Aarvi Encon gains after bagging Rs 12-cr contract in Indonesia

Aarvi Encon rallied 3.15% to Rs 134.59 after the company announced that it has secured a work contract worth Rs 11.60 crore from a leading global EPC firm in Indonesia.

The company did not disclose the name of the client, citing confidentiality obligations under a non-disclosure agreement.

In an exchange filing, Aarvi Encon said it received the order on 25 November 2025 for the supply of technical manpower services over a period of two years, effective from 1 January 2026.

The company also clarified that neither its promoters nor the promoter group has any interest in the awarding authority, confirming that the transaction is not classified as a related-party transaction under regulatory norms.

 

Aarvi Encon is engaged in the business of staffing services in the engineering sector.

The companys consolidated net profit surged 127.5% to Rs 4.80 crore on a 31.3% increase in revenue from operations to Rs 158.85 crore in Q2 FY26 over Q2 FY25.

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