Likhitha Infrastructure Limited has formally announced the receipt of a significant work order from M/s. Oil India Limited, dated May 28, 2026. The contract is valued at Rs. 121.04 Crores (including GST) and pertains to Coating Refurbishment and Associated Works for the Pipeline Rehabilitation Project Phase-II, specifically covering Spread 1 and Spread 2 in Assam.

The order is a domestic contract awarded to the company for a project duration of 3 years. The project is divided into two segments: Spread 1, valued at Rs. 65.41 Crores, and Spread 2, valued at Rs. 55.63 Crores. The company has clarified that this order does not fall under the category of related party transactions and that no promoters or promoter group entities have any interest in the entity awarding the contract.

Likhitha Infrastructure Limited is a prominent player in the Indian energy infrastructure sector, specializing in the laying of oil and gas pipelines, construction of associated facilities, and providing operations and maintenance services to City Gas Distribution (CGD) companies. Established in 1998, the company has built extensive experience across various Indian states and has successfully executed trans-national pipeline projects. In recent developments during 2026, the company secured a separate project worth ₹145 crore for cross-country pipeline laying and has been actively exploring diversification into water supply infrastructure. Additionally, in May 2026, the company received an order valued at Rs. 72.15 Crores (excluding GST) from Hindustan Petroleum Corporation Limited.

For the quarter ended March 2026, Likhitha Infrastructure reported a standalone net profit of ₹5.2 crore, marking a 70.45% decline compared to the ₹17.6 crore profit recorded in the corresponding quarter of the previous fiscal year. This performance reflects challenges in execution cycles and margin pressures within the infrastructure sector. While the company maintains a robust order book, the recent quarterly results indicate significant bottom-line impact. Information regarding specific famous investors in the company remains limited in public disclosures.