What Is the Order?
Expo Engineering and Projects Limited has been awarded a comprehensive rate contract by the Oil and Natural Gas Corporation Limited (ONGC), specifically through its Central Procurement Department in Delhi. The scope of work focuses on the maintenance and inspection of existing floating roof crude oil storage tanks located at the Central Processing Facility (CPF) Gandhar within the Ankleshwar Asset. Valued at approximately ₹44.67 crore, the contract follows a rate-based model and is scheduled for execution over a three-year window, starting from the issuance of the Notice of Award.
This engagement falls under the company's specialized Maintenance and Inspection Services segment.
Client Profile
The awarding entity, ONGC, is India's largest crude oil and natural gas company, contributing significantly to the nation's domestic production. As a central public sector undertaking under the Ministry of Petroleum and Natural Gas, ONGC manages critical infrastructure across the hydrocarbon value chain. The Gandhar field, part of the Ankleshwar Asset in Gujarat, is one of its most productive onshore assets.
Securing a long-term maintenance contract from a Maharatna PSU like ONGC underscores the technical capability and compliance standards maintained by Expo Engineering in handling sensitive oil and gas infrastructure.
Business Impact
- The ₹44.67 crore order represents roughly 65 percent of the company's total trailing twelve-month revenue of ₹68.23 crore
- The three-year execution period ensures steady revenue recognition and improved project-based cash flow predictability
- Recent order wins from Reliance Industries and Larsen & Toubro suggest a broadening client base in the energy and infrastructure sectors
- Execution at the Gandhar facility enhances the company's operational footprint within the critical Gujarat industrial belt
- Successful delivery of this high-value PSU contract could improve the company's pre-qualification status for future large-scale government tenders
Business Overview
Expo Engineering and Projects Limited, formerly known as Expo Gas Containers Limited, is a heavy engineering firm specializing in the design and manufacturing of process plant equipment. Its product portfolio includes high-pressure vessels, heat exchangers, reactors, and distillation columns. Beyond manufacturing, the company has diversified into on-site engineering projects and specialized maintenance services for the petrochemical, chemical, and power sectors.
Operating from its facility in Murbad, Thane, the company serves as an integrated engineering partner, providing solutions from initial fabrication to final on-site installation and long-term asset maintenance.
