
Business Update25 Jun 2026, 06:50 pm
Qualitek Labs Subsidiary Secures ₹3.77 Cr in IOCL Work Orders
AI Summary
Qualitek Labs Limited's wholly-owned subsidiary, Interstellar Testing Centre Private Limited, has received two work orders from Indian Oil Corporation Limited (IOCL). The first order is for Lab operation & Management Contract of the 2G Ethanol QC Laboratory, valued at ₹3,01,50,000 (inclusive of GST). The second order is for Testing of Water/Wastewater, Ethanol, and Process Chemicals, with a contract value of ₹75,40,200 (inclusive of GST). The total value of these contracts amounts to ₹3,76,90,200. The contracts have a duration of 24 months from the date of site handover or issuance of the GeM Contract.
Key Highlights
- Subsidiary Interstellar Testing Centre received two work orders from IOCL.
- Total contract value for both orders is ₹3,76,90,200.
- Contracts include lab operations and chemical testing services.
- Each contract has a duration of 24 months.
- No promoter/group company interest in IOCL.
Price Impact
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