- Business
- Lakshya Powertech Limited is an India-based engineering, procurement, construction (EPC), and operation and maintenance (O&M) service provider specializing in integrated mechanical, electrical, instrumentation, and civil solutions for the energy and industrial infrastructure sectors. Founded in 2012 and headquartered in Vadodara, Gujarat, India, the company delivers end-to-end technical solutions across the power generation, oil and gas, petrochemicals, renewable energy, and heavy manufacturing industries. The company operates through core business divisions encompassing EPC Projects, Operation and Maintenance (O&M) Services, Specialized Engineering Solutions, and Renewable Energy Works. Its comprehensive product and service portfolio comprises turnkey engineering, procurement, fabrication, erection, installation, testing, and commissioning of gas-based power generation plants, thermal power stations, combined cycle utilities, and industrial processing facilities; routine, preventive, and shutdown operation and maintenance services for gas turbines, steam turbines, reciprocating gas engines, centrifugal gas compressors, industrial boilers, generators, and balance-of-plant (BOP) systems; heavy equipment overhauling, component refurbishment, retrofitting, plant rehabilitation, multi-fuel conversions, and energy efficiency upgrades; electrical and instrumentation (E&I) services, including high-voltage and medium-voltage substation engineering, switchgear installation, cabling, distributed control systems (DCS), supervisory control and data acquisition (SCADA) network deployment, and programmable logic controller (PLC) automation; structural steel fabrication, pressure piping installation, heavy equipment rigging, and civil structural works; as well as engineering and construction of ground-mounted solar photovoltaic (PV) power plants, rooftop solar installations, and green energy infrastructure. Lakshya Powertech Limited serves public sector undertakings, independent power producers, petroleum refineries, chemical processing units, and industrial enterprises across India, with an expanding international project footprint extending across Southeast Asia, the Middle East, and Africa. In recent strategic developments, the company completed its initial public offering (IPO) and listed its equity shares on the National Stock Exchange of India (NSE Emerge platform) in October 2024 to support working capital expansion, capital expenditures, and corporate growth. In addition, the company has expanded its market reach by scaling its solar EPC capabilities, securing high-value long-term turbine operation and maintenance contracts, modernizing its specialized fabrication facilities, and entering strategic vendor partnerships with global original equipment manufacturers (OEMs) to provide specialized turbine maintenance, gas compression, and plant automation solutions.