Teja Engineering Wins New O&M Orders from ONGC Valued at ₹181.92 Million
Teja Engineering Industries Limited, a fast-growing engineering services company in India's energy infrastructure sector (NSE: TEJA), has secured multiple Operation & Maintenance (O&M) contracts from Oil and Natural Gas Corporation Limited (ONGC). These contract wins solidify the company’s standing as a preferred partner in critical oil and gas infrastructure projects nationwide.The new business represents a total value of ₹181.92 million, spread across two significant contracts with ONGC.
Key Contract Details:
Teja Engineering secured the following O&M contracts:
- Mandapeta and Tatipaka Installations (Rajahmundry Asset): A 3-year O&M contract for LP Gas Compression Facilities through the Government e-Marketplace (GeM), valued at ₹153.69 million (inclusive of taxes).
- GCP-I, GCP-IV and GCS Motwan (Ankleshwar Asset): A 6-month O&M contract for providing services to ONGC Ankleshwar Asset, valued at ₹28.23 million (inclusive of taxes).
These contracts enhance Teja’s growing O&M portfolio within the national energy sector.
Expanding Project Footprint and Services
Beyond these new agreements with ONGC, Teja Engineering continues to expand its operational presence across India's gas infrastructure ecosystem. The company has successfully executed and is currently undertaking projects for several major energy companies, including GAIL, Adani, AG&P, BPCL, IOAGPL, Torrent Gas, ATGL, ThinkGas, Gujarat Gas, and SGL.Teja Engineering Industries Limited provides comprehensive services across the Oil & Gas, Power, and Energy sectors. Its service offerings include Operation & Maintenance (O&M), Erection & Commissioning (E&C), project works, installation, overhauling, decommissioning, and recommissioning services for energy infrastructure. The company supports OEMs, corporates, and Public Sector Undertakings (PSUs) covering CNG stations, natural gas compression plants, gas distribution terminals, and related infrastructure.
Commenting on the order wins, Srinivasarao Vakalapudi, Chairman & Managing Director of Teja Engineering Industries Limited, stated that these contract awards reaffirm their commitment to delivering reliable, safe, and efficient engineering and operation & maintenance solutions for India's energy sector. He added that the contracts reflect the confidence customers place in the company's technical capabilities and execution excellence.
Operational Capacity and Financial Performance
The Company maintains a significant operational presence across 15 states/UTs in India, managing 728 active O&M sites with a workforce of 2,900 personnel deployed across client sites. The organization has a history of completing 397 E&C sites, leveraging the experience gained from its erstwhile proprietorship firm, M/s Teja Engineering Services (TES), established in 2002.In terms of corporate performance for 9 months of FY26, Teja Engineering Industries Limited reported:
| Financial Metric | Value (₹) |
|---|---|
| Total Income | 54.32 Cr |
| EBIDTA | 7.07 Cr |
| Net Profit | 4.00 Crore |
The company is also certified under ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 for quality, environmental, and occupational health and safety management systems.
TEJA Stock Price Movement
Shares of Teja Engineering Industries Limited are edging higher to ₹587 as of 11:18 AM, gaining 1.21% in live trading. The stock rallies strongly, hitting its annual high amid robust activity with 4,200 shares traded so far this session.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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