Introduction:
A leading stock in industrial services announced the takeover of ONGC’s Nandej Oil Field project, effective January 17, 2025. This milestone marks significant growth, with a ₹33,498 crore contract spanning 15 years, reflecting excellence in oil and gas operations.
Share Price movement of RBM Infracon:
On January 17, 2025, RBM Infracon Ltd opened at ₹713.50, up 3.83% from its previous close of ₹690.15. The stock reached an intraday high of ₹744.00 and low of ₹710.00, currently stock is trading at ₹716.60, with a market cap of ₹723.98 crore.
RBM Infracon takes over ONGC Nandej oil:
RBM Infracon Limited announced the takeover of ONGC’s Nandej Oil Field project, effective January 17, 2025. This follows the successful execution of the Oil and Gas Production Enhancement Contract, awarded in September 2024, and completed ahead of schedule.
The project includes a contract value of ₹33,498 crore, with ₹33,371 crore allocated for crude and ₹127 crore for gas. The agreement spans 15 years, extendable by five years, highlighting RBM’s commitment to operational excellence and timely execution.
Effective from January 17, 2025, RBM will fully manage the Nandej Oil Field’s operations, with revenues gradually reflecting in its financials. This achievement underlines RBM’s leadership in industrial services and oil and gas project management.
Recent news About RBM Infracon :
On December 10, 2024, RBM Infracon Limited announced receiving a service order worth ₹59 lakh (including GST) from Paushak Limited, Panchmahal, dated December 9, 2024. This highlights the company’s continued growth and strong client collaborations.
Ace investor holding of RBM Infracon:
Ace investor Vanaja Sundar Iyer holds 3,50,000 shares of RBM Infracon Ltd., valued at ₹25.2 crore, with the current stock price at ₹720.55, reflecting confidence in the company’s growth and long-term potential.
Stock performance of RBM Infracon for Period of 1 week, 6 months and 1 year:
RBM Infracon’s stock delivered a 7.33% return over the past week, a strong 25.7% gain over six months, and an impressive 26.2% increase over one year, showcasing consistent performance and robust growth across short-term and long-term periods.
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Shareholding pattern of RBM Infracon:
| Summary | Sep-24 | Jul 24, 2024 | Mar-24 |
| Promoter | 60.50% | 60.50% | 72.50% |
| FII | 0.00% | 0% | 0% |
| DII | 0% | 0% | 0% |
| Public | 39.40% | 39.50% | 27.60% |
About RBM Infracon:
RBM Infracon specializes in EPC contracts, mechanical and rotary equipment, and oil and gas extraction. With expertise in industrial services, it delivers large-scale infrastructure projects, emphasizing operational excellence, timely execution, and contributing to India’s energy and industrial development.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
