Konstelec Engineers Secures ₹16.33 Cr Contract Boost!
Electrical EPC firm Konstelec Engineers Limited has bagged a ₹16.33 crore order from IOCL’s Guwahati Refinery Division for electrical and instrumentation work on the CRU project, with completion targeted in 11 months.
Summary:
Konstelec Engineers Limited, a prominent player in the electrical and instrumentation (E&I) EPC sector, has received a new contract valued at ₹16.33 crore from the Indian Oil Corporation Limited (IOCL) for a significant project at the Guwahati Refinery. This contract relates to the electrical and instrumentation installations for the CRU Project, which is expected to be finished within 11 months of the award date. Following this announcement, the stock price rose by 8% from its 52-week low, indicating renewed investor confidence and strong growth momentum in India’s industrial EPC market.
Major Contract Boosts Konstelec’s Order Book
Konstelec Engineers Limited, a reputed engineering, procurement, and construction (EPC) firm specializing in electrical and instrumentation works, has made headlines with its latest domestic contract win from Indian Oil Corporation Limited (IOCL). The work order, valued at ₹16.33 crore (including levies and duties but excluding GST), pertains to electrical and instrumentation services for the Catalytic Reforming Unit (CRU) Project at IOCL’s Guwahati Refinery.
This contract not only strengthens Konstelec’s presence in the energy and refinery sector but also reflects the company’s growing credibility among top-tier public sector undertakings (PSUs). According to the official announcement, the scope of the work includes detailed engineering, procurement of critical components, erection, and commissioning support.
Timeline and Scope of the Project
According to the Notice of Award dated June 2, 2025, Konstelec Engineers must finish the main project tasks within 11 months, followed by an additional 2-month period for support during commissioning. This ambitious timeline is indicative of IOCL’s larger push toward modernization and capacity expansion at its refinery units, aligning with India’s national energy security goals.
The CRU project at Guwahati is part of Indian Oil’s strategic refinery upgradation roadmap, aimed at improving fuel quality, enhancing capacity utilization, and aligning with Euro-VI emission standards. Electrical and instrumentation works form the backbone of such critical infrastructure, ensuring process automation, safety, and energy efficiency.
Positive Market Reaction: Stock Jumps 8% from 52-Week Low
The stock market welcomed the news positively. Konstelec Engineers’ stock surged by 8%, climbing from its 52-week low ₹59.50 per share, as investors factored in the new revenue stream and strengthened the project pipeline.
This upward movement highlights growing investor confidence in EPC firms catering to India’s industrial and energy infrastructure sectors. Given the government’s ambitious infrastructure targets and increased refinery investments by PSU giants like IOCL, BHEL, HPCL, and GAIL, players like Konstelec are poised for robust growth in the near to medium term.
Strategic Significance for Konstelec Engineers
This latest contract is not just a financial boost—it is also a strategic win for Konstelec Engineers. IOCL, being one of the largest and most credible clients in the Indian energy landscape, offers high-profile exposure, and successfully executing this project could open doors to future opportunities across IOCL’s vast network of refineries and terminals.
Konstelec has been steadily building its portfolio of clients in refineries, petrochemicals, power plants, steel plants, and infrastructure projects, and this order further consolidates its foothold in the highly competitive E&I EPC segment.
The contract also underlines Konstelec’s capabilities in handling complex and large-scale projects involving high safety, quality, and performance standards — especially in hazardous environments like refineries where precision in instrumentation and control is mission-critical.
India’s Expanding Refinery Landscape: An EPC Opportunity
India is on the path to becoming a global refining hub, with PSU oil majors investing heavily in capacity expansion, green fuels, and modernization of their facilities. Indian Oil has pledged more than ₹1 lakh crore for enhancements to refineries and the expansion of pipelines in the coming years.
The Guwahati Refinery, one of IOCL’s oldest plants, has been undergoing a multi-phase modernization to align with future energy needs and environmental standards. The CRU project is part of this upgrade and aims to boost production efficiency and increase the output of high-octane gasoline.
As EPC contractors like Konstelec align themselves with these transformation projects, their long-term growth outlook becomes increasingly promising.
What Lies Ahead for Konstelec?
With this order, Konstelec is likely to see a significant jump in its order book visibility, improved revenue stability for FY26, and potential for margin expansion depending on procurement and execution efficiency. The company may also leverage this momentum to bid for larger government and PSU projects, especially in renewable energy, refinery expansion, and green hydrogen initiatives — all of which are gaining policy traction.
Investors and analysts will be closely watching the company’s execution timeline, quarterly performance, and further order inflows as indicators of sustainable growth.
Conclusion: Momentum Builds for India’s EPC Powerhouse
The ₹16.33 crore work order awarded by Indian Oil Corporation represents a significant milestone for Konstelec Engineers as it establishes its position as a specialized leader in electrical and instrumentation EPC services. With a clear project timeline, a strong client, and a healthy market response, the company appears well-positioned to ride the next wave of India’s industrial and infrastructure revolution.
As the demand for energy infrastructure modernization accelerates under the government’s ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives, companies like Konstelec are poised to play a key role in delivering mission-critical electrical and control systems that power the nation’s development story.
The image added is for representation purposes only
