RBM Infracon's share price surged 3.45% to Rs 333 following the announcement that it has secured multiple contracts worth a total of Rs 114 billion from various entities. 

The first major contract, valued at Rs 72.2 billion, has been awarded by Reliance Industries for mechanical works related to Phase-1B. The project is scheduled for completion by 31 March 2025. 

In addition, the company has secured an order from Nayara Energy worth Rs 42.4 billion for the fabrication and erection of piping and structural work. This contract is set to be executed between 1 February 2025 and 30 June 2026. 

RBM Infracon operates within the engineering, execution, testing, commissioning, operation, and maintenance sectors, with a particular focus on mechanical and rotary equipment. Its expertise spans across oil and gas refineries, gas cracker plants, coal, gas, and waste heat recovery (WHR)-based power plants, as well as petrochemical, chemical, cement, and fertiliser industries. 

The recent contract wins highlight RBM Infracon’s growing presence in the energy and infrastructure sectors, particularly within oil and gas. India’s refinery sector is experiencing significant expansion, driven by rising energy demands and government initiatives aimed at strengthening domestic refining capacity. Major players such as Reliance Industries and Nayara Energy continue to invest in modernising and expanding their facilities, creating lucrative opportunities for engineering and construction firms like RBM Infracon. 

The Indian oil and gas industry is expected to witness continued growth, with the country’s refining capacity projected to exceed 400 million metric tonnes per annum (MMTPA) by 2030. As global energy companies increase their focus on sustainability and efficiency, there is a rising demand for advanced mechanical and rotary equipment solutions. This bodes well for RBM Infracon, which specialises in precision engineering for refinery expansions and petrochemical projects. 

Additionally, India’s petrochemical and fertiliser industries are poised for expansion, fuelled by increasing consumption and investments in production capacity. With a strong foothold in these critical sectors, RBM Infracon is well-positioned to benefit from the ongoing industrial growth and infrastructure development in the country.