Rbm Infracon Limited — Updates, 26-11-2024: Press Release

RBM Infracon Limited has executed a significant contract with ONGC for the Nandej Oil Field extraction project. The total contract value is ₹33,498 Cr, comprising ₹33,371 Cr for crude oil and ₹127 Cr for gas. This project is set for a contract duration of 15 years, with the possibility of a 5-year extension, reflecting a substantial new revenue stream for the company.

The project underscores RBM's commitment to India's energy sector, leveraging innovative technologies and technical expertise to enhance energy security and sustainability. With a robust order book now exceeding ₹34,884 Cr, the company is well-positioned for growth, signaling a positive outlook for shareholders. Additionally, RBM's experience in EPC contracts across diverse industries, combined with its focus on client satisfaction, strengthens its competitive advantage in the market.