Expo Gas gets Rs 26.09 Crore Order from Indian Oil

Expo Gas Containers Ltd announced on Friday that it has received a substantial work order from Indian Oil Corporation Ltd (IOCL), valued at ₹26.09 crore (inclusive of taxes). The order was awarded on May 29, 2025, and falls under the company’s regular course of business.

Order Highlights

• Client: Indian Oil Corporation Ltd, Mumbai
• Scope: Supply, installation, fabrication, erection, testing, and commissioning of storage tanks, pipelines, and allied infrastructure at LBP Asaoti.
• Tender ID: 2025_MKTHO_183520_1 (Tender No. MnC/LUB-59/PT-172/24-25)
• Execution Timeline: 10 months from the date of Letter of Acceptance (LOA)
• Total Consideration: ₹26,09,64,503.83 (inclusive of applicable taxes)

Disclosure Details

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular dated July 13, 2023, the company clarified that:

• The awarding entity is a domestic client, Indian Oil Corporation Ltd.
• The agreement is not a related party transaction.
• No promoter or group company has any interest in the awarding entity.

Management Commentary

Hasanain S. Mewawala, the Managing Director of Expo Gas Containers Ltd, signed the disclosure. The Managing Director also confirmed that the contract aligns with Expo Gas Containers Ltd’s core engineering and fabrication capabilities. This work order strengthens Expo Gas’s ongoing engagement with the oil and gas sector and is expected to contribute meaningfully to the company’s FY26 order book and revenue pipeline.

Disclaimer: This content is only for informational purpose. It does not make any recommendation to act or invest. Please read the offer documents carefully before investing. Investments are subject to market risks and other risks. There is no guarantee of the actual returns that will be given.

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