Rs 3,498 Crore Order: Oil Equipment & Services Company Officially Signs ONGC Contract for Oil & Gas Extraction at Nandej Oil Field
he stock gave multibagger returns of 240 per cent from its 52-week low of Rs 267.80 per share.
On Wednesday, one of the Top Gainers on NSE, shares of RBM Infracon Ltd hit a 5 per cent upper circuit to Rs 910.25 per share from its previous closing of Rs 866.95. The stock’s 52-week high is Rs 1,049 and its 52-week low is Rs 267.80.
RBM Infracon Limited RBM Infracon Limited is an Industrial integrated services provider specializing in EPC contracts and comprehensive services for mechanical and rotary equipment. The work order was initially awarded in September 2024 by the Oil and Natural Gas Corporation (ONGC) for the Nandej Oil Field extraction project. The contract has been officially executed on 25th November 2024, and the company is now ready to commence operations. The company brings a multidisciplinary approach to the project, combining technical expertise, innovative technologies, and a proven track record in complex energy sector initiatives. Project Details: e Total Contract Value: Rs 3,498 crore e Contract Breakdown: Rs 3,371 crore for Crude oil Rs 127 crore for Gas at Nandej e Contract Duration: 15 years (180 months) from the effective date e Extendable up to: 5 years in the contract period.
Earlier, the company secured three substantial orders from Tiwari Construction Company, totalling a remarkable Rs 19,55,38,841.07. This impressive achievement, accomplished within a single day, underscores the company's strong market position and its ability to deliver high-quality infrastructure solutions. The orders encompass a diverse range of projects, including canopy health checks and rectifications, canopy fabrication and erection, and hoarding fabrication and erection at various retail outlets across Gujarat.
About the Company
RBM Infracon Limited, a veteran in EPC contracts within Mechanical & Civil Engineering Construction Services, is dedicated to delivering comprehensive solutions across industries like refineries, jetties, petrochemicals, fertilizers, cement, power plants, and more. With over three decades of experience, the company is renowned for its quality, innovation, and client satisfaction.
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Headquartered in Jamnagar, Gujarat, with satellite offices in Ahmedabad and project sites nationwide, RBM Infracon leverages its strategic location, robust infrastructure, skilled workforce, and advanced technology to deliver timely and efficient solutions. Guided by the vision of "The Resonance of Excellence," the company strives for excellence that not only sets a benchmark but also leaves a lasting impact on the industry. RBM Infracon has successfully collaborated with industry giants such as Reliance Industries, Nayara Energy Limited, Afcons Infrastructure Ltd, Chemie-Tech-DORC-Nigeria, Chemie-Tech-Malta, GPPL- Malta, YARA Fertilizers, TATA Projects and L&T, demonstrating their capacity to deliver on large-scale projects.
The company has a market cap of over Rs 900 crore with an ROE of 20 per cent and an ROCE of 28 per cent. The stock gave multibagger returns of 240 per cent from its 52-week low of Rs 267.80 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.