Likhitha Infrastruct

Likhitha Infrastructure has secured a major international contract valued at approximately ₹510 crores from China Petroleum Engineering and Construction Corporation-Abu Dhabi for the construction of Pipeline Package-1 (ASAB). The project, which carries a 21-month execution timeline, marks a significant expansion of the company's footprint in the Middle Eastern energy infrastructure sector. The order, amounting to roughly half of Likhitha's total market capitalization, was awarded directly by the Abu Dhabi unit of the Chinese engineering giant. This is the company's largest single contract to date and far exceeds its previous domestic order wins. The development underscores growing confidence in Likhitha’s pipeline execution capabilities among international energy conglomerates.

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June 26 (Reuters) - Likhitha Infrastructure Ltd LIKI.NS:

• LIKHITHA INFRASTRUCTURE - RECEIVES ORDER WORTH ABOUT 35.10 BILLION FROM CHINA PETROLEUM ENGINEERING

Source text: ID:nBSE2Sn6H3

Further company coverage: LIKI.NS

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** Shares of India's Likhitha Infrastructure LIKI.NS jump as much as ~5%, last up 1.03% to 258 rupees

** Co's board approves raising up to 600 million rupees ($6.33 million) through preferential issue of 2.5 million convertible warrants at 240 rupees apiece

** Warrants are convertible into one equity share each and can be exercised over 18 months, co says

** Trading volumes at 103,030 shares vs 30-day average volumes of 43,559 shares

** YTD stock up 35.01%

($1 = 94.8375 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

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Likhitha Infrastructure's board approved the issuance of up to 25 lakh convertible warrants on a preferential basis, each priced at ₹240, to raise ₹60 crores. The warrants are convertible into equity shares within 18 months, with 25% payable upfront. The allottees include promoter family members and 19 non-promoter individuals. The company also appointed Lohitha Gaddipati and Chandra Dheerajram as additional executive directors, both related to the promoter family. The fundraising comes after a sharp deterioration in profitability, with fourth-quarter net profit falling 77% year-on-year.

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June 17 (Reuters) - Likhitha Infrastructure Ltd LIKI.NS:

• LIKHITHA INFRASTRUCTURE - TO CONSIDER FUND RAISING BY WAY OF ISSUE OF WARRANTS CONVERTIBLE INTO SHARES

Source text: ID:nBSE3260DY

Further company coverage: LIKI.NS

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May 28 (Reuters) - Likhitha Infrastructure Ltd LIKI.NS:

• LIKHITHA INFRASTRUCTURE - RECEIVES ORDER WORTH 1.21 BILLION RUPEES FROM OIL INDIA

Source text: ID:nBSE84r70m

Further company coverage: LIKI.NS

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May 6 (Reuters) - Likhitha Infrastructure Ltd LIKI.NS:

• LIKHITHA INFRASTRUCTURE LTD - RECEIVES ORDER WORTH 721.5 MILLION RUPEES FROM HPCL

Source text: ID:nBSE3MyYZl

Further company coverage: LIKI.NS

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Aug 9 (Reuters) - Likhitha Infrastructure Ltd LIKI.NS:

• JUNE-QUARTER CONSOL NET PROFIT 170.7 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 1.25 BILLION RUPEES

Source text for Eikon: ID:nNSEcbXmP

Further company coverage: LIKI.NS

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** Shares of Likhitha Infrastructure LIKI.NS rise as much as 8.6%, before easing to trade 3.6% higher in above-avg vol

** Pipeline infrastructure service provider gets 1.06 bln rupees ($12.8 mln) order

** Stock set for best one-day rise since Nov 6

** LIKI set to snap four straight sessions of losses

** Trading vol already the highest in a month

** Stock has risen every year since 2020 listing, incl a ~24% jump in 2023

($1 = 82.8250 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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March 12 (Reuters) - Likhitha Infrastructure Ltd LIKI.NS:

• RECEIVED AN ORDER WORTH 1.06 BILLION RUPEES

Source text for Eikon: ID:nNSEwXJf8

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March 5 (Reuters) - Likhitha Infrastructure Ltd LIKI.NS:

• GETS ORDER WORTH 333.2 MILLION RUPEES

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Sept 27 (Reuters) - Likhitha Infrastructure Ltd LIKI.NS:

• APPROVED RAISING OF FUNDS BY ISSUANCE OF SHARES HAVING FACE VALUE OF 5 RUPEES EACH AND/ OR OTHER SECURITIES

• FUND RAISE FOR AGGREGATE AMOUNT NOT EXCEEDING 1.25 BILLION RUPEES

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Sept 22 (Reuters) - Likhitha Infrastructure Ltd LIKI.NS:

• TO CONSIDER RAISING OF FUNDS THROUGH ISSUANCE OF ELIGIBLE SECURITIES BY QUALIFIED INSTITUTIONS PLACEMENT

Source text for Eikon: ID:nBSE8V4JLc

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July 20 (Reuters) - LIKHITHA INFRASTRUCTURE LIKI.NS :

• GETS ORDER WORTH 2.36 BILLION RUPEES

• GETS ORDER FROM GAIL (INDIA)

Source text for Eikon: ID:nBSE5MvYgV

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May 18 (Reuters) - Likhitha Infrastructure Ltd LIKI.NS:

• DIVIDEND 1.5 RUPEES PER SHARE

• MARCH-QUARTER CONSOL NET PROFIT 167.3 MILLION RUPEES VERSUS PROFIT 143.3 MILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 1.17 BILLION RUPEES VERSUS 780.9 MILLION RUPEES

Source text for Eikon: ID:nBSE4jKcRs

Further company coverage: LIKI.NS

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