Likhitha Infrastructure wins ₹510 crore UAE order 2026

Order win: a new overseas contract disclosed to exchanges

Likhitha Infrastructure Limited has secured an international order valued at approximately ₹510 crore for the construction of Pipeline Package - 1 (ASAB). The contract has been awarded by China Petroleum Engineering and Construction Corporation-Abu Dhabi, which the company classified as an international entity. The company disclosed the development to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing positions the order as an addition to Likhitha Infrastructure’s overseas project portfolio. The commercial consideration was also disclosed as USD 54,000,000 alongside the rupee value.

Who awarded the project and what it covers

According to the company’s disclosure, the client is China Petroleum Engineering and Construction Corporation-Abu Dhabi. The scope of work is the construction of Pipeline Package - 1 (ASAB). Beyond the package name and the broad description as a pipeline construction project, the company did not provide additional technical details in the shared text. Still, the order is notable because it is an international award and was reported as part of the company’s overseas expansion.

Timeline: contract date and execution period

The contract is dated June 26, 2026, as per the details provided. The project is expected to be executed over 21 months. The company also indicated that the execution timeline is subject to other terms and conditions mentioned in the Letter of Award (LOA). Such conditions are common in infrastructure contracting, where milestones, approvals, and site readiness can influence execution schedules, but the filing itself sticks to the stated period of 21 months.

Related-party confirmation and promoter interest disclosure

In the exchange filing, Likhitha Infrastructure clarified that the order is not a related party transaction. The company also stated that none of the promoters, promoter group, or group companies have any interest in the awarding entity. For investors, these declarations matter because they address governance concerns that can arise when large contracts are awarded by entities linked to promoters or related parties. Here, the company’s statement is explicit that the order does not fall under related party transactions.

What the ₹510 crore figure means in context

The disclosed consideration is approximately ₹510 crore. In the same disclosure, the company mentioned the value as USD 54,000,000. The company did not provide a break-up of costs, margins, or billing milestones in the shared text. It also did not disclose whether the order value is inclusive or exclusive of taxes, which is a detail that can vary across contracts and geographies.

Snapshot: key details of the UAE pipeline package

Recent domestic wins also featured in disclosures

Separately, the provided text references multiple domestic pipeline-related orders reported in 2026. Likhitha Infrastructure received an order worth ₹121.04 crore (inclusive of GST) from Oil India Limited dated May 28, 2026. The scope described was coating refurbishment and associated works under Oil India’s Pipeline Rehabilitation Project Phase-II in Assam. The order comprised two packages: Spread 1 valued at ₹65.41 crore and Spread 2 valued at ₹55.63 crore, aggregating to ₹121.04 crore inclusive of GST.

The text also references that Likhitha Infrastructure received an order worth ₹72.15 crore, excluding GST, from Hindustan Petroleum Corporation Limited (HPCL). The disclosure was described as an announcement under Regulation 30 (LODR) for award or receipt of order, with a timestamp of April 13, 2026 at 11:52 AM. While additional scope details are mentioned in brief in the input, the core disclosed financial value is ₹72.15 crore excluding GST.

Capital-raising decision: preferential warrants worth ₹60 crore

In addition to order inflows, the text notes that Likhitha Infrastructure approved the issuance of 25,00,000 fully convertible warrants on a preferential basis. The stated objective is to raise ₹60 crore at an issue price of ₹240 per share. The company did not provide, in the shared text, the deployment plan for proceeds or the timeline for conversion, but the numbers indicate a material capital-raising step alongside new contract additions.

Market references: latest price point mentioned

The input includes a reference to the company’s share price at ₹257.6. No date or session context for this price point is provided in the text, so it should be read as a snapshot rather than a time-stamped close. Still, it provides a market reference alongside disclosures of new work orders and capital-raising actions.

Quick comparison: orders and corporate actions mentioned

Why the disclosure matters for tracking execution and order book

The key near-term takeaway from the filing is the addition of a ₹510 crore international project with a defined 21-month execution period. The governance disclosures around related-party status and promoter interest are also important because they provide clarity on counterparty independence. Alongside this, the presence of recent domestic pipeline orders and a ₹60 crore preferential warrant issue indicates that the company has been active both in order intake and corporate actions. Future investor attention typically stays on execution progress, billing cadence, and any further stock exchange updates tied to the LOA terms, but the input text does not provide those operational details.

Conclusion

Likhitha Infrastructure’s June 26, 2026 contract for Pipeline Package - 1 (ASAB), valued at about ₹510 crore and scheduled for 21 months, expands its international order profile while being disclosed as not related-party in nature. The next confirmed steps will be governed by the LOA terms and any subsequent exchange filings on project milestones or execution updates.