New Delhi: Indian Oil Corporation Limited (IOCL) has awarded a ₹18.51 crore work order to Expo Engineering and Projects Ltd for the maintenance and inspection of a crude oil storage tank at Viramgam in Gujarat.
The order was awarded on August 10, 2026, with the total contract value standing at ₹18,51,28,481.44, including 18% GST.
Contract Covers Crude Oil Storage Tank at Viramgam
The work order covers Maintenance & Inspection (M&I) activities for crude oil storage tank W-08 at the Western Region Pipelines (WRPL), Viramgam.
The facility comes under IOCL’s Western Region Pipelines division, which is based in Rajkot, Gujarat.
The maintenance and inspection work will be carried out to support the continued operation and upkeep of the crude oil storage infrastructure at the facility.
Read also: Indian Oil Q1 FY27 Results: Revenue Rises 26% to ₹2.76 Lakh Crore, Net Loss at ₹2,662 Crore
11-Month Timeline for Project Completion
According to the contract details, the work is scheduled to be completed within 11 months from the date of site clearance provided by the Engineer-in-Charge.
The order has been received by Expo Engineering and Projects in the normal course of its business.
Key details of the contract include:
- Order value: ₹18.51 crore
- Order date: August 10, 2026
- Client: Indian Oil Corporation Limited
- Location: Viramgam, Gujarat
- Work: Maintenance and Inspection of crude oil storage tank W-08
- Division: Western Region Pipelines
- Execution period: 11 months from site clearance
- GST: 18%
Domestic Contract, No Related-Party Transaction
The work order is a domestic contract and does not fall under related-party transactions, according to the company.
Expo Engineering and Projects Ltd, formerly known as Expo Gas Containers Ltd, received the contract in the normal course of business.
The company has also informed the stock exchanges about the order in compliance with Regulation 30 of the SEBI Listing Regulations.
About Indian Oil Corporation
Indian Oil Corporation (IOC) is a Maharatna public sector undertaking (PSU) under the Government of India and one of the country’s largest energy companies. The company operates across refining, fuel marketing, pipelines, natural gas, and LPG distribution sectors. With a widespread network across India, Indian Oil plays a major role in meeting the nation’s energy needs while supporting initiatives focused on sustainability and cleaner energy solutions.
