to secure significant contracts with major players in the energy sector, reinforcing its position as a reliable partner for specialized manpower solutions. It’s definitely a development to watch as the company continues to grow its footprint. Stay tuned for more updates! 📈

source: Corporate Announcement

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