The shares of an engineering and construction company that serves the oil, gas, petrochemical, and other industries hit 5% upper circuit on Wednesday’s trade after securing an order worth Rs 15.6 Crores from Indian Oil Corporation Ltd.
Share Price Movement
The shares of Expo Gas Containers Ltd, with a market capitalization of Rs 114 Crores, hit 5% upper circuit reaching Rs 52.45 per share at 10:00 am today. And as of 2:00 pm the shares were trading at Rs 52.3 per share which was around 4.7% higher than the previous closing price of Rs 49.96.
The shares generated multibagger returns of 171% in the past year, 248% in 3 years, and 1,983% in 5 years respectively.
Order Details
As per a press release dated February 11, 2025, the company has received a work order from Indian Oil Corporation Limited (Pipeline Division), Western Region Pipelines for a consideration of Rs 15.60 Crores.
The nature of the order is for the Maintenance and Inspection work of crude oil storage Tanks at WRPL Chaksu (Group-01) and at WRPL Vadinar (Group-02).
Out of the total order value of Rs 15.60 Crores, Rs 7.23 Crores is allotted for WRPL Chaksu (Group-01) and for WRPL Vadinar (Group-02) Rs 8.37 Crores is allotted.
Financials
The company reported an increase of 100 percent in Revenues, from Rs 15.96 Crores in Q2FY24 to Rs 31.90 Crores in Q2FY25. Their Net profits surged 144 percent from Rs 0.27 Crores to Rs 0.66 Crores over the same period.
Previous Order details
As per a press release dated January 16, 2025, the company has received a work order from BPCL amounting to Rs 5 Crore for Maintenance and Inspection job of crude oil Tanks, cleaning and M&I of 01 surge relief tank.
Clientele List
Expo Gas Containers Ltd’s clientele list includes Samsung Engineering, L.G. Engineering & Construction Corporation, Hitachi Zosen Corporation, Gulf Farabi Petrochemical, Manferrostaal A.G, Mitsubishi Heavy Industries, Galana Refinery, Indian Oil, Bharat Petroleum, Hindustan Petroleum, GAIL, Cochin Refineries, ONGC, L&T Ltd, Jindal Steel & Power etc.
About Expo Gas Containers Ltd
Expo Gas Containers Ltd. is an engineering and construction company that manufactures process plant equipment like pressure vessels, deaerators, reactors, and heat exchangers. It also executes turnkey projects for storage tanks, cryogenic tanks, piping, and pipeline work.
Written By Adhvaitha Nayani
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