Teja Engineering Industries has secured a ₹18 crore contract for operation and maintenance services from Oil and Natural Gas Corporation (ONGC).
The three-year agreement marks a significant expansion of the company's footprint within the energy infrastructure sector, securing a steady revenue stream from one of India's largest upstream oil and gas producers.
The deal underscores the growing demand for specialized engineering services in maintaining critical energy assets.
For Teja Engineering, a firm that recently completed its initial public offering, winning contracts from state-owned giants like ONGC validates its operational capabilities and market positioning.
The contract value, while modest in absolute terms, signals potential for recurring revenue and deeper integration into the national energy supply chain.
This development follows a strong market debut for Teja Engineering.