BSECompany Update3h ago · 20 Aug 2026, 02:28 pm
Intimation of Work Order Received of Rs. 30 Cr.
Aarvi Encon Ltd · 544850
✦ AI Summary▲ PositiveOrder Win
Aarvi Encon Ltd has received a work order from Mahanagar Gas Limited for hiring services for operations of CNG stations worth Rs. 30.63 cr. The order is effective from Sep 1, 2026 to Aug 31, 2029.
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Earnings Impact6/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment8/10
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Aarvi Encon Ltd - 544850 - Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
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AEL/SE/2026-27/12 Date: August 20, 2026
Listing Department Listing Department,
National Stock Exchange of India Limited Bombay Stock Exchange of India Limited
Exchange Plaza, 5th Floor, Plot No. C/1, Phiroze Jeejeebhoy Towers,
G Block, Bandra-Kurla Complex, Bandra, Dalal Street,
Mumbai - 400 051. Mumbai - 400 001.
Maharashtra, India. Maharashtra, India.
Symbol: AARVI Scrip Code: 544850
Sub: Intimation of Work Order received by Aarvi Encon Limited (AEL).
Dear Sir/Madam,
In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, we are pleased to inform you that Aarvi Encon Limited (“the Company”) has received a Work
Order from Mahanagar Gas Limited (“MGL”) on August 19, 2026, for Hiring of services for
Operations of CNG Stations.
The Work Order is valued at INR 30,63,27,576/- (Rupees Thirty Crore Sixty-Three Lakhs Twenty-
Seven Thousand Five Hundred and Seventy-Six only), excluding applicable taxes, and is effective
from September 1, 2026 to August 31, 2029, for a period of three years.
The requisite details as prescribed under Regulation 30 read with Schedule III of the SEBI LODR
Regulations and applicable SEBI circulars are enclosed herewith as Annexure A.
This is for your information and records.
Thanking you
Yours faithfully,
For Aarvi Encon Limited
Leela Bisht (Gupta)
Company Secretary & Compliance Officer
Encl: As Above
Annexure A
Disclosure of information pursuant to Regulation 30 of the SEBI (Listing Obligation & Disclosure
Requirements) Regulations, 2015, dated August 20, 2026:
Sr. Details/clarifications Response
a) Name of the entity awarding the Mahanagar Gas Limited.
order(s)/contract(s)
b) Significant terms and conditions of Providing Manpower Services
order(s)/contract(s) awarded in brief
c) Whether order(s) / contract(s) have been Domestic Entity
awarded by domestic/ international entity
d) Nature of order(s) / contract(s) Providing Manpower Services
e) Whether domestic or international Domestic
f) Time period by which the Order effective from 01-09-2026 till
order(s)/contract(s) is to be executed 31-08-2029
g) Broad consideration or size of the INR 30,63,27,576/- (hirty Crore Sixty Three
order(s)/contract(s) Lakhs Twenty Seven Thousand Five
Hundred and Seventy Six). Excluding Taxes
h) Whether the promoter/ promoter group / No
group companies have any interest in the
entity that awarded the order(s)/contract(s)?
If yes, nature of interest and details
i) Whether the order(s)/contract(s) would fall No
within related party transactions? If yes,
whether the same is done at "arms length"
The receipt of this Work Order further strengthens Aarvi Encon Limited’s presence in the technical
manpower services segment and reinforces its relationship with leading organisations in the energy
and infrastructure sectors. The Company continues to focus on expanding its business across key
industrial sectors by providing skilled, reliable and quality manpower solutions to its clients.
About Mahanagar Gas Limited
Mahanagar Gas Limited (MGL) is one of India's leading City Gas Distribution companies, supplying
Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) across Mumbai and adjoining areas.
MGL has established a strong presence in the natural gas distribution sector and serves a wide range
of customers across the residential, commercial, industrial and transportation segments.
About Aarvi Encon Limited
Aarvi Encon Limited is a leading technical manpower and engineering services company with a
strong presence across the energy, oil & gas, petrochemical, power, infrastructure, renewable energy
and other industrial sectors.
The Company provides technical manpower, engineering, operations and maintenance services to
leading organisations across India and international markets. Aarvi Encon continues to strengthen its
capabilities and geographical presence while focusing on delivering high-quality, reliable and cost-
effective manpower solutions to its clients.
For more information, please visit www.aarviencon.com
Yours Faithfully,
For Aarvi Encon Limited
Leela Bisht (Gupta)
Company Secretary & Compliance Officer