Aarvi Encon subsidiary secures ₹38.50 Cr Indonesia contract for 2 years
Aarvi Encon's Indonesian subsidiary, PT. Aarvi Encon Services, secured an international manpower supply contract valued at approximately ₹38.50 Crores. The contract is effective from May 1, 2026, and will run for two years until April 30, 2028.
The contract value of ₹38.50 Crores is significant for the company and represents new business, but it is not a transformative amount that would drastically alter its financial standing immediately.
The company has secured a new international work order, which is a positive development for its subsidiary and indicates business growth.
Aarvi Encon Limited (AEL) has announced that its step-down subsidiary, PT. Aarvi Encon Services, Indonesia, has been awarded a work contract by a leading multinational engineering company in Indonesia. The contract, effective from May 01, 2026, is for a duration of two years, with an estimated value of approximately ₹38.50 Crores. The nature of the contract is manpower supply.
The contract is to be executed between May 01, 2026, and April 30, 2028. The entity awarding the contract is confidential due to a Non-Disclosure Agreement. The company has confirmed that neither the promoter, promoter group, nor group companies have any interest in the awarding entity, and the contract does not fall under related party transactions. The consideration may vary due to exchange rate fluctuations.
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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.