Company has received a work order by M/s Indian Oil Corporation Limited, Haldia Refinery amounting to Rs. 14.53Crore (inclusive of taxes)

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Nifty Microcap 250market · in no size index; the smallest one is used+0.9%-5.7% vs market

Other Industrial Products peers, median of 24sector+0.1%-4.8% vs sector

On the reaction day the stock moved 5.7 pts less than Nifty Microcap 250 and 4.8 pts less than its Other Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Expo Engineering And Projects Ltd has received a work order from Indian Oil Corporation Limited's Haldia Refinery valued at Rs. 14,53,40,862.98 (approx. Rs. 14.53 crore) inclusive of GST. The order is a rate contract for Tank Maintenance and Inspection (M&I) Agency services at the Haldia Refinery, to be executed within 24 months from the date of site handover. The order has been awarded by a domestic entity and is not a related party transaction. This strengthens the company's order book within its core engineering services business.

Likely market impact

This is a positive development as it adds a notable PSU-backed order to the company's pipeline, providing revenue visibility for up to two years. For retail investors, it indicates continued business traction with a large public-sector client, though the order size should be viewed against the company's overall revenue base to gauge materiality.