Company has been awarded with LOA from Indraprastha Gas Limited amounting to Rs. 14,05,03,818/-.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rudra Gas Enterprise has received a Letter of Award from Indraprastha Gas Limited (IGL) valued at Rs. 14,05,03,818 (about Rs. 14.05 crore) including 18% GST. The contract covers hiring of manpower and services for PNG and CNG operation and maintenance works for a period of two years, effective June 1, 2025 to May 31, 2027. The work is spread across three geographical areas: Karnal & Kaithal (Rs. 6.19 crore), Muzaffarnagar (Rs. 4.37 crore), and Pali & Rajsamand (Rs. 3.49 crore). The order is domestic and there is no related-party interest involved.
The order provides two years of revenue visibility from a reputed, PSU-backed counterparty (IGL is promoted by GAIL, BPCL, and ONGC). For a small company, this is a meaningful addition to the order book and supports business stability, though execution and margin outcomes will depend on manpower deployment and cost management across the three regions.