Raunaq International saw its shares rise after the company announced the award of two contracts from Ambuja Cements totalling Rs 181.0 million (mn). The market response included a share price increase of four point six five per cent to Rs 26.76 on the day of the disclosure. The announcements specified that the orders related to raw water pipeline works and associated equipment, signalling continued demand for engineering contracting services in industrial infrastructure. Investors appeared to react to the visibility of near term execution and revenue recognition implied by the project timelines. The first contract, valued at Rs 108.5 mn, covers the supply, erection, testing and commissioning of a raw water pipeline and associated equipment and carries a completion schedule of 10 months from the effective date. The second contract, worth Rs 72.5 mn, involves the erection, testing and commissioning of a raw water pipeline and associated equipment and is also to be executed within 10 months from the effective date. Together the contracts make up the total order value disclosed by the company. The company clarified that the contracts are not related-party transactions and that neither its promoters nor promoter group entities have any interest in the award. Raunaq International is engaged in the engineering contracting business and serves core infrastructure and industrial sectors including power, chemicals, hydrocarbons, metals and automobiles. The firm said the scope of work aligns with its established capabilities in pipeline erection and commissioning for heavy industrial clients. As of seven July 2026 the company reported a market capitalisation of Rs 89.5 mn. For the quarter ended March 2026 the company recorded a standalone net loss of Rs 11.3 mn compared with a standalone net profit of Rs 5.5 mn in the corresponding quarter of the previous year, while sales declined 25.16 per cent to Rs 82.4 mn during the quarter. The financial results and the new orders were presented together in the company disclosure and informed the market reaction.