ONGC awards ₹197.59 crore jetty revamp contract
pre-market1 source ↓written by the desknot a recommendation
- contract
- ₹197.59 crore
- of India's oil
- 71%
- RKEC's shares surged
- 20%
- on the BSE
- ₹62.58
RKEC Projects has secured a ₹197.59 crore contract from ONGC for revamping the Nhava jetty infrastructure. This project aims to enhance operational efficiency and safety standards, crucial for ONGC, which produces 71% of India's oil and gas. Following the announcement, RKEC's shares surged 20% to ₹62.58 on the BSE.
Not investment advice. For informational purposes only.