Business Update28 May 2026, 08:53 pm
Company 543240 Bags ₹121.04 Cr Order from Oil India
AI Summary
543240 has secured a significant domestic order valued at ₹121.04 Crores (including GST) from M/s. Oil India Limited. The contract, received on May 28, 2026, is for Coating Refurbishment and Associated Works for the Pipeline Rehabilitation Project Phase-II, covering Spread 1 (₹65.41 Crores) and Spread 2 (₹55.63 Crores) in Assam. The project is expected to be executed over a period of three years. The company clarified that this order is not a related party transaction and no promoter or promoter group entities have any interest in Oil India Limited.
Key Highlights
- Secured a ₹121.04 Cr order from Oil India Limited.
- Contract is for pipeline refurbishment works in Assam.
- The project has an execution timeline of 3 years.
- Order is domestic and not a related party transaction.
Price Impact
More from LIKHITHA