India, June 9 -- The PSU Order Catalyst For small-cap engineering companies, securing a long-duration contract from a Maharatna PSU often serves as a strong validation of technical capabilities and execution credibility.

Expo Engineering and Projects Limited has announced the receipt of a significant work order from Oil and Natural Gas Corporation Limited (ONGC), India's largest oil and gas exploration company. The contract, awarded through ONGC's Central Procurement Department, is valued at Rs44.67 crore inclusive of GST and will be executed over a period of three years.

Unlike one-time project contracts, this award provides recurring revenue visibility and strengthens the company's presence within the high-entry-barrier oil and gas ma...