Aarvi Encon Subsidiary Secures ₹15.87 Crore Manpower Contract in Indonesia
Aarvi Encon's Indonesian subsidiary received a ₹15.87 Crore manpower supply contract from a multinational EPC firm. The contract is for two years, effective June 15, 2026. This international order is a significant development for the company.
The contract value of ₹15.87 Crores is significant for the company's subsidiary and contributes to its order book, indicating potential for future revenue and expansion.
The company has secured a new work order, which is a positive development for its business growth and revenue.
Aarvi Encon Limited (AEL) announced that its step-down subsidiary, PT. Aarvi Encon Services, Indonesia, has been awarded a work contract by a leading multinational EPC company in Indonesia.
The contract is for Manpower Supply and is effective from June 15, 2026, with a duration of two years.
The approximate value of the contract is ₹15.87 Crores (Rupees Fifteen Crore and Eighty-Seven Lakhs Only). The company noted that the consideration may vary due to exchange rate fluctuations. The entity awarding the contract is confidential as per a Non-Disclosure Agreement. Neither the promoter nor the promoter group has any interest in the awarding entity, and the contract does not fall under related party transactions.
The confirmation of the award was received on June 18, 2026, at 10:33 AM (IST).
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Aarvi Encon Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Aarvi Encon Limited. Read the original for the full detail.