Nature of the Event
The disclosure is a mandatory intimation of receiving a significant work order in the normal course of business, as required by SEBI Listing Regulations and specific circular SEBI/HO/CFD-poD1/P/CIR/2023/123 dated July 13, 2023.
Key Quantitative Figures and Details
- Order Value: ₹44,66,62,568.00 (Rupees Forty-Four Crore Sixty-Six Lakhs Sixty-Two Thousand Five Hundred and Sixty-Eight only).
- This amount is inclusive of GST applied at a rate of 18%.
- Date of Receipt: The work order was received on 08th June, 2026.
Parties Involved
- Entity Awarding the Order: Oil and Natural Gas Corporation Limited (ONGC), Central Procurement Department.
- Address of Awarding Entity: Core -3 & 4, 8th Floor, Scope Minar, Laxmi Nagar, Delhi -110092.
- Awarding Entity Type: Domestic Entity.
Nature and Terms of the Contract
- Nature: "Rate Contract for Maintenance and Inspection of existing Floating roof crude Oil storage tanks at CPF Gandhar of Ankleshwar Asset."
- Significant Terms: The terms and conditions are as per the formal contract with ONGC.
- Execution Timeframe: The contract is to be executed over a period of 03 years from the date of the Notice of Award (NOA).
Related Party and Promoter Interest
- The promoter/promoter group/group companies have no interest in ONGC, the entity that awarded the order.
- The order does not qualify as a Related Party Transaction.