Felix Industries Limited — Important, 31-01-2025: Updates

Rivita Solutions Private Limited, a subsidiary of Felix Industries, has secured a contract from Oil and Natural Gas Corporation Limited (ONGC) for the installation and maintenance of a Water Injection Facility at Padra Field. The contract, valued at INR 1.87 crore, spans three years and encompasses management of operations and maintenance. This development strengthens Rivita’s service portfolio within the domestic energy sector, indicating a strategic expansion in operational capabilities. The contract's value, alongside its scope, presents an opportunity for enhanced revenue generation, contributing positively to Felix Industries' outlook. Investors should monitor this development closely for its potential impact on future performance and growth trajectories.