Felix Industries Limited — Important, 17-01-2025: Updates

Rivita Solutions Private Limited, a subsidiary of Felix Industries Limited, has secured a contract from Oil and Natural Gas Corporation Limited (ONGC) for the hiring of facilities to process effluent water for service and surface water disposal at the Nandasan ETP of the Mehsana Asset. This operation and maintenance contract is valued at ₹21.97 crore (cr) and is set to span three years. The contract was awarded by a domestic entity. There is no disclosed interest from promoters or related parties in the entity awarding the contract, ensuring the transaction remains at arm’s length. This development reflects a positive outlook for Felix Industries, offering a significant revenue opportunity and reinforcing its capabilities in environmental management services.