Qualitek Labs Subsidiary Secures Multiple Work Orders from IOCL for Lab Operations and Testing Services
Qualitek Labs Limited's wholly owned subsidiary, Interstellar Testing Centre Private Limited, has been awarded two significant work orders by Indian Oil Corporation Limited (IOCL). These contracts pertain to various aspects of laboratory operations and specialized testing services.The two contracted projects secured with IOCL include a management contract for a 2G Ethanol Quality Control (QC) Laboratory and another mandate covering the testing of Water/Wastewater, Ethanol, and Process Chemicals. Both contracts are valued in the crores range and have fixed timelines stretching over two years.
Totaling both mandates, Interstellar Testing Centre Private Limited has secured the business from IOCL, a domestic entity.
Key details regarding the work orders awarded by Indian Oil Corporation Limited (IOCL) to the subsidiary are summarized below:
| Service Description | Contract Value (Inclusive of GST) | Duration |
|---|---|---|
| Lab operation and Management Contract for 2G Ethanol QC Laboratory | Rs 3,01,50,000/- | 24 months from site handover |
| Testing of Water/Wastewater, Ethanol, Process Chemicals | Rs 75,40,200/- | 24 months from July 2, 2026 |
The contracts signify the engagement of Interstellar Testing Centre Private Limited with IOCL for critical industry services. The subsidiary’s involvement in these mandates spans specialized lab operations and extensive material testing requirements set by Indian Oil Corporation Limited.
Stock Price Movement
At the close of trade on Thursday, Qualitek Labs Ltd settled at ₹431.55, edging higher after a 2.86% gain. Shares saw considerable movement throughout the session, ranging between an intraday low of ₹418.50 and a high of ₹447.95.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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