Konstelec Completes ₹16.22 Crore Cryogenics Project for IOCL, Validating Industrial Infrastructure Expertise
Konstelec Engineers Limited has successfully completed the Supply, Installation, Testing, and Commissioning works for Indian Oil Corporation Limited's (IOCL) Cryogenics Business Group facility located at Dindori, Nashik. This project completion reinforces Konstelec’s capabilities in delivering complex electrical infrastructure projects for major public sector enterprises.The executed value of the completed contract stood at approximately ₹16.22 crores (including GST), against an original contract value of approximately ₹18.99 crores.
Scope and Significance of the Project
The scope of work undertaken by Konstelec Engineers Limited encompassed the installation and commissioning of essential industrial electrical components for the facility. These components included transformers, DG sets, HV and LV switchgears, cabling systems, lighting infrastructure, earthing systems, along with associated civil works. The project was critical in developing the power distribution infrastructure necessary to support IOCL’s cryogenic operations facility.The completion of the mandate was formally certified by Indian Oil Corporation Limited, with Konstelec receiving confirmation on June 08, 2026.
Company Commentary
Commenting on the project completion, Mr. Amish Shah, Managing Director at Konstelec Engineers Limited, stated that the successful delivery for IOCL reflects the company’s strong execution capability in providing critical electrical infrastructure to India's leading energy companies.Mr. Shah emphasized that the team's commitment to quality, safety, and timely execution ensured the successful completion of this vital mandate. He added that Konstelec remains focused on strengthening its presence across the oil and gas, energy, and industrial sectors while continuing to build long-term relationships with major clients.
About Konstelec Engineers Limited (KEPL)
Konstelec Engineers Limited operates as an integrated EPC company specializing in Electrical, Instrumentation, and Automation systems. The company executes turnkey contracts that include the installation, testing, commissioning, and maintenance of electrical and electromechanical systems across diverse industries.KEPL’s sectors include oil and gas, refineries, petrochemicals, chemicals, cement, textiles, and space. The company provides end-to-end capabilities, covering detailed engineering, procurement support, and comprehensive project management for complex electrical infrastructure projects.
KONSTELEC Stock Price Movement
Konstelec Engineers Limited shares slipped by 3.94% today, closing at ₹42.7 after a challenging session for the stock. The equity traded between an intraday high of ₹42.7 and a low of ₹42.3, with the recorded volume totaling 7,000 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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