Company has received a work order by M/s Indian Oil Corporation Limited, Mumbai amounting to Rs. 26.09 Crore (inclusive of taxes )
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Expo Gas Containers Limited has received a Letter of Award (LOA) from Indian Oil Corporation Limited (IOCL), Mumbai, valued at approximately Rs. 26.09 crore inclusive of taxes. The contract covers supply, installation, fabrication, erection, testing and commissioning of tanks along with foundation work, pipelines and allied works at IOCL's LBP Asaoti location. The LOA was dated 29th May 2025 and the project is to be executed within 10 months from the LOA date. The order has been awarded by a domestic entity and there is no related-party interest involved.
This is a sizeable order from a major public-sector oil marketing company that adds to the company's revenue visibility over the next 10 months. For a small-cap company, winning business from a PSU like IOCL could enhance credibility and may support future order inflows.