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Konstelec Engineers Secures ₹163.3 Million Work Order from Indian Oil Corporation

Updated: June 03, 2025 19:40

Image Source: zephyrnet.com
Konstelec Engineers Ltd. has announced that it has secured a work order worth ₹163.3 million from Indian Oil Corporation (IOC) for an engineering, procurement, and construction (EPC) project. The contract involves design, supply, installation, testing, and commissioning of a 33/6.9 kV, 6 MVA ONAN indoor substation at Vallur Station, Tamil Nadu, under the CCCPL Project.
 
Project Scope & Execution:
  • The contract includes engineering design, procurement, fabrication, material management, and onshore construction.
  • The project is scheduled for completion within eight months, following the Letter of Acceptance (LoA) issued on April 12, 2025.
Strategic Importance:
  • The project strengthens Konstelec’s presence in India’s oil and gas infrastructure sector.
  • IOC continues to expand its refining and distribution network, reinforcing its commitment to energy security.
Financial & Market Impact:
  • Konstelec Engineers’ stock saw a minor dip of 0.07%, closing at ₹72.55, while IOC’s stock rose 0.19% to ₹131.80.
  • Analysts expect long-term benefits, as Konstelec leverages its expertise in EPC contracts.
Future Outlook:
  • Konstelec aims to expand its footprint in large-scale infrastructure projects, ensuring sustainable growth.
  • The company continues to invest in advanced engineering solutions, reinforcing its commitment to quality and efficiency.
Konstelec Engineers’ latest contract win highlights its strong capabilities in EPC services, ensuring timely execution and operational excellence.
 
Source: Capital Market, Business Standard, and Konstelec Official Website.

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