Lakshya Powertech announced that it has received a major work order from Asian Energy Services Limited for the execution of an Engineering, Procurement and Construction (EPC) project in the oil and gas sector. The contract involves the development of surface facilities, pipelines, and a natural gas compression system for an upstream asset.
The deal, valued at ₹79.06 crore (inclusive of taxes), is scheduled to be completed within five months, with timelines subject to variation. The company said the order enhances its growing project pipeline and reinforces its position as a trusted EPC solutions provider to India’s upstream oil and gas industry.
“This work order not only strengthens our order book but also underscores our reliability and execution capabilities in the domestic hydrocarbon market. We remain focused on driving operational efficiency, delivering projects on time, and supporting India’s energy infrastructure needs,” the company stated.
The contract was awarded by a domestic entity, Asian Energy Services Limited, and further aligns with Lakshya Powertech’s strategy to scale its presence in the upstream energy EPC segment.
Lakshya Powertech added that the win supports its long-term growth objectives as it continues to explore new opportunities within India’s oil and gas infrastructure space while ensuring quality and safety across all ongoing projects.
