Company has received a work order from Oil and Natural Gas Corporation Limited, Delhi amounting to Rs. 44.66 Crore (inclusive of taxes)
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Expo Engineering and Projects Ltd has received a work order from Oil and Natural Gas Corporation Limited (ONGC), a Government of India PSU, dated 08th June 2026. The order is a Rate Contract for Maintenance and Inspection of existing Floating Roof Crude Oil Storage Tanks at CPF Gandhar of Ankleshwar Asset. The total contract value is Rs. 44,66,62,568 (approximately Rs. 44.66 Crore) inclusive of GST @18%. The contract is to be executed over a period of 3 years from the date of the Notice of Award (NOA). The order has been awarded by a domestic entity, and there is no related party interest involved.
This is a meaningful new contract win from a marquee government client (ONGC), providing revenue visibility for 3 years (~Rs. 14.88 Crore per year). Positive for the company's order book and reinforces its credentials in oil & gas tank maintenance, likely to be viewed favorably by the market.