Company has received a work order by M/s Indian Oil Corporation Limited (Pipelines Division), Western Region Pipelines Gauridad (Rajkot) amounting to Rs. 4.90 Crore (inclusive of taxes)
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Expo Engineering and Projects Ltd has received a work order from Indian Oil Corporation Limited (Pipelines Division), Western Region Pipelines, based in Gauridad, Rajkot. The order is valued at Rs. 4,90,26,940.29 (approx. Rs. 4.90 Crore) inclusive of 18% GST. The scope of work involves roof dismantling by cold cutting and sludge evacuation of Tank-08 at WRPL Viramgam, to be completed within 4 months from site handover. The contract is from a domestic entity, and there is no promoter or related-party interest in the awarding party.
This is a modest new order from a reputed PSU client, which adds to the company's order book and provides near-term revenue visibility. For a small-cap company, winning work from Indian Oil is a positive credibility signal, though the size of the order relative to overall revenue is not disclosed here.