Esconet Technologies Hits Oil: Wins ₹212.7 Million ONGC Order

Esconet Technologies Ltd has disclosed winning a substantial ₹212.7 million order from India's largest oil and gas exploration and production firm, Oil and Natural Gas Corporation (ONGC). The order is a significant milestone for Esconet, solidifying its position in the energy sector's technology solutions market.

Key takeaways:

Order value: ₹212.7 million (around $2.6 million)

Client: Oil and Natural Gas Corporation (ONGC)

Scope would most probably cover IT services and infrastructure to support ONGC operations

The details of the project are unclear, but it is likely the order would entrench Esconet's competence in IT solution services, ranging from network infrastructure to data administration or cybersecurity solution services specifically dedicated to the oil and gas industry.

This order not only enhances Esconet's order book but also fortifies its partnership with ONGC, a dominant force in India's energy sector. The firm's success in obtaining such value projects from prominent PSUs testifies to its improving capabilities and market confidence.

Sources: Esconet Technologies Ltd BSE Filing, March 18, 2025