RBM Infracon Limited has successfully completed its first workover operation at the ONGC Nandej Oil Field and initiated the second phase. The ₹33,498 crore project, spanning 15 years with a possible five-year extension, includes ₹33,371 crore for crude oil and ₹127 crore for gas extraction. RBM’s takeover of operations marks a milestone in India’s energy infrastructure, showcasing its expertise in EPC contracts and oil & gas services. Revenues from the project will gradually reflect in RBM’s financials.
Sources: NSE Archives, PSU Connect, DSIJ, Bajaj Broking