Rbm Infracon Limited — Updates, 16-01-2025: Press Release

RBM Infracon Limited is set to take over the ONGC Nandej Oil Field project, commencing on January 17, 2025. This follows their successful execution of the Oil and Gas Production Enhancement Contract awarded in September 2024. The total contract value is ₹33,498 crore, allocated ₹33,371 crore for crude oil and ₹127 crore for gas. The contract spans 15 years, with a potential 5-year extension.

Mr. Jay Bajrang Mani, Chairman and Managing Director, emphasized that this project marks a significant step in enhancing India's energy landscape, integrating conventional extraction with sustainable energy solutions. The revenues from this project are expected to gradually reflect in the company’s financials as operations progress, which presents a positive outlook for RBM Infracon's growth trajectory. This milestone not only strengthens RBM's position in the energy sector but also aligns with their long-term vision of contributing to the nation’s energy security.