Konstelec Engineers Limited, a prominent name in consulting engineering and EPC services, has announced the receipt of a new work order worth ₹9.17 crore (basic price) from Indian Oil Corporation Limited (IOCL). The project is part of a strategic infrastructure development at Vallur Station in Tamil Nadu, under IOCL’s CCCPL project.

The official disclosure, dated April 14, 2025, was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended by SEBI Circular CIR/CFD/CMD/4/2015.

Project Details and Correction

Initially disclosed on April 12, 2025, the announcement required a revision as the Letter of Acceptance (LOA) date was incorrectly mentioned as April 12, 2024. The company has now corrected this to reflect the accurate LOA date as April 12, 2025.

Key Contract Information:

The LOA for the project was issued by Indian Oil Corporation Limited, headquartered in Mumbai. IOCL’s selection of Konstelec Engineers underscores the latter’s capabilities in critical electrical infrastructure and energy projects.

About the Company

Konstelec Engineers Limited (CIN: L45203MH1995PLC095011) is known for delivering engineering, procurement, and construction (EPC) services across industrial, power, and infrastructure sectors. Operating from Mumbai, the company has been involved in numerous large-scale substation and energy distribution projects across India.

Their client base includes PSUs, energy majors, and private infrastructure players. The latest contract from Indian Oil adds to their expanding footprint in the southern region of India.

Significance of the Project

This project at Vallur is significant for several reasons:

• It strengthens IOCL’s energy transmission capacity in Tamil Nadu.

• It supports infrastructure readiness for IOCL’s CCCPL initiative.

• It provides Konstelec with a strategic presence in South India’s industrial hub.

SEBI Compliance and Transparency

As per Regulation 30 of SEBI LODR Regulations, all material events or information that may impact the market or stakeholders must be disclosed accurately and timely. In line with this, Konstelec Engineers not only disclosed the project win on April 12, but also issued a revised announcement on April 14, 2025, ensuring regulatory accuracy.

The company also provided a detailed Annexure outlining all necessary information including contract value, project scope, and execution timeline—demonstrating compliance, professionalism, and investor transparency.

Market Implications

This new order is expected to:

• Boost quarterly revenue projections for Konstelec.

• Enhance the company’s EPC order book.

• Improve investor confidence through strong project execution potential.

• Position Konstelec favorably for future public sector infrastructure tenders.

Investors may also expect announcements regarding progress milestones, which could further impact stock sentiment positively.

Conclusion

With the ₹9.17 crore work order from Indian Oil Corporation Limited, Konstelec Engineers Limited continues to solidify its role in India’s power infrastructure ecosystem. This EPC contract for a substation in Vallur, Tamil Nadu, reinforces its capabilities and reaffirms investor trust through transparent disclosures under SEBI’s compliance framework.

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